WALDEN ACADEMY INC (EIN 452378417) - 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

MERRILEE VANDERWAAL

Phone

5303616480

Tax Period

2024-07-01 to 2025-06-30

WALDEN ACADEMY INC, founded in 2011, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $2.8M exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDE A LEARNING ENVIRONMENT THAT STIMULATES AND NURTURES A STUDENT'S DESIRE TO LEARN.

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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 $2,356,381

Program Service Revenue $15,830

Investment Income $39,474

Other Revenue $11,256

TOTAL REVENUE $2,422,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,819,883

Fundraising Expenses $0

Program Expenses $2,394,343

Other Expenses $1,019,286

TOTAL EXPENSES $2,839,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,422,941	$2,953,463	-0.2%
Expenses	$2,839,169	$2,933,448	0.0%
Net Income	$-416,228	$20,015	-21.8%

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

Volunteers

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

$156,200

Total Directors

$68,826

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MARTIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY R ALVES	DIRECTOR	40.00	Director	$62,779	$6,047	$68,826
NATHAN MICHAUD	SECRETARY	1.00	Officer Director	$0	$0	$0
JULIA MERCADO	DIRECTOR	1.00	Director	$0	$0	$0
SANDY VON BARGEN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GLADMAN	DIRECTOR	1.00	Director	$0	$0	$0
AMBER CALONICO	SCHOOL DIRECTOR	40.00	Officer	$126,718	$11,842	$138,560
MERRILEE VANDERWAAL	CHIEF FINANCE OFFICER	2.00	Officer	$17,640	$0	$17,640

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	$2,422,941	$2,839,169	$2,919,460	$-416,228
2024	$2,953,463	$2,933,448	$3,577,637	$20,015
2023	$3,374,343	$2,637,489	$3,822,271	$736,854
2022	$2,466,959	$2,281,262	$2,213,441	$185,697
2021	$2,390,645	$2,041,770	$2,071,988	$348,875
2020	$1,931,806	$1,846,201	$1,719,950	$85,605
2019	$1,863,057	$1,655,120	$1,528,964	$207,937
2018	$1,612,057	$1,406,396	$1,143,913	$205,661

WALDEN ACADEMY INC