THOMAS HEYWARD ACADEMY INC (EIN 237075014) - 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

1970

Legal Domicile

Principal Officer

JAMIE BOWEN

Phone

8437263673

Tax Period

2024-06-01 to 2025-05-31

THOMAS HEYWARD ACADEMY INC, founded in 1970, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024.

Mission

EDUCATION OF STUDENTS K4-12.

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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 $160,693

Program Service Revenue $1,985,731

Investment Income $4,701

Other Revenue $0

TOTAL REVENUE $2,151,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,457,778

Fundraising Expenses $0

Program Expenses $1,878,883

Other Expenses $711,822

TOTAL EXPENSES $2,169,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,151,125	$2,073,649	+0.0%
Expenses	$2,169,600	$2,050,070	+0.1%
Net Income	$-18,475	$23,579	-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

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

$100,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LENA THOMAS	VICE CHAIRPERSON	3.00	Director	$0	$0	$0
TOMMY STANLEY	CHAIRPERSON	5.00	Director	$0	$0	$0
NICOLE PALAZZO	MEMBER	3.00	Director	$0	$0	$0
WARREN JOHNSON	MEMBER	3.00	Director	$0	$0	$0
JEFFERY MINGLEDORFF	TREASURER	3.00	Director	$0	$0	$0
COLBY CROSBY	MEMBER	3.00	Director	$0	$0	$0
KATIE ROUNTREE	MEMBER	3.00	Director	$0	$0	$0
KIMBERLY TAYLOR	SECRETARY	3.00	Director	$0	$0	$0
SCOTT GIBSON III	HEADMASTER	40.00	Key Emp	$100,000	$0	$100,000

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
2025	$2,151,125	$2,169,600	$2,069,502	$-18,475
2024	$2,073,649	$2,050,070	$2,108,388	$23,579
2023	$2,950,732	$2,107,322	$2,165,381	$843,410
2022	$1,849,659	$1,796,937	$1,451,787	$52,722
2021	$1,882,929	$1,726,904	$1,452,047	$156,025
2020	$1,766,678	$1,861,358	$1,548,395	$-94,680
2019	$1,764,884	$1,859,749	$1,461,494	$-94,865

THOMAS HEYWARD ACADEMY INC