PALM HARBOR ACADEMY INC (EIN 270373254) - 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

2009

Legal Domicile

Principal Officer

GILLARD S GLOVER

Phone

3864479692

Tax Period

2024-07-01 to 2025-06-30

PALM HARBOR ACADEMY INC, founded in 2009, is a small nonprofit in the Education sector that reported $981K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $257K, a strong 26% operating margin.

Mission

To provide educational services to economically and socially disadvantaged youth.

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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 $497,339

Program Service Revenue $417,059

Investment Income $9,685

Other Revenue $57,017

TOTAL REVENUE $981,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $343,850

Fundraising Expenses $0

Program Expenses $723,673

Other Expenses $379,823

TOTAL EXPENSES $723,673

Year-over-Year Comparison

	2024	2023	Change
Revenue	$981,100	$639,145	+0.5%
Expenses	$723,673	$791,864	-0.1%
Net Income	$257,427	$-152,719	-2.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GILLARD S GLOVER	CHAIRMAN	1.00	Director	$0	$0	$0
WILLIAM MOSLEY	TRUSTEE	1.00	Director	$0	$0	$0
ISAIAH HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
DOUG MILNE	TRUSTEE	1.00	Director	$0	$0	$0
DONALD O'BRIEN	TRUSTEE	1.00	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	$981,100	$723,673	$496,741	$257,427
2023	$631,068	$647,213	$432,970	$-16,145
2022	$538,094	$608,284	$468,083	$-70,190
2021	$423,602	$440,861	$238,287	$-17,259
2020	$436,116	$453,997	$157,179	$-17,881
2019	$567,378	$724,552	$51,433	$-157,174
2018	$1,213,305	$1,338,067	$226,040	$-124,762

PALM HARBOR ACADEMY INC