MILL SPRINGS ACADEMY INC

EIN: 581432397 501(c)(3)

ALPHARETTA, GA

Total Revenue
$7,571,051
Total Expenses
$8,861,969
Total Assets
$14,822,097
Net Assets
$12,681,568
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
GA
Principal Officer
TOM HAYS
Phone
7703601336
Tax Period
2024-07-01 to 2025-06-30

MILL SPRINGS ACADEMY INC, founded in 1981, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $8.9M exceeded revenue, resulting in a 17% operating deficit.

Mission

MILL SPRINGS ACADEMY IS A VALUE-BASED EDUCATIONAL COMMUNITY DEDICATED TO THE ACADEMIC, PHYSICAL AND SOCIAL GROWTH OF THOSE STUDENTS WHO HAVE NOT REALIZED THEIR FULL POTENTIAL IN TRADITIONAL CLASSROOM SETTINGS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $267,616
Program Service Revenue $7,031,867
Investment Income $103,255
Other Revenue $168,313
TOTAL REVENUE $7,571,051

Expense Breakdown

Grants Paid $400,131
Salaries & Benefits $6,153,290
Fundraising Expenses $378,638
Program Expenses $6,469,475
Other Expenses $2,308,548
TOTAL EXPENSES $8,861,969

Year-over-Year Comparison

2024 2023 Change
Revenue $7,571,051 $10,813,271 -0.3%
Expenses $8,861,969 $10,379,100 -0.1%
Net Income $-1,290,918 $434,171 -4.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
128
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
4
$274,183
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRISH BOGDANCHIK TRUSTEE 1.00
Director
$0 $0 $0
ROBERT SLAYDEN TRUSTEE 1.00
Director
$0 $0 $0
JOANE GOODROE TRUSTEE 1.00
Director
$0 $0 $0
ERIC DAUPLAISE TRUSTEE 1.00
Director
$0 $0 $0
GEORGE OJANUGA TRUSTEE 1.00
Director
$0 $0 $0
CLIFF ROBINSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
CHRISTIAN BATESON TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER CAMPBELL CHAIRPERSON 1.00
Officer Director
$0 $0 $0
ANDY BAYMAN TRUSTEE 1.00
Director
$0 $0 $0
NADIA ROBINSON DIRECTOR OF FINANCE 40.00
Officer
$135,374 $10,087 $145,461
TOM HAYS HEAD OF SCHOOL 40.00
Officer
$109,788 $18,934 $128,722
ELKE D SILVA DIRECTOR OF STUDENT PROGRAMING 40.00
Highest
$108,750 $3,354 $112,104
LAURIE S JONES DIRECTOR OF STUDENT RECRUI 40.00
Highest
$103,937 $3,000 $106,937
DEBRA M ORR EX-HEAD OF SCHOOL 40.00
$147,488 $0 $147,488
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 $7,571,051 $8,861,969 $14,822,097 $-1,290,918
2024 $10,813,271 $10,379,100 $16,702,998 $434,171
2023 $9,949,601 $9,716,671 $18,142,449 $232,930
2022 $9,431,848 $9,023,169 $16,599,148 $408,679
2021 $8,880,609 $8,927,224 $17,340,970 $-46,615
2020 $7,597,542 $8,977,253 $16,639,612 $-1,379,711
2019 $8,297,981 $8,745,186 $21,001,979 $-447,205
2018 $8,144,368 $8,576,263 $21,779,680 $-431,895
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