SARASOTA SUNCOAST ACADEMY INC (EIN 223872632) - 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

2002

Legal Domicile

Principal Officer

MITCHELL BURKS

Phone

9419244242

Tax Period

2024-07-01 to 2025-06-30

SARASOTA SUNCOAST ACADEMY INC, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $11.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO INTEGRATE EXCELLENCE IN EDUCATION, HIGHLY MOTIVATED AND QUALIFIED TEACHERS, DEEPLY CONCERNED AND INVOLVED PARENTS AND A SUPPORTIVE COMMUNITY TO PROVIDE STUDENTS A SUPERIOR LEARNING OPPORTUNITY. WE WILL DEVELOP AND REINFORCE A STRONG VALUE SYSTEM AND

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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 $10,279,675

Investment Income $0

Other Revenue $1,476,118

TOTAL REVENUE $11,755,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,569,911

Other Expenses $11,637,285

TOTAL EXPENSES $11,637,285

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,755,793	$10,513,990	+0.1%
Expenses	$11,637,285	$11,846,773	0.0%
Net Income	$118,508	$-1,332,783	-1.1%

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

136

Volunteers

525

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

$418,081

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCHELL BURKS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAY GORDON	MEMBER	1.00	Director	$0	$0	$0
GREG GRINER	MEMBER	1.00	Director	$0	$0	$0
ALEX KAUFFMAN	MEMBER	1.00	Director	$0	$0	$0
N/A	MEMBER	1.00	Director	$0	$0	$0
STACY HOMAN	PRINCIPAL	40.00	Key Emp	$149,673	$0	$149,673
DAMON KAMLADE	ASST PRINCIPAL	40.00	Key Emp	$138,995	$0	$138,995
KARLA REYNOLDS	ASST PRINCIPAL	40.00	Key Emp	$129,413	$0	$129,413

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	$11,755,793	$11,637,285	$10,420,047	$118,508
2024	$10,513,990	$11,846,773	$11,040,072	$-1,332,783
2023	$10,202,344	$10,688,530	$12,483,763	$-486,186
2022	$9,338,416	$9,351,652	$13,154,029	$-13,236
2021	$9,455,341	$8,412,156	$6,046,737	$1,043,185
2020	$7,833,768	$8,005,828	$5,080,387	$-172,060
2019	$6,750,790	$7,155,968	$1,929,283	$-405,178

SARASOTA SUNCOAST ACADEMY INC