THE CLASSICAL ACADEMY OF SARASOTA (EIN 463754462) - 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

2013

Legal Domicile

Principal Officer

CHRISTEN BENSON

Phone

9419252153

Tax Period

2023-07-01 to 2024-06-30

THE CLASSICAL ACADEMY OF SARASOTA, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $10.7M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $9.5M left a modest 11% surplus.

Mission

DEVELOPING THE ACADEMIC POTENTIAL OF EACH STUDENT THROUGH A RIGOROUS CONTENT-RICH, CLASSICAL LIBERAL ARTS EDUCATION, WHILE BUILDING IN THEM A VIRTUOUS CHARACTER.

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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 $2,642,117

Program Service Revenue $7,452,968

Investment Income $73,219

Other Revenue $484,420

TOTAL REVENUE $10,652,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,528,831

Fundraising Expenses $306,290

Program Expenses $8,591,913

Other Expenses $2,969,971

TOTAL EXPENSES $9,498,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,652,724	$8,204,460	+0.3%
Expenses	$9,498,802	$5,001,269	+0.9%
Net Income	$1,153,922	$3,203,191	-0.6%

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

161

Volunteers

120

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

$91,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH LONGENECKER	HEADMASTER	40.00	Officer	$90,000	$1,350	$91,350
CHRISTEN BENSON	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA CHEVALIER	CO-CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTEN CLEARY	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN GREEN	DIRECTOR	1.00	Director	$0	$0	$0
JOE HEMBREE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER STEUBE	SECRETARY	1.00	Officer Director	$0	$0	$0
LEVI WIGET	CHAIR	1.00	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	No data	No data	No data	No data
2024	$10,652,724	$9,498,802	$10,077,100	$1,153,922
2023	$7,670,052	$7,972,944	$10,086,123	$-302,892
2022	$8,204,460	$5,001,269	$11,080,067	$3,203,191
2021	$3,836,672	$3,051,703	$2,883,515	$784,969
2020	$2,534,992	$2,367,585	$1,349,258	$167,407
2019	$2,017,973	$1,929,686	$1,039,702	$88,287
2018	$1,762,410	$1,705,148	$990,024	$57,262

THE CLASSICAL ACADEMY OF SARASOTA