ST THOMAS MORE ACADEMY INC (EIN 020624214) - 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

2002

Legal Domicile

Principal Officer

WILLIAM H FRANCIS JR

Phone

9198787640

Tax Period

2023-07-01 to 2024-06-30

ST THOMAS MORE ACADEMY INC, founded in 2002, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Expenses of $2.7M exceeded revenue, resulting in a 51% operating deficit.

Mission

ST. THOMAS MORE ACADEMY PROVIDES A CLASSICAL COLLEGE-PREPARATORY CURRICULUM FOR GRADES 9-12 THAT FULLY PARTICIPATES IN THE ROMAN CATHOLIC TRADITION.

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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 $108,115

Program Service Revenue $1,648,292

Investment Income $52,281

Other Revenue $0

TOTAL REVENUE $1,808,688

Expense Breakdown

Grants Paid $144,714

Salaries & Benefits $1,431,649

Fundraising Expenses $7,906

Program Expenses $2,437,986

Other Expenses $1,163,226

TOTAL EXPENSES $2,739,589

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,808,688	$1,822,859	0.0%
Expenses	$2,739,589	$2,560,337	+0.1%
Net Income	$-930,901	$-737,478	+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

$116,867

Total Directors

$116,867

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT L LUDDY	PRESIDENT	2.00	Officer Director	$0	$0	$0
RANDOLPH L LUDDY	DIRECTOR	2.00	Director	$0	$0	$0
BRADLEY E WATKINS	HEADMASTER	40.00	Officer Director	$111,969	$4,898	$116,867
WILLIAM H FRANCIS JR	CORPORATE SECRETARY	2.00	Officer	$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	No data	No data	No data	No data
2024	$1,808,688	$2,739,589	$6,009,969	$-930,901
2023	$1,822,859	$2,560,337	$6,966,900	$-737,478
2022	$2,241,282	$2,371,225	$7,702,453	$-129,943
2021	$3,172,625	$2,177,312	$8,332,983	$995,313
2020	$4,608,355	$1,944,203	$6,530,731	$2,664,152
2019	$2,871,326	$1,706,269	$4,161,233	$1,165,057
2018	$1,683,412	$1,756,253	$3,002,303	$-72,841

ST THOMAS MORE ACADEMY INC