Vincent Gray Academy (EIN 371087899) - 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

1980

Legal Domicile

Principal Officer

Rev Phoenix Barnes

Phone

6188757880

Tax Period

2024-07-01 to 2025-06-30

Vincent Gray Academy, founded in 1980, is a small nonprofit that reported $172K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $263K exceeded revenue, resulting in a 53% operating deficit.

Mission

OPERATION OF AN ALTERNATIVE HIGH SCHOOL

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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 $162,038

Program Service Revenue $0

Investment Income $7,242

Other Revenue $3,180

TOTAL REVENUE $172,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,680

Fundraising Expenses $51,643

Program Expenses $128,060

Other Expenses $69,424

TOTAL EXPENSES $263,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,460	$237,252	-0.3%
Expenses	$263,104	$274,493	0.0%
Net Income	$-90,644	$-37,241	+1.4%

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

$61,580

Total Directors

$61,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Phoenix Barnes	President	0.00	Officer Director	$3,780	$0	$3,780
Lillian Grinston	Executive Director	30.00	Officer Director	$57,800	$0	$57,800
Sister Julia Huiskamp	Secretary	0.00	Director	$0	$0	$0
Tina Phillips	Treasurer	0.00	Director	$0	$0	$0
Vincent Pierce	Director	0.00	Officer Director	$0	$0	$0
Dr Donald Wallace	Director	0.00	Director	$0	$0	$0
Kevin Roberson	Director	0.00	Director	$0	$0	$0
Gladys Porter	Director	0.00	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	$172,460	$263,104	$251,972	$-90,644
2024	No data	No data	No data	No data
2023	$217,132	$284,393	$343,606	$-67,261
2022	$278,237	$299,902	$389,107	$-21,665
2021	$409,188	$312,286	$410,511	$96,902
2020	$362,971	$321,003	$258,903	$41,968
2019	$391,198	$369,057	$165,476	$22,141
2018	$386,729	$386,835	$147,230	$-106

Vincent Gray Academy