ADMIRAL FARRAGUT ACADEMY FOUNDATION (EIN 311506065) - 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

1996

Legal Domicile

Principal Officer

JEFFREY GROSSMAN

Phone

7273845500

Tax Period

2024-01-01 to 2024-12-31

ADMIRAL FARRAGUT ACADEMY FOUNDATION, founded in 1996, is a small nonprofit in the Education sector that reported $222K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $96K, a strong 43% operating margin.

Mission

TO SOLICIT, RECEIVE AND ADMINISTER GIFTS AND FINANCIAL RESOURCES FROM SOURCES SOLELY FOR THE BENEFIT OF ADMIRAL FARRAGUT ACADEMY, INC. THE FOUNDATION OPERATES EXCLUSIVELY TO PROMOTE THE EDUCATIONAL, SCIENTIFIC, CULTURAL AND RECREATIONAL OBJECTIVES OF ADMIRAL FARRAGUT ACADEMY, INC.

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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 $91,913

Program Service Revenue $0

Investment Income $72,748

Other Revenue $57,673

TOTAL REVENUE $222,334

Expense Breakdown

Grants Paid $76,240

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $111,365

Other Expenses $50,573

TOTAL EXPENSES $126,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,334	$295,121	-0.2%
Expenses	$126,813	$1,651,787	-0.9%
Net Income	$95,521	$-1,356,666	-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

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
ROBERT MATTHIES	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY GROSSMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JOE DISE	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN LOCKERBIE	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
THOMAS MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID YOHO	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTIAN WAGNER	BOARD MEMBER	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
2024	$222,334	$126,813	$3,663,051	$95,521
2023	$295,121	$1,651,787	$3,445,907	$-1,356,666
2022	$585,996	$249,752	$4,634,556	$336,244
2022	$585,996	$249,752	$4,634,556	$336,244
2021	$606,131	$222,056	$4,637,241	$384,075
2020	$315,799	$282,512	$4,321,284	$33,287
2019	$546,283	$1,676,516	$4,048,696	$-1,130,233
2018	$390,266	$536,307	$4,972,342	$-146,041

ADMIRAL FARRAGUT ACADEMY FOUNDATION