THOMAS SUMTER ACADEMY INC (EIN 570447528) - 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

1964

Legal Domicile

Principal Officer

BEN HEROD

Phone

8034993396

Tax Period

2024-07-01 to 2025-06-30

THOMAS SUMTER ACADEMY INC, founded in 1964, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $4.2M left a modest 14% surplus.

Mission

TO EDUCATE STUDENTS.

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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 $514,339

Program Service Revenue $3,871,980

Investment Income $60,490

Other Revenue $421,053

TOTAL REVENUE $4,867,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,626,622

Fundraising Expenses $78,804

Program Expenses $2,894,425

Other Expenses $1,548,459

TOTAL EXPENSES $4,175,081

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,867,862	$4,269,097	+0.1%
Expenses	$4,175,081	$3,894,365	+0.1%
Net Income	$692,781	$374,732	+0.8%

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

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
BJ REED	BOARD MEMBER	000.50	Director	$0	$0	$0
CHRISTOPHER BEAUDET	BOARD MEMBER	000.50	Director	$0	$0	$0
MICHAEL HILL	BOARD MEMBER	000.50	Director	$0	$0	$0
BRIAN SPILKER	BOARD MEMBER	000.50	Director	$0	$0	$0
KATE STINES	BOARD MEMBER	000.50	Director	$0	$0	$0
JUSTIN WALSH	BOARD MEMBER	000.50	Director	$0	$0	$0
DESEREE ALLEN	VICE CHAIR	000.50	Officer	$0	$0	$0
PAUL FONT	TREASURER	000.50	Officer	$0	$0	$0
JODY BRAZELL	CHAIRMAN	000.50	Officer	$0	$0	$0
BEN HEROD	HEADMASTER	040.00	Key Emp	$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	$4,867,862	$4,175,081	$4,483,176	$692,781
2024	$4,269,097	$3,894,365	$3,756,067	$374,732
2023	$3,874,772	$3,806,852	$3,412,093	$67,920
2022	$3,585,727	$3,113,432	$3,149,808	$472,295
2021	$3,204,726	$2,833,070	$2,903,321	$371,656

THOMAS SUMTER ACADEMY INC