SCHELASTIC ACADEMY

EIN: 473272404 501(c)(3) Education

ARLINGTON, TX

Total Revenue
$257,477
Total Expenses
$231,735
Total Assets
$74,228
Net Assets
$48,179
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
TX
Principal Officer
LAURA GALINDO
Phone
8175615255
Tax Period
2024-07-01 to 2025-06-30

SCHELASTIC ACADEMY, founded in 2020, is a small nonprofit in the Education sector that reported $257K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $232K left a modest 10% surplus.

Mission

THE ORGANIZATIONS MISSION IS TO PROVIDE QUALITY EDUCATION TO STUDENTS IN A SUPPORTIVE AND INCLUSIVE LEARNING ENVIORNMENT. THE SCHOOL FOCUSES ON ACADEMIC EXCELLENCE, CHARACTER DEVELOPMENT AND ENRICHMENT PROGRAMS THATA PREPARE STUDENTS FOR FUTURE SUCCESS. ACTIVIITES INCLUDE CLASSROOM INSTRUCTION, EXTRACURRICULAR PROGRAMS AND COMMUNITY ENGAGEMENT DESIGNED TO SUPPORT THE INTELLECTUAL, SOCIAL AND EMOTIONAL GROWTH OF ITS STUDENTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,953
Program Service Revenue $239,524
Investment Income $0
Other Revenue $0
TOTAL REVENUE $257,477

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,485
Fundraising Expenses $0
Program Expenses $139,481
Other Expenses $165,250
TOTAL EXPENSES $231,735

Year-over-Year Comparison

2024 2023 Change
Revenue $257,477 $231,463 +0.1%
Expenses $231,735 $213,132 +0.1%
Net Income $25,742 $18,331 +0.4%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
5

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
1
$31,250
Total Directors
1
$600
Key Employees
1
$11,450
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA GALINDO FOUNDER AND DIRECTOR 060.00
Officer
$31,250 $0 $31,250
EPHRAIM SKINNER TREASURER 030.00
Key Emp
$11,450 $0 $11,450
GEORGE GALINDO BOARD MEMBER 020.00
Director
$600 $0 $600
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 $257,477 $231,735 $74,228 $25,742
2024 $231,463 $213,132 $81,733 $18,331
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