SALISBURY ACADEMY (EIN 561826817) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Principal Officer

MRS BEVERLY FOWLER

Phone

7046363002

Tax Period

2024-07-01 to 2025-06-30

SALISBURY ACADEMY, founded in 1993, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $4.2M left a modest 13% surplus.

Mission

TO PROVIDE AN ENRICHING AND CHALLENGING CURRICULUM AND EDUCATIONAL COMMUNITY WHICH ENCOURAGES STUDENTS TO BE LIFE-LONG LEARNERS, DEVELOP STRONG CHARACTER, SERVE THEIR COMMUNITY, AND DEEPEN THEIR FAITH.

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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 $884,161

Program Service Revenue $3,475,874

Investment Income $58,631

Other Revenue $461,173

TOTAL REVENUE $4,879,839

Expense Breakdown

Grants Paid $428,900

Salaries & Benefits $2,548,596

Fundraising Expenses $84,295

Program Expenses $3,251,722

Other Expenses $1,251,242

TOTAL EXPENSES $4,228,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,879,839	$3,412,455	+0.4%
Expenses	$4,228,738	$3,568,953	+0.2%
Net Income	$651,101	$-156,498	-5.2%

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

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

$278,501

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACI WILLIAMS	CHAIR	4.00	Officer Director	$0	$0	$0
GREG SHIELDS	VICE CHAIR	4.00	Officer Director	$0	$0	$0
WHITNEY WALLACE	SECRETARY	4.00	Officer Director	$0	$0	$0
KYLE YODER	TREASURER	4.00	Officer Director	$0	$0	$0
DELAINE FOWLER	BOARD MEMBER	4.00	Director	$0	$0	$0
MARK PETTY	BOARD MEMBER	4.00	Director	$0	$0	$0
CHAMARRA SANER-CHILDERS	BOARD MEMBER	4.00	Director	$0	$0	$0
JAMES DAVIS	BOARD MEMBER	4.00	Director	$0	$0	$0
HANNAH JACOBSON	BOARD MEMBER	4.00	Director	$0	$0	$0
LISA POPE	BOARD MEMBER	4.00	Director	$0	$0	$0
VINCIA MILLER	BOARD MEMBER	4.00	Director	$0	$0	$0
FRAN MISNER	BOARD MEMBER	4.00	Director	$0	$0	$0
TONY ALMEIDA	BOARD MEMBER	4.00	Director	$0	$0	$0
MRS BEVERLY FOWLER	HEAD OF SCHOOL	40.00	Officer	$190,783	$5,418	$196,201
SHANNON MCCOY	DIRECTOR OF FINANCE	40.00	Officer	$75,190	$7,110	$82,300

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	$4,879,839	$4,228,738	$4,979,943	$651,101
2024	No data	No data	No data	No data
2023	$4,264,953	$2,906,755	$4,243,743	$1,358,198
2022	$2,980,333	$2,698,710	$2,726,338	$281,623
2021	$2,322,302	$2,297,563	$2,873,259	$24,739
2020	$2,287,709	$2,330,626	$2,787,874	$-42,917
2019	$2,429,257	$2,427,323	$2,877,983	$1,934
2018	$2,389,161	$2,302,814	$2,874,346	$86,347

SALISBURY ACADEMY