THE BEAUFORT ACADEMY INC (EIN 570474292) - 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

1965

Legal Domicile

Principal Officer

PATRICK MITCHELL

Phone

8435243393

Tax Period

2023-07-01 to 2024-06-30

THE BEAUFORT ACADEMY INC, founded in 1965, is a community nonprofit in the Education sector that reported $4.7M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

THE ACADEMY IS A PRIVATE COEDUCATIONAL INDEPENDENT COLLEGE PREPARATORY SCHOOL WITH PRE-KINDERGARTEN THROUGH TWELFTH GRADE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $289,138

Program Service Revenue $4,069,806

Investment Income $15,245

Other Revenue $287,500

TOTAL REVENUE $4,661,689

Expense Breakdown

Grants Paid $755,876

Salaries & Benefits $2,638,581

Fundraising Expenses $0

Program Expenses $3,499,752

Other Expenses $1,382,679

TOTAL EXPENSES $4,777,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,661,689	$4,980,656	-0.1%
Expenses	$4,777,136	$4,940,797	0.0%
Net Income	$-115,447	$39,859	-3.9%

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

100

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

$75,096

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE LAMM	SECRETARY	2.00	Officer Director	$0	$0	$0
HOPE FREEMAN	TRUSTEE	2.00	Director	$0	$0	$0
F TERRY KREMIAN	TREASURER	2.00	Officer Director	$0	$0	$0
SALLY DENNIS	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK MITCHELL	PRESIDENT	2.00	Officer Director	$0	$0	$0
GARY VAN GYSEL	TRUSTEE	2.00	Director	$0	$0	$0
DAVID WILLINGHAM	TRUSTEE	2.00	Director	$0	$0	$0
JEFF WEBER	TRUSTEE	2.00	Director	$0	$0	$0
PORTIA SILER	TRUSTEE	2.00	Director	$0	$0	$0
MARY JONES	TRUSTEE	2.00	Director	$0	$0	$0
KEY KEELER	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN STINGER	TRUSTEE	2.00	Director	$0	$0	$0
DUSTIN WHETSEL	TRUSTEE	2.00	Director	$0	$0	$0
CAROL ANN RICHARDS	HEAD OF SCHOOL	40.00	Officer	$75,096	$0	$75,096

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	No data	No data	No data	No data
2024	$4,661,689	$4,777,136	$4,363,481	$-115,447
2023	$4,980,656	$4,940,797	$4,488,843	$39,859
2022	$5,223,487	$5,221,443	$4,395,636	$2,044
2022	$5,353,337	$5,298,633	$4,477,653	$54,704
2021	$5,231,708	$4,971,347	$5,111,720	$260,361
2021	$6,829,670	$5,710,664	$5,186,167	$1,119,006
2020	$3,854,645	$4,787,610	$4,233,157	$-932,965
2019	$3,298,310	$4,017,239	$4,112,993	$-718,929
2018	$3,506,792	$3,602,609	$4,251,548	$-95,817

THE BEAUFORT ACADEMY INC