LEE ACADEMY

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1845

Legal Domicile

Principal Officer

DAVID DODGE

Phone

2077382252

Tax Period

2024-07-01 to 2025-06-30

LEE ACADEMY, founded in 1845, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 5% surplus.

Mission

THE OPERATION OF A SECONDARY NONPROFIT PRIVATE SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $1,823,375 Revenue: $2,478,556

THE ACHIEVEMENT IS EDUCATION THROUGH THE OPERATION OF A PRIVATE SECONDARY SCHOOL. TRANSPORTATION & DORMITORY FACILITIES ARE ALSO PROVIDED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $265,249

Program Service Revenue $2,213,710

Investment Income $83,696

Other Revenue $274,200

TOTAL REVENUE $2,836,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,637,261

Fundraising Expenses $16,374

Program Expenses $1,823,375

Other Expenses $1,069,629

TOTAL EXPENSES $2,706,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,836,855	$2,863,719	0.0%
Expenses	$2,706,890	$2,678,678	+0.0%
Net Income	$129,965	$185,041	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD SCRIBNER	TRUSTEE	1.00	Director	$0	$0	$0
HOLLIE WORSTER	TREASURER	2.00	Officer Director	$0	$0	$0
DAN ALDRICH	TRUSTEE	1.00	Officer Director	$0	$0	$0
CLAYTON BOULRISSE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID DODGE	PRESIDENT	20.00	Officer Director	$0	$0	$0
WENDY DUNBAR	TRUSTEE	1.00	Director	$0	$0	$0
BRITTANY MALLETT	SECRETARY	2.00	Officer Director	$0	$0	$0
THERESA MILLER	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
KIMBERLY ODUSAMI	TRUSTEE	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,836,855	$2,706,890	$5,932,932	$129,965
2024	$2,863,719	$2,678,678	$5,571,510	$185,041
2023	$3,192,511	$2,914,088	$5,226,810	$278,423
2022	$4,248,142	$3,267,895	$5,083,453	$980,247
2021	$3,254,955	$3,110,313	$6,114,936	$144,642
2020	$4,474,464	$3,370,653	$6,362,917	$1,103,811
2020	$3,993,863	$3,420,699	$5,979,375	$573,164
2019	$3,909,985	$3,649,276	$6,100,880	$260,709
2018	$4,297,777	$4,084,492	$6,228,032	$213,285