NEWBERRY ACADEMY INC (EIN 570479013) - 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

1966

Legal Domicile

Principal Officer

SCOTT MAYER

Phone

8032762760

Tax Period

2023-08-01 to 2024-07-31

NEWBERRY ACADEMY INC, founded in 1966, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

TO OPERATE A PRIVATE, INDEPENDENT, K-12 SCHOOL.

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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 $146,534

Program Service Revenue $1,405,323

Investment Income $13,704

Other Revenue $24,974

TOTAL REVENUE $1,590,535

Expense Breakdown

Grants Paid $500

Salaries & Benefits $1,134,943

Fundraising Expenses $0

Program Expenses $1,285,349

Other Expenses $547,846

TOTAL EXPENSES $1,683,289

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,590,535	$2,045,381	-0.2%
Expenses	$1,683,289	$1,636,027	+0.0%
Net Income	$-92,754	$409,354	-1.2%

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

N/A

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

$65,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOYLE WAITES	CHAIRMAN	0.00	Director	$0	$0	$0
WALT SHEALY	MEMBER	0.00	Director	$0	$0	$0
BECKY KINARD	MEMBER	0.00	Director	$0	$0	$0
LINDSAY PIERSOL	MEMBER	0.00	Director	$0	$0	$0
SCOTT JOYNER	VICE-CHAIRMAN	0.00	Director	$0	$0	$0
SCOTT MAYER	FINANCIAL CHAIRMAN	0.00	Director	$0	$0	$0
TIM BAKER	MEMBER	0.00	Director	$0	$0	$0
CHRISTIE WEST	SECRETARY	0.00	Director	$0	$0	$0
GREG EVANS	MEMBER	0.00	Director	$0	$0	$0
TRAVIS GILLIAM	HEAD OF SCHOOL	40.00	Officer	$65,000	$0	$65,000

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
2024	$1,590,535	$1,683,289	$1,580,833	$-92,754
2023	$2,045,381	$1,636,027	$1,727,767	$409,354
2022	$1,711,490	$1,448,778	$1,398,985	$262,712
2021	$1,516,938	$1,102,988	$1,066,545	$413,950
2020	$1,183,937	$1,090,689	$736,830	$93,248
2019	$1,158,525	$1,094,342	$467,213	$64,183
2018	$1,072,915	$1,085,801	$364,049	$-12,886

NEWBERRY ACADEMY INC