GROVES ACADEMY (EIN 410979871) - 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

1971

Legal Domicile

Principal Officer

BARRY WADSWORTH

Phone

9529206377

Tax Period

2024-09-01 to 2025-08-31

GROVES ACADEMY, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $19.0M in total revenue in fiscal year 2024. Expenses of $21.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

OUR VISION IS TO REDEFINE THE WAY OUR NATION IS TAUGHT, ONE PERSON AT A TIME.

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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 $2,739,721

Program Service Revenue $15,376,194

Investment Income $982,938

Other Revenue $-110,500

TOTAL REVENUE $18,988,353

Expense Breakdown

Grants Paid $1,885,647

Salaries & Benefits $14,278,976

Fundraising Expenses $1,795,948

Program Expenses $14,891,789

Other Expenses $5,443,278

TOTAL EXPENSES $21,607,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,988,353	$19,302,206	0.0%
Expenses	$21,607,901	$18,853,072	+0.1%
Net Income	$-2,619,548	$449,134	-6.8%

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

248

Volunteers

112

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

$294,138

Total Directors

$294,138

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
G BRYAN FLEMING	PRESIDENT	40.00	Officer Director	$238,090	$56,048	$294,138
BARRY WADSWORTH	CHAIR	1.00	Officer Director	$0	$0	$0
PETER DANKWERTH	VICE CHAIR AND TREASURER	1.00	Officer Director	$0	$0	$0
ADAM BRAUN	SECRETARY CO-CHAIR	1.00	Officer Director	$0	$0	$0
ELLEN STEWART	SECRETARY CO-CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN PERERA	GOVERNANCE CHAIR	1.00	Officer Director	$0	$0	$0
CARLY BRODERICK	TRUSTEE	1.00	Director	$0	$0	$0
EMILY COOLEY DOBBINS	TRUSTEE	1.00	Director	$0	$0	$0
DAN DEIKEL	TRUSTEE	1.00	Director	$0	$0	$0
MONICA GOULD	TRUSTEE	1.00	Director	$0	$0	$0
TOM GROVER	TRUSTEE	1.00	Director	$0	$0	$0
TRAVIS HANSBERGER	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN HECHT	TRUSTEE	1.00	Director	$0	$0	$0
DAVID IVERSON	TRUSTEE	1.00	Director	$0	$0	$0
FRANKIE LENZMEIER	TRUSTEE	1.00	Director	$0	$0	$0
CINDEE MCCARTHY	TRUSTEE	1.00	Director	$0	$0	$0
NNEKA SEDERSTROM	TRUSTEE	1.00	Director	$0	$0	$0
THABANI SINKULA	TRUSTEE	1.00	Director	$0	$0	$0
KATHARINE CAMPBELL	DIRECTOR OF IPL	40.00	Highest	$132,152	$15,854	$148,006
LAWRENCE GRAHAM	DIRECTOR OF FINANCE	40.00	Highest	$148,643	$67,348	$215,991
NANCY SEGRETI	DIRECTOR OF GROWTH & ENROLLMENT OPS	40.00	Highest	$135,179	$30,110	$165,289
LINDA DOMHOLT	DIRECTOR OF ADVANCEMENT	40.00	Highest	$151,935	$31,466	$183,401
DEBRA PETERSON	DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$108,182	$53,488	$161,670

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	$18,988,353	$21,607,901	$36,069,415	$-2,619,548
2024	$19,302,206	$18,853,072	$42,190,383	$449,134
2023	$32,638,289	$16,378,635	$38,093,042	$16,259,654
2022	$17,013,075	$15,936,426	$21,306,293	$1,076,649
2021	$17,504,895	$14,994,724	$27,486,120	$2,510,171
2020	$14,018,129	$13,462,634	$24,982,095	$555,495
2019	$12,902,493	$13,032,121	$23,114,510	$-129,628
2019	$12,902,493	$13,032,121	$23,114,510	$-129,628
2018	$11,988,517	$11,988,018	$22,594,799	$499

GROVES ACADEMY