WASHBURN ACADEMY INC (EIN 141919930) - 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

2004

Legal Domicile

Principal Officer

ROBERTA WASHBURN

Phone

7276471668

Tax Period

2023-01-01 to 2023-12-31

WASHBURN ACADEMY INC, founded in 2004, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 12% surplus.

Mission

TO EDUCATE CHILDREN, MAKING THEM ABLE TO BE PRODUCTIVE, ACTIVE, HAPPY ADULTS READY TO CONTRIBUTE TO SOCIETY OR CONTINUE ON TO COLLEGE.

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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 $135,154

Program Service Revenue $1,812,252

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,947,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $668,317

Fundraising Expenses $15,202

Program Expenses $1,702,874

Other Expenses $1,034,557

TOTAL EXPENSES $1,718,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,947,406	$1,559,995	+0.2%
Expenses	$1,718,076	$1,680,187	+0.0%
Net Income	$229,330	$-120,192	-2.9%

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

$35,100

Total Directors

$116,370

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN FLOAT	CHAIRMAN	30.00	Director	$34,170	$0	$34,170
ARDEN TAYLOR	DIRECTOR	1.00	Director	$1,100	$0	$1,100
ROBERTA WASHBURN	SECRETARY	30.00	Officer Director	$35,100	$0	$35,100
DORETTA J DELUCA	TREASURER	40.00	Director	$46,000	$0	$46,000

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	No data	No data	No data	No data
2023	$1,947,406	$1,718,076	$1,212,545	$229,330
2022	$1,559,995	$1,680,187	$960,665	$-120,192
2021	$1,335,647	$1,135,850	$1,208,779	$199,797
2020	$1,047,029	$985,886	$1,159,177	$61,143
2019	$1,228,052	$1,084,801	$1,028,931	$143,251
2018	$1,230,888	$1,068,453	$1,006,547	$162,435

WASHBURN ACADEMY INC