NANSEMOND SUFFOLK ACADEMY ASSOCIATION INC (EIN 540801408) - 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

1966

Legal Domicile

Principal Officer

MICHAEL BARCLAY

Phone

7575398789

Tax Period

2024-07-01 to 2025-06-30

NANSEMOND SUFFOLK ACADEMY ASSOCIATION INC, founded in 1966, is a mid-sized nonprofit in the Education sector that reported $14.7M in total revenue in fiscal year 2017.

Mission

AT NANSEMOND-SUFFOLK ACADEMY, STUDENTS ARE ENGAGED IN PERSONAL GROWTH, INSPIRED TO DISCOVER THEIR PASSION AND EMPOWERED TO MAKE A DIFFERENCE IN THE WORLD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,891,005

Program Service Revenue $17,875,404

Investment Income $423,208

Other Revenue $109,718

TOTAL REVENUE $24,299,335

Expense Breakdown

Grants Paid $3,050,667

Salaries & Benefits $11,232,457

Fundraising Expenses $404,981

Program Expenses $16,517,165

Other Expenses $5,788,363

TOTAL EXPENSES $20,071,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,299,335	$19,614,985	+0.2%
Expenses	$20,071,487	$19,444,524	+0.0%
Net Income	$4,227,848	$170,461	+23.8%

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

330

Volunteers

100

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

$451,723

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LATRICE BASDEN-CLARKE	TRUSTEE	1.00	Director	$0	$0	$0
LEARLINO BLUITT	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW L BOLLING	TREASURER, FINANCE & AUDIT COMM CHAIR	5.00	Officer Director	$0	$0	$0
WILLIAM BROTHERS	TRUSTEE	1.00	Director	$0	$0	$0
JAMES M COX	TRUSTEE	1.00	Director	$0	$0	$0
HARRY CROSS IV	ADVANCEMENT COMM CHAIR	5.00	Officer Director	$0	$0	$0
TIM CULPEPPER	TRUSTEE	1.00	Director	$0	$0	$0
BETH DEFEO	TRUSTEE	1.00	Director	$0	$0	$0
DR JAMES E HAMMOND	GOVERNANCE COMM CHAIR	5.00	Officer Director	$0	$0	$0
J CARNEY HAWKS	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES BENJAMIN JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
W ASHTON LEWIS JR	VICE CHAIR, INCLUSIVITY & MC COMM CHAIR	5.00	Officer Director	$0	$0	$0
DR ANITHA MALAISAMY	TRUSTEE	1.00	Director	$0	$0	$0
RYAN NELMS	TRUSTEE	1.00	Director	$0	$0	$0
JEANETTE L OJEDA	SECRETARY	5.00	Officer Director	$0	$0	$0
ANDREW RIVENBANK	TRUSTEE	1.00	Director	$0	$0	$0
ROY RUNYON III	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW W SAWYER	BUILDINGS & GROUNDS COMM CHAIR	5.00	Officer Director	$0	$0	$0
JULIA L SLATTERY	TRUSTEE	1.00	Director	$0	$0	$0
VERNON M TOWLER	CHAIRMAN	5.00	Officer Director	$0	$0	$0
WILLIAM MATTHEW TUTTLE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BARCLAY	HEAD OF SCHOOL	50.00	Officer	$262,521	$38,187	$300,708
ANGELA THOMPSON	DIRECTOR OF FIN & ACCT	50.00	Officer	$117,231	$33,784	$151,015

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	$24,299,335	$20,071,487	$24,458,721	$4,227,848
2024	$19,614,985	$19,444,524	$20,314,583	$170,461
2023	$18,442,964	$18,913,922	$19,651,554	$-470,958
2022	$17,664,822	$16,960,538	$19,895,333	$704,284
2021	$16,951,472	$15,252,404	$20,125,407	$1,699,068
2020	$16,070,539	$16,129,438	$19,879,912	$-58,899
2019	$15,380,039	$15,667,155	$18,818,215	$-287,116
2018	$14,704,559	$15,131,110	$18,807,948	$-426,551

NANSEMOND SUFFOLK ACADEMY ASSOCIATION INC