TRIDENT ACADEMY INC

EIN: 570542727 501(c)(3) Education

MT PLEASANT, SC

Total Revenue
$3,066,011
Total Expenses
$2,743,002
Total Assets
$1,744,053
Net Assets
$1,291,745
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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
SC
Principal Officer
BETSY FANNING
Phone
8438847046
Tax Period
2023-06-01 to 2024-05-31

TRIDENT ACADEMY INC, founded in 1972, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.7M left a modest 11% surplus.

Mission

TRIDENT ACADEMY, THROUGH INDIVIDUALIZED, MULTI-SENSORY AND RESEARCH-BASED TEACHING APPROACHES, TRANSFORMS THE LIVES OF COGNITIVELY CAPABLE K-12 CHILDREN DIAGNOSED WITH LEARNING DIFFERENCES.

Program Service Accomplishments

Program 1
Expenses: $2,164,935 Revenue: $1,841,070

FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIESTRIDENT ACADEMY, THROUGH INDIVIDUALIZED, MULTI-SENSORY, AND RESEARCH-BASED TEACHINGAPPROACHES, TRANSFORMS THE LIVES OF COGNITIVELY...

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FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIESTRIDENT ACADEMY, THROUGH INDIVIDUALIZED, MULTI-SENSORY, AND RESEARCH-BASED TEACHINGAPPROACHES, TRANSFORMS THE LIVES OF COGNITIVELY CAPABLE K-12 CHILDREN DIAGNOSED WITH LEARNING DIFFERENCES.TRIDENT ACADEMY IS A SPECIAL PLACE! WE OFFER AN INDIVIDUALIZED DIAGNOSTIC AND PRESCRIPTIVE APPROACH THAT GIVES OUR STUDENTS THE CONFIDENCE AND TOOLS THEY NEED TO SUCCEED HERE AND WHEN TRANSITIONING BACK INTO MORE TRADITIONAL SCHOOL SETTINGS. TRIDENT ACADEMY TRULY FILLS ACRITICAL NEED IN THE LIVES OF OUR STUDENTS AND FAMILIES!AT TRIDENT ACADEMY, WE UNDERSTAND THAT STUDENTS WHO LEARN DIFFERENTLY NEEDTO BE TAUGHT DIFFERENTLY. OUR TEACHERS EMPLOY THE ORTON-GILLINGHAM (OG)APPROACH IN ALL CLASSES WHICH OFFERS A VERY STRUCTURED, DIAGNOSTIC ANDPRESCRIPTIVE APPROACH TO IDENTIFYING AND WORKING WITH EACH STUDENTSINDIVIDUAL NEEDS. STUDENTS ARE TAUGHT TRADITIONAL SUBJECTS USING VARIOUSMULTI-SENSORY TECHNIQUES, EXPERIENCES OUTSIDE OF THE CLASSROOM THATCORRESPOND TO RELEVANT SUBJECT MATTER AND VIA THE INCORPORATION OFASSISTIVE TECHNOLOGY.OUR STUDENT POPULATION IS SMALL COMPARED TO TRADITIONAL SCHOOLS - WE HAD 63STUDENTS IN OUR PROGRAM FOR 2023-2024; HOWEVER, THIS IS BY DESIGN. WEBELIEVE THAT NOT ONLY DOES SMALL CLASSROOM SIZE AND INDIVIDUALIZEDINSTRUCTION HELP OUR STUDENTS BECOME BETTER LEARNERS, BUT IT ALSO HELPSTHEM BUILD CONFIDENCE AND SELF-AWARENESS.RESEARCH OVER THE LAST 25 YEARS SHOWS THE STRIDES STUDENTS CAN MAKE INTHEIR TEST SCORES IN AN AVERAGE ACADEMIC YEAR AT TRIDENT ACADEMY.ANALYZING STANDARDIZED PRE- AND POST- TEST SCORES during the 2023-2024 school year, OUR STUDENTS:VOCABULARY SCORES INCREASED 17.5%COMPREHENSION SCORES INCREASED 25.3%MATHEMATICS SCORES INCREASED 9.70%THE TRIDENT ACADEMY PARENT'S ASSOCIATION (TAPA) RAISES FUNDS AND SUPPORTSCOMMUNITY BUILDING ACTIVITIES LIKE THE FALL FESTIVAL & FIELD DAY. ITRAISES FUNDS THROUGH VARIOUS MEANS SUCH AS PRODUCT SALES AND EVENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $834,169
Program Service Revenue $1,841,070
Investment Income $3,037
Other Revenue $387,735
TOTAL REVENUE $3,066,011

Expense Breakdown

Grants Paid $147,213
Salaries & Benefits $1,740,129
Fundraising Expenses $148,970
Program Expenses $2,164,935
Other Expenses $855,660
TOTAL EXPENSES $2,743,002

Year-over-Year Comparison

2023 2022 Change
Revenue $3,066,011 $2,729,259 +0.1%
Expenses $2,743,002 $2,357,056 +0.2%
Net Income $323,009 $372,203 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
46
Volunteers
30

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
4
$188,855
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETSY FANNING HEADMASTER 40.00
Officer
$165,000 $23,855 $188,855
BRANDIE D'ORAZIO Trustee 2.50
Director
$0 $0 $0
ERIK GLASER Treasurer 2.50
Officer Director
$0 $0 $0
COL MYRON C HARRINGTON JR Trustee 0.50
Director
$0 $0 $0
DIANE TUASIG Vice President 2.50
Officer Director
$0 $0 $0
MIKE JERESATY President 2.00
Officer Director
$0 $0 $0
SHARON STEWART Trustee 0.50
Director
$0 $0 $0
ANDREA MARTIN Secretary 0.50
Director
$0 $0 $0
ANDY RANKIN Trustee 0.50
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
2024 $3,066,011 $2,743,002 $1,744,053 $323,009
2023 $2,713,378 $2,452,357 $1,476,755 $261,021
2023 $2,423,202 $2,363,922 $1,043,618 $59,280
2022 $2,058,430 $1,955,050 $1,027,585 $103,380
2021 $1,984,366 $1,857,170 $1,387,621 $127,196
2020 $2,110,389 $2,087,790 $1,009,824 $22,599
2019 $2,283,424 $2,305,212 $646,029 $-21,788
2018 $2,307,269 $2,262,225 $723,447 $45,044
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