EAST LAKE 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

2015

Legal Domicile

Principal Officer

DARRYL WHITE

Phone

2058345433

Tax Period

2025-01-01 to 2025-07-31

EAST LAKE ACADEMY INC, founded in 2015, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2025. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 24% operating deficit.

Mission

EAST LAKE ACADEMY, INC IS A NON-PROFIT CORPORATION ORGANIZED EXCLUSIVELY TO RECEIVE AND ADMINISTER FUNDS FOR EDUCATIONAL AND CHARITABLE PURPOSES TO A PRIVATE CHRISTIAN SCHOOL IN THE EAST LAKE/ROEBUCK COMMUNITY OF BIRMINGHAM, ALABAMA.

Program Service Accomplishments

Program 1

Expenses: $1,026,161 Revenue: $560,129

THE ENTITY'S MAIN SOURCE OF REVENUE IS DERIVED FROM UNRESTRICTED DONATIONS FROM OUTSIDE DONORS. THIS REVENUE WILL BE USED TO PROVIDE A SAFE AND SECURE SCHOOL BUILDING AND ENVIRONMENT AIMED AT...

THE ENTITY'S MAIN SOURCE OF REVENUE IS DERIVED FROM UNRESTRICTED DONATIONS FROM OUTSIDE DONORS. THIS REVENUE WILL BE USED TO PROVIDE A SAFE AND SECURE SCHOOL BUILDING AND ENVIRONMENT AIMED AT EMPLOYING TEACHERS COMMITTED TO HELPING DEVELOP STUDENTS, PROVIDING QUALITY EDUCATION BASED ON MERIT, TEACHING KIDS TO BE SELF SUFFICIENT, INCORPORATING SUCCESSFUL STRATEGIES OF LEARNING AND CULTIVATING A CHRIST CENTERED SETTING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $334,054

Program Service Revenue $559,190

Investment Income $939

Other Revenue $145,860

TOTAL REVENUE $1,040,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $746,992

Fundraising Expenses $0

Program Expenses $1,026,161

Other Expenses $544,612

TOTAL EXPENSES $1,291,604

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,040,043	$1,782,187	-0.4%
Expenses	$1,291,604	$2,046,363	-0.4%
Net Income	$-251,561	$-264,176	0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID COBBIN	SECRETARY	10.00	Director	$0	$0	$0
SCOTT MOODY	VICE PRESIDENT	10.00	Director	$0	$0	$0
SAM HENDERSON	BOARD MEMBER	10.00	Director	$0	$0	$0
NORMA ENGLISH	BOARD MEMBER	10.00	Director	$0	$0	$0
DARRYL ERIC WHITE	BOARD MEMBER	10.00	Officer	$0	$0	$0
STEVE FOSTER	PRESIDENT	10.00	Officer	$0	$0	$0
CLARISSA KENTY	BOARD MEMBER	10.00	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
2025	$1,040,043	$1,291,604	$476,680	$-251,561
2024	No data	No data	No data	No data
2023	$1,865,081	$1,845,761	$528,207	$19,320
2022	$1,426,107	$1,451,307	$414,966	$-25,200
2021	$1,158,387	$1,028,194	$460,176	$130,193
2020	$820,880	$840,558	$322,124	$-19,678
2020	$792,986	$789,499	$345,289	$3,487
2019	$752,946	$556,928	$320,594	$196,018
2018	$406,477	$344,578	$136,954	$61,899