ELIZABETH ACADEMY (EIN 261172983) - 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

2007

Legal Domicile

Principal Officer

GAIL WILLIAMSEN

Phone

8012814848

Tax Period

2023-06-01 to 2024-05-31

ELIZABETH ACADEMY, founded in 2007, is a community nonprofit in the Education sector that reported $7.8M in total revenue in fiscal year 2023. Revenue surged 594% from the prior year, signaling strong growth momentum. Net assets of $20.6M represent 32 months of operating reserves.

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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 $1,419,112

Program Service Revenue $5,272,705

Investment Income $0

Other Revenue $1,089,443

TOTAL REVENUE $7,781,260

Expense Breakdown

Grants Paid $3,526

Salaries & Benefits $5,237,684

Fundraising Expenses $2,000

Program Expenses $4,917,412

Other Expenses $2,974,780

TOTAL EXPENSES $8,215,990

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,781,260	$1,121,715	+5.9%
Expenses	$8,215,990	$2,901,886	+1.8%
Net Income	$-434,730	$-1,780,171	-0.8%

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

160

Volunteers

115

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

$1,200

Total Directors

$27,960

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL WILLIAMSEN	EXECUTIVE DIRECTOR	10.00	Officer Director	$1,200	$0	$1,200
THOM WILLIAMSEN	DIRECTOR	1.00	Director	$1,200	$0	$1,200
BRIANNA SONKENS	DIRECTOR	1.00	Director	$1,200	$0	$1,200
VANESSA WILLIAMSEN	DIRECTOR	1.00	Director	$17,760	$0	$17,760
STEPHEN SONKENS	DIRECTOR	1.00	Director	$900	$0	$900
BROOKE WILLIAMSEN	DIRECTOR	1.00	Director	$1,200	$0	$1,200
TRAVIS WILLIAMSEN	DIRECTOR	1.00	Director	$900	$0	$900
MADELINE WILLIAMSEN	DIRECTOR	1.00	Director	$300	$0	$300
NATALIE WILLIAMSEN	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANN LEE	DIRECTOR	1.00	Director	$1,200	$0	$1,200
MIKE MERCHANT	DIRECTOR	1.00	Director	$900	$0	$900
LELAND ANDERSON	DIRECTOR	1.00	Director	$300	$0	$300
STEVE MORGAN	DIRECTOR	1.00	Director	$900	$0	$900
MANDY FUHRIMAN	ASSISTANT HEAD OF SCHOOL - INCLUSION	30.00	Highest	$109,070	$5,262	$114,332
JESSICA RAWLINGS	HEAD OF LOWER SCHOOL	40.00	Highest	$106,292	$4,885	$111,177

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	$7,781,260	$8,215,990	$21,896,937	$-434,730
2022	$7,318,991	$7,408,160	$22,897,525	$-89,169
2021	$5,537,962	$7,027,730	$22,998,155	$-1,489,768
2020	$5,892,482	$5,396,163	$32,558,532	$496,319
2019	$7,527,233	$4,921,475	$33,760,092	$2,605,758
2018	$6,567,304	$4,218,331	$34,199,339	$2,348,973
2018	$4,735,528	$4,032,448	$14,750,383	$703,080

ELIZABETH ACADEMY