SOUTHERN AVENUE CHARTER ELEMENTARY SCHOOL OF ACADEMIC EXCELLENCE

EIN: 272076360 501(c)(3) Education

MEMPHIS, TN

Total Revenue
$4,631,864
Total Expenses
$5,992,499
Total Assets
$2,807,170
Net Assets
$1,566,757
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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
2005
Legal Domicile
TN
Principal Officer
STANLEY BURTON
Phone
9017437335
Tax Period
2024-07-01 to 2025-06-30

SOUTHERN AVENUE CHARTER ELEMENTARY SCHOOL OF ACADEMIC EXCELLENCE, founded in 2005, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $6.0M exceeded revenue, resulting in a 29% operating deficit.

Mission

THE MISSION IS TO EDUCATE THE WHOLE CHILD TO EXPERIENCE ACADEMIC AND SOCIAL SUCCESS THROUGH A VARIETY OF RESEARCH-BASED DATA DRIVEN TEACHING METHODS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $478,806
Program Service Revenue $3,945,423
Investment Income $0
Other Revenue $207,635
TOTAL REVENUE $4,631,864

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,845,221
Fundraising Expenses $0
Program Expenses $3,472,194
Other Expenses $2,147,278
TOTAL EXPENSES $5,992,499

Year-over-Year Comparison

2024 2023 Change
Revenue $4,631,864 $6,444,127 -0.3%
Expenses $5,992,499 $5,589,003 +0.1%
Net Income $-1,360,635 $855,124 -2.6%
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

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Governance

Voting Members
13
Independent Members
13
Employees
96
Volunteers
N/A

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
2
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TEENA M SMITH PRINCIPAL 40
Highest
$105,602 $29,709 $135,311
ANTHONY AMOS VICE CHAIRPERSON 2
Director
$0 $0 $0
CAROLYN GODWIN WILLET BOARD MEMBER 2
Director
$0 $0 $0
JUDGE WALTER EVANS BOARD MEMBER 2
Director
$0 $0 $0
TYRUS PERRY BOARD MEMBER 2
Director
$0 $0 $0
TANIA MARIA INCIO BOARD MEMBER 2
Director
$0 $0 $0
DELL STINER BOARD MEMBER 2
Director
$0 $0 $0
GWENDOLYN BOYKINS BOARD MEMBER 2
Director
$0 $0 $0
SIDNEY WHITE BOARD MEMBER 2
Director
$0 $0 $0
EDWARD L MCCLAIN JR BOARD MEMBER 2
Director
$0 $0 $0
REGINA COVINGTON BOARD MEMBER 2
Director
$0 $0 $0
KATHYRN SMITH BOARD MEMBER 2
Director
$0 $0 $0
STANLEY BURTON CHAIRPERSON 2
Officer
$0 $0 $0
STEPHAINE WALKER TREASURER 2
Officer
$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 $4,631,864 $5,992,499 $2,807,170 $-1,360,635
2024 $6,444,127 $5,589,003 $3,822,759 $855,124
2023 $6,384,168 $6,182,699 $4,978,948 $201,469
2022 $4,933,574 $4,594,806 $1,999,588 $338,768
2021 $4,596,718 $4,111,601 $1,789,818 $485,117
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