GROVES ACADEMY

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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

THE MISSION OF GROVES LEARNING ORGANIZATION IS TO BUILD CONFIDENCE AND SUCCESS FOR LEARNERS, PARTICULARLY THOSE WITH LEARNING DIFFERENCES SUCH AS DYSLEXIA, ADHD AND EXECUTIVE FUNCTION CHALLENGES. THROUGH RESEARCH-BASED APPROACHES AND TRANSFORMATIVE LEARNING EXPERIENCES THAT MEET THE NEEDS OF EACH UNIQUE LEARNER, OUR VISION IS TO REDEFINE THE WAY OUR NATION IS TAUGHT, ONE STUDENT, ONE TEACHER, AND ONE SCHOOL AT A TIME.

Program Service Accomplishments

Program 1

Expenses: $9,689,707 Revenue: $10,425,957

GROVES ACADEMY SERVES LEARNERS IN GRADES 1-12 WITH STUDENTS WITH LEARNING DIFFERENCES SUCH AS DYSLEXIA, ADHD, EXECUTIVE FUNCTION CHALLENGES, AND OTHER LANGUAGE-BASED LEARNING DISABILITIES. OPENING IN 1972 IN ST. LOUIS PARK, MINNESOTA, GROVES IS THE MIDWEST'S LEADING SCHOOL FOR STUDENTS WITH LEARNING DIFFERENCES. OUR RESEARCH-BASED, MULTI-SENSORY APPROACH MEETS EACH LEARNER WHERE THEY ARE, HONORING STRENGTHS WHILE TACKLING CHALLENGES HEAD-ON. WITH SMALL CLASS SIZES, SPECIALIZED CURRICULUM, AND EXPERT TEACHERS WHO TRULY UNDERSTAND LEARNING DIFFERENCES AND THE CHALLENGES LEARNERS FACE TO FEEL SUCCESSFUL, WE CREATE A SPACE WHERE STUDENTS LEARN, BUILD CONFIDENCE, AND SUCCEED AT SCHOOL AND AT LIFE.

Program 2

Expenses: $2,915,439 Revenue: $3,341,474

GROVES LEARNING CENTER WAS ESTABLISHED IN 2015 TO PROVIDE A COMPREHENSIVE ARRAY OF FEE-BASED SERVICES TO THE GREATER TWIN CITIES COMMUNITY AND TO OUR GROVES STUDENTS. THESE SERVICES INCLUDE...

GROVES LEARNING CENTER WAS ESTABLISHED IN 2015 TO PROVIDE A COMPREHENSIVE ARRAY OF FEE-BASED SERVICES TO THE GREATER TWIN CITIES COMMUNITY AND TO OUR GROVES STUDENTS. THESE SERVICES INCLUDE DIAGNOSTIC TESTING, TUTORING, SPEECH AND LANGUAGE ASSESSMENTS AND THERAPY. SUMMER PROGRAMS OFFER A VARIETY OF ACADEMIC AND ENRICHMENT PROGRAMS FOR STUDENTS IN GRADES 2-12. THE LEARNING CENTER IS ONE OF THE FEW SITES IN THE TWIN CITIES THAT OFFERS ALL OF THESE SERVICES UNDER ONE ROOF, AND MANY OF OUR LEARNING CENTER CLIENTS PARTICIPATE IN MORE THAN ONE SERVICE.

Program 3

Expenses: $2,286,643 Revenue: $1,608,763

GROVES LITERACY PARTNERS (GLP) IS A RAPIDLY GROWING PROGRAM PROVIDING CURRICULUM, COACHING AND PROFESSIONAL DEVELOPMENT, AND SYSTEMS GUIDANCE TO SCHOOLS TO HELP CLOSE THE LITERACY GAP FOR OVER 11,000 STUDENTS IN OVER 90 SCHOOLS THROUGHOUT MINNESOTA. GLP COLLABORATES WITH SCHOOLS, USING RESEARCH-BASED METHODS, TO HELP EMERGING AND STRUGGLING READERS AND UNDER-RESOURCED SCHOOLS. THE VISION FOR THIS PROGRAM IS TO EXPAND NATIONWIDE TO INFLUENCE LONG-TERM CHANGE IN HOW TEACHERS DELIVER CLASSROOM LITERACY INSTRUCTION.

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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