HORSE CREEK ACADEMY (EIN 571111775) - 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

2002

Legal Domicile

Principal Officer

DR ANN MARIE TAYLOR

Phone

8032260160

Tax Period

2023-07-01 to 2024-06-30

HORSE CREEK ACADEMY, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $17.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE A QUALITY EDUCATION TO EVERY CHILD SENT TO US IN ORDER TO PREPARE THEM FOR COLLEGE OR THE WORKPLACE.

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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 $16,220,766

Program Service Revenue $1,047,598

Investment Income $139,336

Other Revenue $32,065

TOTAL REVENUE $17,439,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,334,182

Fundraising Expenses $0

Program Expenses $13,887,371

Other Expenses $4,938,340

TOTAL EXPENSES $17,272,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,439,765	$15,395,149	+0.1%
Expenses	$17,272,522	$14,640,297	+0.2%
Net Income	$167,243	$754,852	-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

236

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

$250,874

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARED CHAMBLISS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
AUDREY DECKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ASHLEY PITTS	SECRETARY	1.00	Officer Director	$0	$0	$0
DANA COOK	TREASURER	1.00	Officer Director	$0	$0	$0
SAM GRIMES	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW SHACKELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN GOODWIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW GORDON	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLYN RISCHBIETER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ANN MARIE TAYLOR	EXECUTIVE DIRECTOR	40.00	Officer	$173,947	$15,256	$189,203
ASHLEY STURKEY	FISCAL DIRECTOR	40.00	Officer	$52,135	$9,536	$61,671

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	$17,439,765	$17,272,522	$23,916,472	$167,243
2023	$15,395,149	$14,640,297	$23,717,392	$754,852
2022	$12,511,831	$13,289,080	$30,897,024	$-777,249
2021	$8,935,137	$8,940,286	$27,042,463	$-5,149
2020	$5,031,703	$4,900,974	$8,369,510	$130,729
2019	$4,688,815	$4,580,264	$9,039,224	$108,551
2018	$4,402,353	$4,627,580	$8,056,923	$-225,227

HORSE CREEK ACADEMY