REID TRADITIONAL SCHOOLS INC (EIN 453868431) - 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

HEIDI MITCHELL

Phone

6234782344

Tax Period

2024-07-01 to 2025-06-30

REID TRADITIONAL SCHOOLS INC, founded in 2011, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE MISSION OF REID TRADITIONAL SCHOOLS IS TO OFFER BACK-TO-BASICS, TRADITIONAL EDUCATION BY PROVIDING A CHALLENGING, SEQUENTIAL, TEACHER- DIRECTED, STANDARDS-BASED, TEXTBOOK-DRIVEN CURRICULUM SUPPORTED BY INDIVIDUAL ACCOUNTABILITY AND HIGH ACADEMIC AND BEHAVIORAL STANDARDS.

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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 $0

Program Service Revenue $404,481

Investment Income $130,767

Other Revenue $1,493,727

TOTAL REVENUE $2,028,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $757,492

Fundraising Expenses $0

Program Expenses $2,357,290

Other Expenses $1,599,798

TOTAL EXPENSES $2,357,290

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,028,975	$2,332,035	-0.1%
Expenses	$2,357,290	$2,297,951	+0.0%
Net Income	$-328,315	$34,084	-10.6%

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

$178,269

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI MITCHELL	CEO	40.00	Officer	$178,269	$0	$178,269
CUYLER REID	PRESIDENT	2.00	Officer Director	$0	$0	$0
YOGIN PATEL	SECRETARY	2.00	Director	$0	$0	$0
LETHA WARNER	TREASURER	2.00	Officer Director	$0	$0	$0
SAMUEL EFIRD	BOARD MEMBER	2.00	Officer 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	$2,028,975	$2,357,290	$17,969,868	$-328,315
2024	$2,332,035	$2,297,951	$18,628,832	$34,084
2023	$2,146,609	$2,205,944	$19,012,229	$-59,335
2022	$1,939,690	$2,338,355	$19,381,151	$-398,665
2021	$2,026,035	$2,242,443	$20,097,082	$-216,408
2020	$2,126,376	$2,242,121	$20,651,137	$-115,745
2019	$2,037,623	$2,203,213	$21,056,720	$-165,590
2018	$1,999,109	$2,238,576	$21,438,102	$-239,467

REID TRADITIONAL SCHOOLS INC