MIRACLE MEADOWS SCHOOL INC

EIN: 550687742 501(c)(3)

Hendersonville, NC

Total Revenue
$106,077
Total Expenses
$55,051
Total Assets
N/A
Net Assets
N/A
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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
1988
Legal Domicile
WV
Principal Officer
Kingsley Whitsett
Tax Period
2021-07-01 to 2022-06-30

MIRACLE MEADOWS SCHOOL INC, founded in 1988, is a small nonprofit that reported $106K in total revenue in fiscal year 2021. Revenue surged 3863% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 48% operating margin.

Mission

No school program was operated during the course of this year, since the school is closed. We maintained staff needed to caretake the campus until liquidation of the property/assets was completed. Property sale transpired in July, 2021. Closing of corporation has now been finalized.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

See above; school closed

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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 (2021)

Revenue Breakdown

Contributions & Grants $100
Program Service Revenue $0
Investment Income $105,977
Other Revenue $0
TOTAL REVENUE $106,077

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,825
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,226
TOTAL EXPENSES $55,051

Year-over-Year Comparison

2021 2020 Change
Revenue $106,077 $2,677 +38.6%
Expenses $55,051 $95,977 -0.4%
Net Income $51,026 $-93,300 -1.5%
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

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Governance

Voting Members
5
Independent Members
3
Employees
2
Volunteers
2

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
$50,000
Total Directors
5
$50,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sunith Das Secretary/Executive Director 0
Officer Director
$28,000 $0 $28,000
Millie Das Director 0
Officer Director
$22,000 $0 $22,000
Kingsley Whitsett President 0
Officer Director
$0 $0 $0
Ken Miller Treasurer 0
Officer Director
$0 $0 $0
David Meyer Director 0
Director
$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
2022 $106,077 $55,051 No data $51,026
2021 $2,677 $95,977 $439,171 $-93,300
2020 $13,443 $66,771 $443,629 $-53,328
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