WHITESTONE ACADEMY INC (EIN 113179475) - 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

1990

Legal Domicile

Principal Officer

FRANCIS OTTAVIANO

Phone

7187670773

Tax Period

2024-09-01 to 2025-08-31

WHITESTONE ACADEMY INC, founded in 1990, is a small nonprofit in the Education sector that reported $864K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $152K, a strong 18% operating margin.

Mission

INSTRUCT GRADES 7 TO 12 PER NYS GUIDELINES OF DEPARTMENT OF EDUCATION

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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 $0

Program Service Revenue $863,893

Investment Income $0

Other Revenue $0

TOTAL REVENUE $863,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $435,433

Fundraising Expenses $0

Program Expenses $562,958

Other Expenses $276,814

TOTAL EXPENSES $712,247

Year-over-Year Comparison

	2024	2023	Change
Revenue	$863,893	$678,037	+0.3%
Expenses	$712,247	$870,676	-0.2%
Net Income	$151,646	$-192,639	-1.8%

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

N/A

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
FRANCIS OTTAVIANO	PRINCIPAL TREASURER	060.00	Officer Director	$0	$0	$0
PAUL OTTAVIANO MD	TRUSTEE	002.00	Director	$0	$0	$0
LAURA OTTAVIANO	SECRETARY	060.00	Officer Director	$0	$0	$0
HELENA OTTAVIANO	TRUSTEE	002.00	Director	$0	$0	$0
OLIVIA OTTAVIANO	TRUSTEE	002.00	Director	$0	$0	$0
FRANCESCA OTTAVIANO	TRUSTEE	002.00	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	$863,893	$712,247	$338,140	$151,646
2024	$678,037	$870,676	$186,494	$-192,639
2023	$865,250	$790,641	$379,133	$74,609
2022	$962,097	$797,925	$304,524	$164,172
2021	$576,579	$617,468	$140,352	$-40,889
2020	$890,046	$905,710	$1,286,001	$-15,664
2019	$1,394,394	$1,250,514	$1,579,665	$143,880
2018	$1,462,800	$1,271,136	$1,640,036	$191,664

WHITESTONE ACADEMY INC