WESTMINSTER ACADEMY INC (EIN 461592718) - 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

2012

Legal Domicile

Principal Officer

TATE TAYLOR

Phone

8132795225

Tax Period

2023-07-01 to 2024-06-30

WESTMINSTER ACADEMY INC, founded in 2012, is a small nonprofit in the Education sector that reported $725K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

WESTMINSTER ACADEMY, INC. PROVIDES EDUCATION BASED ON THE CLASSICAL, CHRISTIAN MODEL TO ELEMENTARY SCHOOL STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $139,190

Program Service Revenue $570,425

Investment Income $0

Other Revenue $15,693

TOTAL REVENUE $725,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $550,648

Fundraising Expenses $0

Program Expenses $760,444

Other Expenses $209,796

TOTAL EXPENSES $760,444

Year-over-Year Comparison

	2023	2022	Change
Revenue	$725,308	$592,477	+0.2%
Expenses	$760,444	$600,783	+0.3%
Net Income	$-35,136	$-8,306	+3.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY CRANE	DIRECTOR	4.00	Director	$0	$0	$0
MARTHA CRANE	DIRECTOR	4.00	Director	$0	$0	$0
SHANNON DOWNING	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
GARY DOWNING	TREASURER/DI	3.00	Officer	$0	$0	$0
TATE TAYLOR	PRESIDENT/DI	5.00	Officer	$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	No data	No data	No data	No data
2024	$725,308	$760,444	$115,963	$-35,136
2023	$592,477	$600,783	$90,829	$-8,306
2022	$650,413	$580,829	$99,593	$69,584
2021	$536,402	$496,955	$31,817	$39,447
2020	$358,419	$404,307	$49,168	$-45,888
2019	$347,907	$312,687	$61,763	$35,220

WESTMINSTER ACADEMY INC