SOUTHLAND ACADEMY INC (EIN 580965793) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

DANNY MINICK

Phone

2299244406

Tax Period

2024-08-01 to 2025-07-31

SOUTHLAND ACADEMY INC, founded in 1967, is a community nonprofit in the Education sector that reported $4.8M in total revenue in fiscal year 2024.

Mission

PRIVATE SCHOOL

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $717,450

Program Service Revenue $4,096,656

Investment Income $13,076

Other Revenue $0

TOTAL REVENUE $4,827,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,267,045

Fundraising Expenses $0

Program Expenses $4,849,140

Other Expenses $1,966,956

TOTAL EXPENSES $5,234,001

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,827,182	$4,632,679	+0.0%
Expenses	$5,234,001	$5,454,940	0.0%
Net Income	$-406,819	$-822,261	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

119

Volunteers

100

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
PATTY WEBB	HEADMASTER	40.00	Highest	$138,000	$2,760	$140,760
JOE CHESNUT	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN FUTCH	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW GREENE	TREASURER	1.00	Officer Director	$0	$0	$0
MERIBEETH MCNEILL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DANNY MINICK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BLAKE REID	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN SHORT	TRUSTEE	1.00	Director	$0	$0	$0
DAVID STINCHCUM	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA WALKER	TRUSTEE	1.00	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	$4,827,182	$5,234,001	$8,081,482	$-406,819
2024	$4,632,679	$5,454,940	$8,453,764	$-822,261
2023	$4,459,025	$4,462,979	$8,825,633	$-3,954
2022	$4,275,695	$4,312,921	$9,383,478	$-37,226
2021	$4,974,298	$4,246,321	$9,507,202	$727,977
2020	$4,006,240	$3,831,318	$8,955,982	$174,922

SOUTHLAND ACADEMY INC