STRIVE COLLEGIATE ACADEMY

EIN: 464782840 501(c)(3) Education

NASHVILLE, TN

Total Revenue
$3,573,642
Total Expenses
$4,923,657
Total Assets
$4,614,937
Net Assets
$1,671,578
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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
2014
Legal Domicile
TN
Principal Officer
LAKENDRA BUTLER
Phone
6156456440
Tax Period
2024-07-01 to 2025-06-30

STRIVE COLLEGIATE ACADEMY, founded in 2014, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $4.9M exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PREPARE MIDDLE SCHOOL STUDENTS FOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND CAREER.

Program Service Accomplishments

Program 1
Expenses: $3,388,568 Revenue: $34,142

AT STRIVE COLLEGIATE ACADEMY, OUR MISSION IS TO PREPARE MIDDLE SCHOOL STUDENTS FOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND CAREER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,539,500
Program Service Revenue $34,142
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,573,642

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,142,815
Fundraising Expenses $0
Program Expenses $3,388,568
Other Expenses $2,780,842
TOTAL EXPENSES $4,923,657

Year-over-Year Comparison

2024 2023 Change
Revenue $3,573,642 $4,503,808 -0.2%
Expenses $4,923,657 $5,112,435 0.0%
Net Income $-1,350,015 $-608,627 +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

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Governance

Voting Members
9
Independent Members
9
Employees
34
Volunteers
10

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
5
$138,432
Total Directors
10
$138,432
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT EMERSON BOARD CHAIR 0.00
Officer Director
$0 $0 $0
SARAH ANN EZELL BOARD MEMBER 0.00
Director
$0 $0 $0
DR AIKYNA FINCH BOARD SECRETARY 0.00
Officer Director
$0 $0 $0
DIANE QUARLES-HARTMAN BOARD MEMBER 0.00
Director
$0 $0 $0
NORMA SHIRK BOARD VICE CHAIR 0.00
Officer Director
$0 $0 $0
LAKENDRA BUTLER EXECUTIVE DIRECTOR 40.00
Officer Director
$138,432 $0 $138,432
STEPHANIC HUFFMAN BOARD MEMBER 0.00
Director
$0 $0 $0
CARL JOHNS ISHAM BOARD MEMBER 0.00
Director
$0 $0 $0
YOLANDO SUTTLE BOARD MEMBER 0.00
Director
$0 $0 $0
JORDAN WATERS BOARD MEMBER 0.00
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 $3,573,642 $4,923,657 $4,614,937 $-1,350,015
2024 No data No data No data No data
2023 $5,542,425 $5,434,948 $8,070,973 $107,477
2022 $6,092,335 $5,727,976 $4,357,176 $364,359
2021 $4,932,773 $4,288,680 $3,579,293 $644,093
2020 $4,484,759 $4,290,553 $2,778,532 $194,206
2019 $5,094,040 $3,939,550 $2,090,692 $1,154,490
2018 $2,861,832 $2,634,747 $769,784 $227,085
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