THUNDERBIRD PREPARTORY ACADEMY INC

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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

Principal Officer

TAFT MORLEY

Phone

7048969500

Tax Period

2023-07-01 to 2024-06-30

THUNDERBIRD PREPARTORY ACADEMY INC, founded in 2014, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

LAKESIDE CHARTER ACADEMY PARTNERS WITH PARENTS TO CULTIVATE LEARNERS THROUGH SCHOLARSHIP, LEADERSHIP, AND CITIZENSHIP. WE OFFER A FOCUSED CURRICULUM BASED ON THE CORE KNOWLEDGE SEQUENCE BY E.D. HIRSCH, EMPHASIZING A CONTENT-RICH ACADEMIC FOUNDATION. OUR INNOVATIVE AND RIGOROUS ACADEMICS ARE PROVIDED IN A SAFE, NURTURING ENVIRONMENT, DRIVEN BY PROVEN CURRICULUM, EMPOWERED TEACHERS, AND PARENTAL INVOLVEMENT. SERVING KINDERGARTEN TO 8TH GRADE, WE AIM FOR THE FULLEST DEVELOPMENT OF OUR STUDENTS THROUGH CHALLENGING ACADEMICS, LEADERSHIP TRAINING, AND COMMUNITY SERVICE.

Program Service Accomplishments

Program 1

Expenses: $2,272,072 Revenue: $105,146

LAKESIDE CHARTER ACADEMY IS A NORTH CAROLINA CHARTER SCHOOL THAT WILL CULTIVATE A HIGHLY EFFECTIVE LEADERSHIP ENVIRONMENT THAT ENGAGES, EMBRACES, AND ENRICHES CHILDREN'S STRENGTHS ONE CHILD AT A TIME.

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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 $3,284,795

Program Service Revenue $59,334

Investment Income $0

Other Revenue $45,812

TOTAL REVENUE $3,389,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,944,551

Fundraising Expenses $0

Program Expenses $2,272,072

Other Expenses $1,635,938

TOTAL EXPENSES $3,580,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,389,941	$2,803,630	+0.2%
Expenses	$3,580,489	$2,760,556	+0.3%
Net Income	$-190,548	$43,074	-5.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAFT MORLEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
JASON GUFFEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANGELA HANSEN	SECRETARY	2.00	Officer Director	$0	$0	$0
KELLY HEADD	TREASURER	2.00	Officer Director	$0	$0	$0
VALERIE CROCE	BOARD MEMBER	2.00	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	$3,389,941	$3,580,489	$768,585	$-190,548
2023	$2,803,630	$2,760,556	$15,471,427	$43,074
2022	$2,690,563	$3,568,602	$15,940,176	$-878,039
2021	$2,676,176	$2,201,473	$518,767	$474,703
2020	$1,614,071	$1,505,519	$338,770	$108,552