WORTHMORE ACADEMY INC (EIN 351757424) - 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

2022

Legal Domicile

Phone

8777006516

Tax Period

2023-01-01 to 2023-12-31

WORTHMORE ACADEMY INC, founded in 2022, is a small nonprofit in the Education sector that reported $284K in total revenue in fiscal year 2023.

Mission

Worthmore Academy only provides one service and it is for special education students. Children with specific learning disabilities autism spectrum dyslexia ADD ADHD reading math language and communcation disorders. We work wth children k-12th grades

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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 $48,050

Program Service Revenue $235,510

Investment Income $0

Other Revenue $0

TOTAL REVENUE $283,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,646

Fundraising Expenses $0

Program Expenses $283,560

Other Expenses $125,914

TOTAL EXPENSES $283,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$283,560	$269,396	+0.1%
Expenses	$283,560	$269,396	+0.1%
Net Income	$0	$0	N/A

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

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

Total Directors

Key Employees

$141,061

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Alvey	Teacher	40.00	Key Emp	$0	$0	$17,000
Nancy Delph	Teacher	40.00	Key Emp	$0	$0	$19,000
Pamela Easterday	Teacher	40.00	Key Emp	$0	$0	$13,500
Anne Hungerford-Lowell	Teacher	40.00	Key Emp	$0	$0	$17,000
Kelly Lowell	Teacher	40.00	Key Emp	$0	$0	$17,000
Carol McCracken	Teacher	40.00	Key Emp	$0	$0	$13,500
Meagan Nieman	Teacher	40.00	Key Emp	$0	$0	$17,000
Pamela Thornton	Teacher	40.00	Key Emp	$0	$0	$27,061
Loiuse Bellon	Treasurer Board of Director	3.00	Director	$0	$0	$0
Stewart Devane	Board Member	5.00	Director	$0	$0	$0
Chip Caldwell	Board Director	2.00	Director	$0	$0	$0
Karen Dowdell	Board Member	2.00	Director	$0	$0	$0
Sandra Dillard	Board Member	2.00	Director	$0	$0	$0
Marilyon Barnard	Board Member	2.00	Director	$0	$0	$0
Kim Randall	Board Member	2.00	Director	$0	$0	$0
Brenda J Jackson	President	40.00	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
2023	$283,560	$283,560	$283,560	No data
2022	$269,396	$269,396	$269,396	No data

WORTHMORE ACADEMY INC