WESTLAKE ACADEMY FOUNDATION

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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

2003

Legal Domicile

Principal Officer

DR SHELLY MYERS

Phone

8174905722

Tax Period

2024-07-01 to 2025-06-30

WESTLAKE ACADEMY FOUNDATION, founded in 2003, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $405K, a strong 20% operating margin.

Mission

TO PROVIDE FINANCIAL SUPPORT FOR WESTLAKE ACADEMY IN ITS EFFORTS TO PROVIDE STUDENTS WITH AN INTERNATIONALLY-MINDED EDUCATION OF THE HIGHEST QUALITY, SO THEY ARE WELL-BALANCED AND RESPECTFUL LIFE-LONG LEARNERS.

Program Service Accomplishments

Program 1

Expenses: $1,254,489

BLACKSMITH ANNUAL FUND DONATIONS HELP FILL THE FUNDING GAP IN WESTLAKE ACADEMY'S ANNUAL OPERATING BUDGET. 100% OF DONATIONS RECEIVED THROUGH THE BLACKSMITH ANNUAL FUND CAMPAIGN ARE TRANSFERRED...

BLACKSMITH ANNUAL FUND DONATIONS HELP FILL THE FUNDING GAP IN WESTLAKE ACADEMY'S ANNUAL OPERATING BUDGET. 100% OF DONATIONS RECEIVED THROUGH THE BLACKSMITH ANNUAL FUND CAMPAIGN ARE TRANSFERRED DIRECTLY TO THE ACADEMY.

Program 2

Expenses: $132,365

PROVIDE "ABOVE AND BEYOND" SUPPORT FOR ACTIVITIES AND INITIATIVES OF ACADEMY OUTSIDE OF THE ANNUAL BUDGET. GRANTS HAVE FUNDED NEW CURRICULUM PROGRAMS, CLASSROOM PROJECTS, NEW EQUIPMENT, SMARTBOARDS...

Program 3

Expenses: $124,178

INITIATIVE TO SUPPORT THE ACADEMY'S TEACHER RETENTION EFFORTS: FACULTY AND STAFF RECEIVE $1,100 IN GIFT CARDS TO PURCHASE CLASSROOM AND WORKSTATION RESOURCES.

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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 $1,876,188

Program Service Revenue $0

Investment Income $257,870

Other Revenue $-68,335

TOTAL REVENUE $2,065,723

Expense Breakdown

Grants Paid $1,511,032

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,511,032

Other Expenses $149,575

TOTAL EXPENSES $1,660,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,065,723	$1,452,100	+0.4%
Expenses	$1,660,607	$1,566,439	+0.1%
Net Income	$405,116	$-114,339	-4.5%

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

N/A

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

$156,922

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLY MYERS	EXECUTIVE DIRECTOR	40.00	Officer	$0	$19,715	$156,922
MARSHA AILEY	DIRECTOR	2.00	Director	$0	$0	$0
SHARAN SANKARANARAYANAN	DIRECTOR	2.00	Director	$0	$0	$0
PATTY PINSONNAULT	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER KILGORE	DIRECTOR	2.00	Director	$0	$0	$0
ROB FITZGERALD	DIRECTOR	2.00	Director	$0	$0	$0
BRI DESLONGCHAMPS	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL COLBY	PRESIDENT	2.00	Officer Director	$0	$0	$0
MEGHAN DORR	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DR AHU PRIMEAUX	SECRETARY	2.00	Officer Director	$0	$0	$0
SEAN SHOPE	TREASURER	2.00	Officer 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	$2,065,723	$1,660,607	$3,626,067	$405,116
2024	$1,452,100	$1,566,439	$3,178,246	$-114,339
2023	$1,827,657	$1,609,044	$3,284,208	$218,613
2022	$2,338,496	$2,335,632	$2,748,901	$2,864
2021	$1,490,806	$1,274,358	$3,244,083	$216,448
2020	$1,623,760	$1,407,200	$2,677,971	$216,560
2019	$1,761,972	$1,489,130	$2,380,643	$272,842
2018	$1,658,268	$1,544,483	$2,558,219	$113,785