SOUTHGATE ACADEMY INC (EIN 470898555) - 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

2002

Legal Domicile

Principal Officer

Sherry Hasson

Phone

5207417900

Tax Period

2024-07-01 to 2025-06-30

SOUTHGATE ACADEMY INC, founded in 2002, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $5.9M exceeded revenue, resulting in a 17% operating deficit.

Mission

Southgate Academy's mission is to successfully promote a higher standard of education, establish a safe environment for learning and social development, and enable students to become life-long responsible citizens

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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 $857,141

Program Service Revenue $4,210,652

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,067,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,072,808

Fundraising Expenses $0

Program Expenses $4,112,424

Other Expenses $2,836,559

TOTAL EXPENSES $5,909,367

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,067,793	$6,917,126	-0.3%
Expenses	$5,909,367	$7,103,351	-0.2%
Net Income	$-841,574	$-186,225	+3.5%

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

N/A

Employees

108

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

$305,621

Total Directors

$305,621

Key Employees

$245,621

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sherry Hasson	Director	40	Officer Director Key Emp Highest	$131,333	$0	$131,333
Sylvia Calmelat	Superintendent	40	Officer Director Key Emp	$114,288	$0	$114,288
Rebecca Islas	Student Support	40	Director	$60,000	$0	$60,000
Naomi Borboa	Nutritional Supervisor	40	Officer	$60,000	$0	$60,000

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	$5,067,793	$5,909,367	$12,927,887	$-841,574
2024	$6,917,126	$7,103,351	$14,607,745	$-186,225
2023	$7,005,693	$6,973,835	$15,436,337	$31,858
2022	$6,743,290	$6,946,176	$16,262,132	$-202,886
2021	$7,653,229	$6,525,401	$16,946,734	$1,127,828
2020	$6,262,846	$5,857,436	$17,278,624	$405,410
2019	$6,032,193	$6,279,698	$16,979,792	$-247,505
2018	$5,634,477	$5,544,100	$17,783,380	$90,377

SOUTHGATE ACADEMY INC