THOMAS HART ACADEMY (EIN 570523709) - 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

1970

Legal Domicile

Principal Officer

TARA WOODSON

Phone

8433324991

Tax Period

2023-07-01 to 2024-06-30

THOMAS HART ACADEMY, founded in 1970, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

EDUCATIONAL SERVICES FOR GRADES K3-8

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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 $67,402

Program Service Revenue $905,084

Investment Income $1,786

Other Revenue $46,045

TOTAL REVENUE $1,020,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $876,803

Fundraising Expenses $0

Program Expenses $892,177

Other Expenses $332,875

TOTAL EXPENSES $1,209,678

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,020,317	$1,369,241	-0.3%
Expenses	$1,209,678	$1,207,685	+0.0%
Net Income	$-189,361	$161,556	-2.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ANN CHAPMAN	DIRECTOR	N/A	Director	$0	$0	$0
ELIZABETH COXE	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER EVANS	DIRECTOR	N/A	Director	$0	$0	$0
MARGARET FELKEL	DIRECTOR	N/A	Director	$0	$0	$0
VALERIE GARDNER	TREASURER	N/A	Officer Director	$0	$0	$0
JOHN HORLBECK	DIRECTOR	N/A	Director	$0	$0	$0
GEOFF HUGHES	DIRECTOR	N/A	Director	$0	$0	$0
BRANDY JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
LINDSAY POWELL	CHAIRMAN	N/A	Officer Director	$0	$0	$0
WARDIE SANDERS	DIRECTOR	N/A	Director	$0	$0	$0
T SCOTT WILDS	DIRECTOR	N/A	Director	$0	$0	$0
TRAVIS WINDHAM	DIRECTOR	N/A	Director	$0	$0	$0
JOSH WITTEN	DIRECTOR	N/A	Director	$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	No data	No data	No data	No data
2024	$1,020,317	$1,209,678	$1,364,380	$-189,361
2023	$1,369,241	$1,207,685	$1,563,780	$161,556
2022	$1,375,966	$1,122,977	$1,157,730	$252,989
2021	$1,147,157	$1,067,306	$939,932	$79,851
2020	$1,254,285	$963,766	$796,011	$290,519
2019	$1,013,644	$951,430	$439,013	$62,214

THOMAS HART ACADEMY