George Stevens Academy (EIN 010247002) - Form 990 Financial Analysis & Trantor Score

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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

1943

Legal Domicile

Principal Officer

Dan Welch

Phone

2073745081

Tax Period

2023-07-01 to 2024-06-30

George Stevens Academy, founded in 1943, is a community nonprofit in the Education sector that reported $5.8M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $5.5M left a modest 6% surplus.

Mission

George Stevens Academy is an independent high school located on the coast of Maine.

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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 (2023)

Revenue Breakdown

Contributions & Grants $857,828

Program Service Revenue $4,729,111

Investment Income $161,437

Other Revenue $52,886

TOTAL REVENUE $5,801,262

Expense Breakdown

Grants Paid $174,573

Salaries & Benefits $3,501,677

Fundraising Expenses $148,395

Program Expenses $4,381,650

Other Expenses $1,789,359

TOTAL EXPENSES $5,465,609

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,801,262	$5,092,301	+0.1%
Expenses	$5,465,609	$6,425,536	-0.1%
Net Income	$335,653	$-1,333,235	-1.3%

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

106

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

$229,466

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sally Mills	Board Chair	2.00	Officer Director	$0	$0	$0
Deb Ludlow	Vice Chair	2.00	Officer Director	$0	$0	$0
Bill Case	Clerk	2.00	Officer Director	$0	$0	$0
Sara Becton Ardrey	Trustee	2.00	Director	$0	$0	$0
Amy Baker	Trustee	2.00	Director	$0	$0	$0
Alden Blodgett	Trustee	2.00	Director	$0	$0	$0
Kenelm Guinness	Trustee	2.00	Director	$0	$0	$0
Wilson King	Trustee	2.00	Director	$0	$0	$0
Tyler Knowles	Trustee	2.00	Director	$0	$0	$0
Sue Loomis	Trustee	2.00	Director	$0	$0	$0
Tony Politano	Trustee	2.00	Director	$0	$0	$0
Robyn Sealander	Trustee	2.00	Director	$0	$0	$0
Liffey Thorpe	Trustee	2.00	Director	$0	$0	$0
Chris Young	Trustee	2.00	Director	$0	$0	$0
Terry Moulton	Past Treasurer	2.00	Officer Director	$0	$0	$0
Prudy Heilner	Past Trustee	2.00	Director	$0	$0	$0
Mark Hurvitt	Past Trustee	2.00	Director	$0	$0	$0
Timothy Seely	Past Head of School	40.00	Officer	$73,658	$14,693	$88,351
Shelley Borror Jackson	Interim Head of School	40.00	Officer	$71,154	$2,022	$73,176
Brock Muir	Past Director of Finance	40.00	Officer	$56,281	$11,658	$67,939

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	No data	No data	No data	No data
2024	$5,801,262	$5,465,609	$14,488,043	$335,653
2023	$5,092,301	$6,425,536	$13,989,461	$-1,333,235
2022	$7,278,899	$6,031,846	$14,316,753	$1,247,053
2021	$6,240,531	$5,997,265	$16,148,143	$243,266
2020	$5,866,443	$5,828,201	$15,457,334	$38,242
2019	$5,851,300	$6,058,352	$15,075,813	$-207,052

George Stevens Academy