SEA PINES MONTESSORI ACADEMY

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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

1968

Legal Domicile

Principal Officer

CHRISTY MORGAN

Phone

8437852534

Tax Period

2024-08-01 to 2025-01-31

SEA PINES MONTESSORI ACADEMY, founded in 1968, is a small nonprofit that reported $927K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring.

Mission

OUR MISSION IS TO PROVIDE EACH CHILD WITH THE BEST FOUNDATION FOR CHARACTER DEVELOPMENT AND ACADEMIC DISCOVERY WHILE PROMOTING LEADERSHIP AND CONFIDENCE.

Program Service Accomplishments

Program 1

Expenses: $739,704 Revenue: $819,781

VARIOUS COSTS ASSOCIATED WITH PROGRAMS WHICH PROVIDE A MONTESSORI-BASED EDUCATION TO STUDENTS OF THE SCHOOL/ORGANIZATION. SEE COLUMN B OF PAGE 10 FOR FURTHER DETAILS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $92,505

Program Service Revenue $818,829

Investment Income $-52,654

Other Revenue $67,832

TOTAL REVENUE $926,512

Expense Breakdown

Grants Paid $53,439

Salaries & Benefits $699,112

Fundraising Expenses $7,747

Program Expenses $739,704

Other Expenses $186,692

TOTAL EXPENSES $939,243

Year-over-Year Comparison

	2024	2023	Change
Revenue	$926,512	$2,345,234	-0.6%
Expenses	$939,243	$2,423,204	-0.6%
Net Income	$-12,731	$-77,970	-0.8%

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

$72,702

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABBIE KELLY	SECRETARY	2.00	Director	$0	$0	$0
JAY SUDOWSKI	TREASURER	2.00	Director	$0	$0	$0
CHRIS BARBEE	MEMBER	2.00	Director	$0	$0	$0
KERI OLIVETTI	MEMBER	2.00	Director	$0	$0	$0
SYDNEY HITCHCOCK	CHAIR	2.00	Director	$0	$0	$0
SALLY HELMES	TREASURER	2.00	Director	$0	$0	$0
KELLEY STEARNS	CHAIR	2.00	Director	$0	$0	$0
ELIZABETH MILLEN	MEMBER	2.00	Director	$0	$0	$0
OCTOBER W LABBE	HEAD OF SCHOOL	40.00	Officer	$72,702	$0	$72,702

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	$926,512	$939,243	No data	$-12,731
2024	$2,345,234	$2,423,204	$953,756	$-77,970
2023	$2,244,282	$2,194,731	$1,490,092	$49,551
2022	$2,464,001	$2,169,947	$948,795	$294,054
2021	$2,227,938	$2,171,773	$964,477	$56,165
2020	$2,051,570	$2,221,831	$733,829	$-170,261
2019	$2,020,921	$2,050,002	$776,147	$-29,081
2018	$1,794,097	$1,899,588	$785,362	$-105,491