MARLBORO ACADEMY INC

EIN: 570516820 501(c)(3) Education

BENNETTSVILLE, SC

Total Revenue
$2,358,827
Total Expenses
$2,333,977
Total Assets
$2,912,380
Net Assets
$2,126,250
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
SC
Principal Officer
ED HERRING
Phone
8434796501
Tax Period
2024-07-01 to 2025-06-30

MARLBORO ACADEMY INC, founded in 1969, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE EDUCATIONAL SERVICES FOR GRADE K-12 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,433
Program Service Revenue $2,234,620
Investment Income $10,616
Other Revenue $102,158
TOTAL REVENUE $2,358,827

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,369,829
Fundraising Expenses $50
Program Expenses $2,051,940
Other Expenses $964,148
TOTAL EXPENSES $2,333,977

Year-over-Year Comparison

2024 2023 Change
Revenue $2,358,827 $1,865,573 +0.3%
Expenses $2,333,977 $2,099,898 +0.1%
Net Income $24,850 $-234,325 -1.1%
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
9
Independent Members
9
Employees
69
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
6
$106,855
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SULLY BLAIR MEMBER 1.00
Director
$0 $0 $0
ERIC HERNDON MEMBER 1.00
Director
$0 $0 $0
ALLEN TAYLOR MEMBER 1.00
Director
$0 $0 $0
ED ROSS MEMBER 1.00
Director
$0 $0 $0
BILLY COVINGTON MEMBER 1.00
Director
$0 $0 $0
DOC STILLWELL TREASURER 1.00
Officer
$0 $0 $0
AMY SLOOP HEAD OF SCHOOL 40.00
Officer
$62,500 $0 $62,500
STACEY NEWTON BUSINESS MANAGER 40.00
Officer
$44,355 $0 $44,355
SHEILA LILES SECRETARY 1.00
Officer
$0 $0 $0
ED HERRING PRESIDENT 4.00
Officer
$0 $0 $0
CHRISTY LAND VICE PRESIDENT 1.00
Officer
$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 $2,358,827 $2,333,977 $2,912,380 $24,850
2024 $1,865,573 $2,099,898 $2,814,124 $-234,325
2023 $2,017,855 $2,044,773 $3,003,187 $-26,918
2022 $2,758,872 $1,880,465 $3,037,354 $878,407
2021 $1,554,668 $1,609,531 $2,154,617 $-54,863
2020 $1,482,407 $1,623,300 $2,117,167 $-140,893
2019 $1,727,074 $1,749,510 $2,128,199 $-22,436
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