PIEDMONT ACADEMY INC (EIN 581086669) - 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

1970

Legal Domicile

Principal Officer

JOHN C WELCH

Phone

7064688818

Tax Period

2022-07-01 to 2023-06-30

PIEDMONT ACADEMY INC, founded in 1970, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $3.9M left a modest 5% surplus.

Mission

TO DEVELOP THE MIND, BODY AND SPIRIT OF STUDENTS ATTENDING PIEDMONT ACADEMY IN A SAFE, MORAL ENVIRONMENT THAT INVITES FAMILY PARTICIPATION AND PROMOTES STUDENT OPPORTUNITY BY ADHERING TO JUDEO CHRISTIAN VALUES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $131,753

Program Service Revenue $3,655,178

Investment Income $1,791

Other Revenue $326,627

TOTAL REVENUE $4,115,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,303,652

Fundraising Expenses $117,067

Program Expenses $3,163,878

Other Expenses $1,606,864

TOTAL EXPENSES $3,910,516

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,115,349	$3,630,064	+0.1%
Expenses	$3,910,516	$3,101,335	+0.3%
Net Income	$204,833	$528,729	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM BRADLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
RUSSELL DOWNS	CHAIRMAN	N/A	Director	$0	$0	$0
SCOTTY DUMAS	BOARD MEMBER	N/A	Director	$0	$0	$0
SCOTT FAIRCLOTH	BOARD MEMBER	N/A	Director	$0	$0	$0
MAURICE JACKSON	TREASURER	N/A	Director	$0	$0	$0
KIMBERLY MEREDITH	BOARD MEMBER	N/A	Director	$0	$0	$0
JUDY NELSON	SECRETARY	N/A	Director	$0	$0	$0
JOHNNY SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
TYSON WILKERSON	BOARD MEMBER	N/A	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,115,349	$3,910,516	$3,501,209	$204,833
2022	$3,630,064	$3,101,335	$5,463,499	$528,729
2021	$2,417,821	$2,341,412	$2,867,026	$76,409
2020	$1,894,897	$1,861,088	$2,578,596	$33,809
2019	$1,794,970	$1,968,688	$2,398,892	$-173,718

PIEDMONT ACADEMY INC