SUSSEX ACADEMY OF ARTS & SCIENCES INC

EIN: 510394512 501(c)(3) Education

GEORGETOWN, DE

Total Revenue
$17,684,071
Total Expenses
$16,982,049
Total Assets
$33,140,486
Net Assets
$-22,029,099
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
DE
Principal Officer
JENNIFER DONAHUE
Phone
3028563636
Tax Period
2024-07-01 to 2025-06-30

SUSSEX ACADEMY OF ARTS & SCIENCES INC, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $17.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $17.0M left a modest 4% surplus.

Mission

THE MISSION OF THE SUSSEX ACADEMY IS TO PREPARE STUDENTS FOR FUTURE ACADEMIC SUCCESS BY PROVIDING AN ACCELERATED, SUPPORTIVE ACADEMIC ENVIRONMENT WITHIN A SMALL SCHOOL 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,699,044
Program Service Revenue $598,253
Investment Income $156,866
Other Revenue $229,908
TOTAL REVENUE $17,684,071

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,158,317
Fundraising Expenses $0
Program Expenses $15,366,836
Other Expenses $3,823,732
TOTAL EXPENSES $16,982,049

Year-over-Year Comparison

2024 2023 Change
Revenue $17,684,071 $15,997,485 +0.1%
Expenses $16,982,049 $16,551,688 +0.0%
Net Income $702,022 $-554,203 -2.3%
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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Governance

Voting Members
13
Independent Members
13
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
4
$103,748
Total Directors
15
$102,996
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHANTE HASTINGS BOARD TREASURER 5.00
Officer Director
$0 $0 $0
ED HALE BOARD VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
AMY GOODHUE BOARD MEMBER 5.00
Director
$0 $0 $0
JILL GREEN BOARD MEMBER 5.00
Director
$0 $0 $0
ADRIAN MOBILIA BOARD MEMBER 5.00
Director
$0 $0 $0
JENNIFER DONAHUE BOARD PRESIDENT 5.00
Officer Director
$0 $0 $0
PATCHES HILL BOARD MEMBER 5.00
Director
$0 $0 $0
LANCE MANLOVE BOARD MEMBER 5.00
Director
$0 $0 $0
MEGAN REED 7124-123124 TEACHER REPRESENTATIVE 40.00
Director
$40,678 $25,696 $66,374
JUSTINA THOMAS BOARD MEMBER 5.00
Director
$0 $0 $0
ERIN PERCHINIAK BOARD MEMBER 5.00
Director
$0 $0 $0
CHRISTOPHER MOODY BOARD MEMBER EMERITUS 5.00
Director
$0 $0 $0
LAUREN HVORECNY 22824-63024 TEACHER REPRESENTATIVE 40.00
Director
$24,426 $12,196 $36,622
TOM CLARK BOARD MEMBER 5.00
Director
$0 $0 $0
JOSEPH SCHELL BOARD MEMBER EMERITUS 5.00
Director
$0 $0 $0
KYLE BENTLEY HEAD OF SCHOOL 40.00
Officer
$71,613 $32,135 $103,748
JANET OWENS ASST DEAN MIDDLE/HIGH SCHO 40.00
Highest
$125,510 $46,173 $171,683
CONNIE HENDRICKS DEAN OF ELEMENTARY SCHOOL 40.00
Highest
$113,498 $37,796 $151,294
SHERRY MACBURY DEAN OF MIDDLE/HIGH SCHOOL 40.00
Highest
$121,758 $23,704 $145,462
JEFFREY SHADE DIRECTOR OF INFORMATION TE 40.00
Highest
$110,872 $54,274 $165,146
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 $17,684,071 $16,982,049 $33,140,486 $702,022
2024 $15,997,485 $16,551,688 $34,856,777 $-554,203
2023 $14,858,933 $17,293,494 $37,346,572 $-2,434,561
2022 $13,826,672 $15,900,212 $42,610,221 $-2,073,540
2021 $13,402,937 $15,213,221 $14,695,491 $-1,810,284
2020 $9,943,100 $11,099,385 $9,499,536 $-1,156,285
2019 $9,163,480 $10,059,743 $7,748,724 $-896,263
2018 $8,364,400 $8,976,271 $6,675,868 $-611,871
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