THE SHARON 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

1996

Legal Domicile

Principal Officer

MARY NEWMAN

Phone

8027632500

Tax Period

2023-07-01 to 2024-06-30

THE SHARON ACADEMY, founded in 1996, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

THE SHARON ACADEMY IS AN INDEPENDENT MIDDLE AND HIGH SCHOOL WHERE STUDENTS ARE KNOWN, VALUED, AND CHALLENGED. THE MISSION OF THE SHARON ACADEMY IS TO NURTURE INTELLIGENT, INDEPENDENT, AND CREATIVE THINKING IN A SMALL SCHOOL COMMUNITY, AWAKENING STUDENTS TO THEIR IMMENSE POTENTIAL AND THE DIFFERENCE THEY CAN MAKE IN THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $2,720,028 Revenue: $2,883,263

THE SHARON ACADEMY (TSA) CAN BEST BE DESCRIBED AS A TOWN ACADEMY IN RURAL SHARON, VT, THAT OFFERS THE MANY ADVANTAGES OF A SMALL SCHOOL ENVIRONMENT. FOUNDED IN 1996, TSA IS AN INDEPENDENT MIDDLE...

THE SHARON ACADEMY (TSA) CAN BEST BE DESCRIBED AS A TOWN ACADEMY IN RURAL SHARON, VT, THAT OFFERS THE MANY ADVANTAGES OF A SMALL SCHOOL ENVIRONMENT. FOUNDED IN 1996, TSA IS AN INDEPENDENT MIDDLE SCHOOL AND HIGH SCHOOL WITH A TOTAL DAY STUDENT POPULATION OF APPROXIMATELY 160. STUDENTS COME FROM 20 SURROUNDING TOWNS AND 85% OF OUR STUDENT BODY IS PUBLICLY FUNDED. WE EMPHASIZE ACADEMIC RIGOR, PERSONAL RESPONSIBILITY, INDEPENDENT LEARNING, ACCESS TO AUTHENTIC LEADERSHIP OPPORTUNITIES, TEAMWORK, AND COMMUNICATION SKILLS ACROSS THE CURRICULUM. OUR HYBRID OF PUBLIC AND PRIVATE EDUCATION SETS HIGH ACADEMIC STANDARDS. THE GOAL AT TSA IS TO HELP STUDENTS DEEPEN THEIR INTELLECTUAL, ETHICAL, EMOTIONAL, ARTISTIC, AND PHYSICAL SELVES. HERE WE VALUE ALL STUDENTS AS THEY DEFINE THEMSELVES AND WILL CHALLENGE EACH STUDENT TO MEET THEIR POTENTIAL THROUGH THE DISCOVERY OF NEW IDEAS, SKILLS, AND POINTS OF VIEW. STUDENTS ARE EXPLICITLY TAUGHT TO FIND THEIR VOICE AND TO ADVOCATE FOR THEMSELVES. THE MISSION OF THE SHARON ACADEMY IS TO NURTURE INTELLIGENT, INDEPENDENT, AND CREATIVE THINKING IN A SMALL SCHOOL COMMUNITY, AWAKENING STUDENTS TO THEIR IMMENSE POTENTIAL AND THE DIFFERENCE THEY CAN MAKE IN THE WORLD. FOR MORE INFORMATION VISIT: SHARONACADEMY.ORG

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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 $190,102

Program Service Revenue $2,883,263

Investment Income $39,819

Other Revenue $0

TOTAL REVENUE $3,113,184

Expense Breakdown

Grants Paid $84,175

Salaries & Benefits $2,409,101

Fundraising Expenses $64,831

Program Expenses $2,720,028

Other Expenses $895,764

TOTAL EXPENSES $3,389,040

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,113,184	$3,386,914	-0.1%
Expenses	$3,389,040	$3,097,835	+0.1%
Net Income	$-275,856	$289,079	-2.0%

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

100

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

$125,258

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TANYA SWETT	PRESIDENT	5.00	Officer Director	$0	$0	$0
PHILIP LAPP	TREASURER	1.00	Officer Director	$0	$0	$0
DEE GISH	SECRETARY	1.00	Officer Director	$0	$0	$0
TULIO BROWNING	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KYLIE EASTMAN	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN FARRINGTON	TRUSTEE	1.00	Director	$0	$0	$0
JULIE GROPPE	TRUSTEE	1.00	Director	$0	$0	$0
ERIK SKARSTEN	TRUSTEE	1.00	Director	$0	$0	$0
CORA SWANBERG	TRUSTEE	1.00	Director	$0	$0	$0
GRAY MIRANDA	TRUSTEE	1.00	Director	$0	$0	$0
KATYE REED	TRUSTEE	1.00	Director	$0	$0	$0
MARY NEWMAN	HEAD OF SCHOOL	60.00	Officer	$102,702	$22,556	$125,258

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	$3,113,184	$3,389,040	$4,902,855	$-275,856
2023	$3,386,914	$3,097,835	$5,149,132	$289,079
2022	$3,221,353	$2,958,455	$4,759,677	$262,898
2021	$4,053,018	$2,902,983	$4,760,404	$1,150,035
2021	$3,709,912	$2,902,983	$4,760,404	$806,929
2020	$2,963,467	$3,039,873	$4,274,782	$-76,406
2019	$3,209,764	$3,121,251	$4,161,102	$88,513
2018	$3,176,253	$2,879,505	$4,078,890	$296,748