THE ACADEMY AT TRUE SANCTUARY OF P… - Form 990 Financial Data

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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

DWAYNE C PERRY

Phone

8133195862

Tax Period

2020-07-01 to 2021-06-30

THE ACADEMY AT TRUE SANCTUARY OF PRAISE, founded in 2014, is a small nonprofit in the Religion sector that reported $615K in total revenue in fiscal year 2020. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 19% operating margin.

Mission

Organization Mission

Program Service Accomplishments

Program 1

Expenses: $438,488 Revenue: $510,430

THE SPECIFIC PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO ESTABLISH AND MAINTAIN A CHILD/DAYCARE CENTER, AND OPERATE A CHRISTIAN K-12 SCHOOL. ALSO, TO ENGAGE IN ACTIVITIES WHICH ARE...

THE SPECIFIC PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO ESTABLISH AND MAINTAIN A CHILD/DAYCARE CENTER, AND OPERATE A CHRISTIAN K-12 SCHOOL. ALSO, TO ENGAGE IN ACTIVITIES WHICH ARE NECESSARY, SUITABLE, OR CONVENIENT FOR THE ACCOMPLISHMENT OF THAT PURPOSE, OR WHICH ARE INCIDENTAL THERETO OR CONNECTED THEREWITH WHICH ARE CONSISTENT WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THIS CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3), INTERNAL REVENUE CODE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $104,660

Program Service Revenue $510,418

Investment Income $12

Other Revenue $0

TOTAL REVENUE $615,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $359,537

Fundraising Expenses $0

Program Expenses $438,488

Other Expenses $138,969

TOTAL EXPENSES $498,506

Year-over-Year Comparison

	2020	2019	Change
Revenue	$615,090	$475,908	+0.3%
Expenses	$498,506	$469,111	+0.1%
Net Income	$116,584	$6,797	+16.2%

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

N/A

Employees

N/A

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

$87,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWAYNE C PERRY	PRESIDENT	40.00	Officer	$12,832	$47,168	$60,000
ESTHER MARCELLUS - PERRY	VICE PRESIDENT	40.00	Officer	$27,600	$0	$27,600
SEAN HENDLEY	DIRECTOR	N/A	Officer	$0	$0	$0
SABRINA HENDLEY	DIRECTOR	N/A	Officer	$0	$0	$0
ANGELINA GEORGE	DIRECTOR	N/A	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
2021	$615,090	$498,506	$165,806	$116,584

THE ACADEMY AT TRUE SANCTUARY OF PRAISE