Westminster Academy Inc (EIN 541426443) - 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

1996

Legal Domicile

Phone

8042854523

Tax Period

2024-08-01 to 2025-07-31

WESTMINSTER ACADEMY INC, founded in 1996, is a small nonprofit that reported $427K in total revenue in fiscal year 2019.

Mission

To operate an educational facility for approximately 190 children. To provide a good education and sound develpmental activities.

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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 $3,900

Program Service Revenue $441,880

Investment Income $5,652

Other Revenue $0

TOTAL REVENUE $451,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $412,972

Fundraising Expenses $0

Program Expenses $341,743

Other Expenses $80,978

TOTAL EXPENSES $493,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$451,432	$518,084	-0.1%
Expenses	$493,950	$525,626	-0.1%
Net Income	$-42,518	$-7,542	+4.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leah Ayers	Director	0.00	Director	$0	$0	$0
David Glassbrook	Director	0.00	Director	$0	$0	$0
Emily Morgan	Director	0.00	Director	$0	$0	$0
Rebekah DeRoco	DirectorSchool Administrator	2.00	Director	$0	$0	$0
David Huguet	Director	0.00	Director	$0	$0	$0
Charleen Huguet	Director	0.00	Director	$0	$0	$0
Alexander Yancey	Director	0.00	Director	$0	$0	$0
Darin Smith	Chairman	2.00	Officer	$0	$0	$0
Cary Ayers	Vice-Chairman	2.00	Officer	$0	$0	$0
Christi Glassbrook	Secretary	1.00	Officer	$0	$0	$0
Tim Morgan	Treasurer	2.00	Officer	$0	$0	$0
Mary Anne Easterling	Director	0.00	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
2025	$451,432	$493,950	$630,106	$-42,518
2024	$518,084	$525,626	$240,663	$-7,542
2023	$505,743	$479,246	$270,141	$26,497
2022	$439,799	$435,786	$267,726	$4,013
2021	$436,248	$421,455	$228,053	$14,793
2020	$427,213	$422,377	$161,149	$4,836

Westminster Academy Inc