THE WHITNEY ACADEMY INC (EIN 042939430) - 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

1986

Legal Domicile

Principal Officer

KEVIN MARQUES

Phone

5087633737

Tax Period

2024-07-01 to 2025-06-30

THE WHITNEY ACADEMY INC, founded in 1986, is a mid-sized nonprofit in the Education sector that reported $14.2M in total revenue in fiscal year 2024.

Mission

PROVIDE EDUCATION & TREATMENT FOR DEVELOPMENTALLY DISABLED & MENTALLY ILL INDIVIDUALS TO AGE 22

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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 $185,890

Program Service Revenue $13,575,220

Investment Income $108,320

Other Revenue $339,030

TOTAL REVENUE $14,208,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,524,485

Fundraising Expenses $0

Program Expenses $13,654,374

Other Expenses $2,458,530

TOTAL EXPENSES $14,983,015

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,208,460	$14,880,469	0.0%
Expenses	$14,983,015	$14,181,197	+0.1%
Net Income	$-774,555	$699,272	-2.1%

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

236

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

$405,996

Total Directors

$405,996

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MARQUES	PRES/TREAS/ED	40.00	Officer Director	$219,891	$13,318	$233,209
ELIZABETH O'KEEFE	BUS MGR/CLERK	40.00	Officer Director	$159,469	$13,318	$172,787
JUDY MULROONEY	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA H HARMON	DIRECTOR	1.00	Director	$0	$0	$0
NEIL KOLIKOF	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN POTTS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD A WENTZEL	DIRECTOR	1.00	Director	$0	$0	$0
DANIA SILVEIRA	CONTROLLER	40.00	Highest	$119,638	$13,318	$132,956
NICOLE PARENT	PROGRAM DIRECTOR	40.00	Highest	$136,085	$13,318	$149,403
KEVIN CREEDEN	DIR. OF TESTING & RESEARCH	40.00	Highest	$145,946	$13,318	$159,264
MATTHEW MIRANDA	RESIDENTIAL DIRECTOR	40.00	Highest	$142,432	$13,318	$155,750
BENJAMIN ALLEN	DIRECTOR OF ADMISSIONS	40.00	Highest	$123,371	$13,318	$136,689

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	$14,208,460	$14,983,015	$10,095,738	$-774,555
2024	$14,880,469	$14,181,197	$10,941,479	$699,272
2023	$14,752,794	$14,921,158	$10,710,987	$-168,364
2022	$14,053,846	$13,356,006	$11,551,971	$697,840
2021	$16,096,269	$13,517,859	$10,461,017	$2,578,410
2020	$12,313,684	$12,595,369	$10,049,324	$-281,685
2019	$12,154,137	$12,497,582	$8,195,531	$-343,445
2018	$11,436,222	$11,682,557	$8,774,886	$-246,335

THE WHITNEY ACADEMY INC