TREY WHITFIELD SCHOOL (EIN 113577637) - 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

1983

Legal Domicile

Principal Officer

JANIE C WHITNEY

Tax Period

2023-09-01 to 2024-08-31

TREY WHITFIELD SCHOOL, founded in 1983, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Expenses of $3.3M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE AFFORDABLE AND ACCESSIBLE 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 (2023)

Revenue Breakdown

Contributions & Grants $1,172,622

Program Service Revenue $1,350,225

Investment Income $4,080

Other Revenue $73,368

TOTAL REVENUE $2,600,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,015,424

Fundraising Expenses $214,757

Program Expenses $2,766,204

Other Expenses $1,327,128

TOTAL EXPENSES $3,342,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,600,295	$2,520,960	+0.0%
Expenses	$3,342,552	$3,536,323	-0.1%
Net Income	$-742,257	$-1,015,363	-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

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

$16,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AB WHITFIELD	COO	40.00	Highest	$276,240	$0	$276,240
JANIE C WHITNEY	CEO	40.00	Officer	$16,000	$0	$16,000
GUY METCALF	MEMBER	2.00	Director	$0	$0	$0
BENJAMIN A GLASCOE	MEMBER	2.00	Director	$0	$0	$0
BRUCE MCLEAN	MEMBER	2.00	Director	$0	$0	$0
MICHAEL FRANCO	MEMBER	2.00	Director	$0	$0	$0
GILLIAN LAKHAN FORBES	SECRETARY	2.00	Officer	$0	$0	$0
DEREK MCNEIL	CHAIRMAN	2.00	Officer	$0	$0	$0
KEN JACOBY	TREASURER	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
2024	$2,600,295	$3,342,552	$2,483,518	$-742,257
2023	$2,520,715	$3,536,323	$2,931,881	$-1,015,608
2022	$3,120,135	$3,309,605	$3,970,158	$-189,470
2021	$3,543,449	$3,092,932	$4,569,369	$450,517
2020	$2,356,347	$2,806,396	$4,196,132	$-450,049
2019	$1,997,702	$2,648,346	$4,428,567	$-650,644
2018	$2,663,320	$2,598,865	$5,149,405	$64,455

TREY WHITFIELD SCHOOL