SULLINS ACADEMY

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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

1971

Legal Domicile

Principal Officer

JON WEATHERLY

Phone

2766694101

Tax Period

2024-07-01 to 2025-06-30

SULLINS ACADEMY, founded in 1971, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 4% surplus.

Mission

TO ENSURE SUCCESS FOR OUR CHILDREN IN THE GLOBAL COMMUNITY, THE MISSION OF SULLINS ACADEMY IS TO PROVIDE A POSITIVE EDUCATIONAL ENVIRONMENT, FOSTERING ACADEMIC EXCELLENCE WHILE MAINTAINING A COMMITMENT TO THE CORE VALUES OF INTEGRITY, HONESTY, RESPECT, RESPONSIBILITY AND SERVICE TO OTHERS. WE DEVELOP MINDS AND CHARACTER.

Program Service Accomplishments

Program 1

Expenses: $1,717,510 Revenue: $1,501,310

CREATE AN ATMOSPHERE OF ACADEMIC EXCELLENCE FOR CHILDREN FROM PRESCHOOL TO EIGHTH GRADE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $79,213

Program Service Revenue $1,501,310

Investment Income $647,934

Other Revenue $54,453

TOTAL REVENUE $2,282,910

Expense Breakdown

Grants Paid $141,941

Salaries & Benefits $1,473,805

Fundraising Expenses $49,466

Program Expenses $1,717,510

Other Expenses $574,993

TOTAL EXPENSES $2,190,739

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,282,910	$2,077,393	+0.1%
Expenses	$2,190,739	$2,385,906	-0.1%
Net Income	$92,171	$-308,513	-1.3%

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

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

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

$161,108

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA BUSSCHER	DIRECTOR	2.00	Director	$0	$0	$0
WILL JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
LINDA BRITTLE	DIRECTOR	2.00	Director	$0	$0	$0
ERIN HOFFMAN	TREASURER	2.00	Officer Director	$0	$0	$0
BETHANY ARNOLD	SECRETARY	2.00	Officer Director	$0	$0	$0
JON WEATHERLY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ROY VERMILLION	HEAD OF SCHOOL	45.00	Officer	$74,722	$6,618	$81,340
TWANA MEADE	ASSOC. HEAD FOR BUSINESS A	50.00	Officer	$77,240	$2,528	$79,768

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	$2,282,910	$2,190,739	$8,130,706	$92,171
2024	$2,077,393	$2,385,906	$8,329,398	$-308,513
2023	$2,322,362	$2,258,624	$8,277,653	$63,738
2022	$1,941,411	$1,955,771	$7,992,123	$-14,360
2021	$2,361,394	$1,823,116	$8,311,144	$538,278
2020	$1,630,902	$1,725,845	$7,226,371	$-94,943
2019	$1,699,553	$1,716,546	$7,040,619	$-16,993
2018	$1,775,759	$1,772,331	$6,923,753	$3,428