WOODWARD ACADEMY INC (EIN 580625584) - 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

1900

Legal Domicile

Principal Officer

LOUISE D MANN

Phone

4047654023

Tax Period

2024-06-01 to 2025-05-31

WOODWARD ACADEMY INC, founded in 1900, is a major nonprofit in the Education sector that reported $142.5M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37.6M, a strong 26% operating margin.

Mission

WOODWARD ACADEMY PROVIDES COLLEGE PREPARATORY EDUCATION FOR STUDENTS IN PRE-K THROUGH GRADE 12.

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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 $5,111,447

Program Service Revenue $92,127,594

Investment Income $44,504,637

Other Revenue $762,715

TOTAL REVENUE $142,506,393

Expense Breakdown

Grants Paid $12,270,160

Salaries & Benefits $63,332,472

Fundraising Expenses $3,115,139

Program Expenses $91,439,172

Other Expenses $29,316,691

TOTAL EXPENSES $104,919,323

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,506,393	$99,128,944	+0.4%
Expenses	$104,919,323	$100,005,790	+0.0%
Net Income	$37,587,070	$-876,846	-43.9%

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

1002

Volunteers

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

$1,164,130

Total Directors

Key Employees

$1,322,049

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr F Stuart Gulley	President - retired 06/30/25	40.0	Officer	$731,285	$112,152	$843,437
Dr Christopher Freer	Vice President	40.0	Key Emp	$307,738	$82,493	$390,231
Nigel Traylor	Vice President	40.0	Key Emp	$301,620	$32,937	$334,557
Louise D Mann	VP OF FINANCE/CFO	40.0	Officer	$288,949	$31,744	$320,693
Nija Meyer	Vice President	40.0	Key Emp	$259,869	$44,454	$304,323
Lee Conner	Vice President	40.0	Key Emp	$243,715	$49,223	$292,938
Jonathan Merrill	Administrator	40.0	Highest	$218,199	$31,585	$249,784
Edward Rutledge	Administrator	40.0	Highest	$215,528	$27,872	$243,400
Dana Phillips	Administrator	40.0	Highest	$160,285	$55,803	$216,088
Dr Jose Fernandez	Administrator	40.0	Highest	$181,703	$25,548	$207,251
Elaine Carroll	Administrator	40.0	Highest	$166,162	$25,259	$191,421
Dr Xavier A Duralde	Chairman	2.0	Officer Director	$0	$0	$0
Mary S Moore	Vice Chair	2.0	Officer Director	$0	$0	$0
Justin H Alexander	Board Member	1.0	Director	$0	$0	$0
Calvin R Allen Jr	Board Member	1.0	Director	$0	$0	$0
Simon E Arpiarian	Board Member	1.0	Director	$0	$0	$0
Gerald R Benjamin	Board Member	1.0	Director	$0	$0	$0
Aditya Bhoopathy	Board Member	1.0	Director	$0	$0	$0
Kenneth L Blank	Board Member	1.0	Director	$0	$0	$0
Ronald M Brill	Board Member	1.0	Director	$0	$0	$0
Monica Howard Douglas	Board Member	1.0	Director	$0	$0	$0
Suzanna Sanchez Doyle	Board Member	1.0	Director	$0	$0	$0
Dr Russell K Gore	Board Member	1.0	Director	$0	$0	$0
William H Gray IV	Board Member	1.0	Director	$0	$0	$0
Riah W Greathouse	Board Member	1.0	Director	$0	$0	$0
Ryan T Gunnigle	Board Member	1.0	Director	$0	$0	$0
Rodney S Harrison	Board Member	1.0	Director	$0	$0	$0
Jo Cranford Hodges	Board Member	1.0	Director	$0	$0	$0
Ben F Johnson III	Board Member	1.0	Director	$0	$0	$0
Gregory S Lewis	Board Member	1.0	Director	$0	$0	$0
C Brad Marsh	Board Member	1.0	Director	$0	$0	$0
Belinda MJ Morris	Board Member	1.0	Director	$0	$0	$0
Garnet M Nygren	Board Member	1.0	Director	$0	$0	$0
Dr Vicki R Palmer	Board Member	1.0	Director	$0	$0	$0
Beth H Paradies	Board Member	1.0	Director	$0	$0	$0
Stephen E Roberts	Board Member	1.0	Director	$0	$0	$0
LaKesha M Robinson	Board Member	1.0	Director	$0	$0	$0
Lauren Z Schlossberg	Board Member	1.0	Director	$0	$0	$0
S Paul Shailendra	Board Member	1.0	Director	$0	$0	$0
Ricardo L Simon	Board Member	1.0	Director	$0	$0	$0
James E Sutherland Jr	Board Member	1.0	Director	$0	$0	$0
Matthew D Wilson	Board Member	1.0	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	$142,506,393	$104,919,323	$315,635,252	$37,587,070
2024	$99,128,944	$100,005,790	$314,991,489	$-876,846
2023	$91,550,915	$91,871,289	$303,689,801	$-320,374
2022	$96,875,893	$88,508,061	$316,361,314	$8,367,832
2021	$105,770,995	$82,932,436	$335,693,683	$22,838,559
2020	$85,209,091	$85,208,911	$297,987,009	$180
2019	$93,731,942	$87,929,176	$301,723,911	$5,802,766
2018	$95,099,183	$83,993,755	$305,367,283	$11,105,428

WOODWARD ACADEMY INC