FIRST STATE MILITARY ACADEMY (EIN 450672529) - 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

2011

Legal Domicile

Principal Officer

SCOTT KIDNER

Phone

3022232140

Tax Period

2024-07-01 to 2025-06-30

FIRST STATE MILITARY ACADEMY, founded in 2011, is a community nonprofit in the Education sector that reported $7.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE FIRST STATE MILITARY ACADEMY IS TO PROVIDE AN EDUCATION EXPERIENCE THAT FOCUSES ON THE INTELLECTUAL, PHYSICAL, AND EMOTIONAL GROWTH OF THE CHILD. OUR SCHOOL WILL PROVIDE A STRUCTED LEARNING EVIRONMENT AND A STRONG CULTURE OF ACADEMIC RIGOUR, MILITARY DISCIPLINE, CITIZENSHIP, AND LEADERSHIP, AND THE APPLICATION OF STRONG MORAL VALUES. GRADUATES WILL DEVELOP RESPECT FOR THEMSELVES, THOSE ON WHOM THEY DEPEND, AND THOSE THAT DEPEND ON THEM, ENSURING SUCCESSFUL ENTRY INTO ADULT LIFE.

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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 $7,177,997

Program Service Revenue $81,492

Investment Income $103,828

Other Revenue $369,487

TOTAL REVENUE $7,732,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,329,151

Fundraising Expenses $0

Program Expenses $5,942,036

Other Expenses $2,195,843

TOTAL EXPENSES $7,524,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,732,804	$7,068,801	+0.1%
Expenses	$7,524,994	$8,109,641	-0.1%
Net Income	$207,810	$-1,040,840	-1.2%

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

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

$170,521

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
C SCOTT KIDNER	BOARD PRESIDENT	0.00	Officer Director	$0	$0	$0
CHRISTOPHER MARTIN	BOARD MEMBER	0.00	Director	$0	$0	$0
KEVIN YENCER	BOARD MEMBER	0.00	Director	$0	$0	$0
REGGIE CAPITAN	BOARD MEMBER	0.00	Director	$0	$0	$0
DR KELLY PALAISA	BOARD MEMBER	0.00	Director	$0	$0	$0
RAYMOND OTT	BOARD MEMBER	0.00	Director	$0	$0	$0
RYAN PAYUS	BOARD MEMBER	0.00	Director	$0	$0	$0
HEATHER CONTANT	BOARD MEMBER	0.00	Director	$0	$0	$0
RONALD VASCIK JR	BOARD MEMBER	0.00	Director	$0	$0	$0
GEORGE BAILEY	BOARD MEMBER	0.00	Director	$0	$0	$0
BLAIR NEWMAN	PRINCIPAL	1.00	Officer	$116,500	$54,021	$170,521

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	$7,732,804	$7,524,994	$10,992,535	$207,810
2024	$7,068,801	$8,109,641	$12,074,713	$-1,040,840
2023	$7,588,163	$9,264,822	$13,339,199	$-1,676,659
2022	$7,319,999	$8,641,941	$16,149,457	$-1,321,942
2021	$7,272,088	$8,166,677	$14,894,990	$-894,589
2020	$6,534,623	$7,293,316	$12,682,234	$-758,693
2019	$5,618,784	$6,688,448	$11,367,607	$-1,069,664
2018	$5,271,988	$5,755,775	$9,694,200	$-483,787

FIRST STATE MILITARY ACADEMY