EAST LAKE ACADEMY INC (EIN 472976837) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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

2023-01-01 to 2023-12-31

EAST LAKE ACADEMY INC, founded in 2015, is a small nonprofit in the Education sector that reported $406K in total revenue in fiscal year 2018. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 15% operating margin.

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. THE SCHOOL EDUCATES STUDENTS THAT ARE FROM LOW INCOME AND MINORITY HOUSEHOLDS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $359,796

Program Service Revenue $1,354,817

Investment Income $35,521

Other Revenue $114,947

TOTAL REVENUE $1,865,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $917,763

Fundraising Expenses $0

Program Expenses $1,631,272

Other Expenses $927,998

TOTAL EXPENSES $1,845,761

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,865,081	$1,426,107	+0.3%
Expenses	$1,845,761	$1,451,307	+0.3%
Net Income	$19,320	$-25,200	-1.8%

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	BOARD MEMBER	10.00	Director	$0	$0	$0
CAL DODSON	BOARD MEMBER	10.00	Director	$0	$0	$0
BRAD GRAY	BOARD MEMBER	10.00	Director	$0	$0	$0
SCOTT MOODY	BOARD MEMBER	10.00	Director	$0	$0	$0
SAM HENDERSON	BOARD MEMBER	10.00	Director	$0	$0	$0
DARRYL ERIC WHITE	PRESIDENT	10.00	Officer	$0	$0	$0
STEVE FOSTER	VICE PRESIDENT	10.00	Officer	$0	$0	$0
CLARISSA KENTY	SECRETARY	10.00	Officer	$0	$0	$0
BILL HART	TREASURER	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
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

EAST LAKE ACADEMY INC