Myrtle Grove Christian School

EIN: 581529912 501(c)(3)

Wilmington, NC

Total Revenue
$4,841,598
Total Expenses
$4,698,212
Total Assets
$3,853,387
Net Assets
$1,895,182
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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
1983
Legal Domicile
NC
Principal Officer
Shawn Horton
Phone
9103922067
Tax Period
2024-07-01 to 2025-06-30

Myrtle Grove Christian School, founded in 1983, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

To provide private Christian education Pre-Kindergarten through Grade Eight.

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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 $253,703
Program Service Revenue $4,537,630
Investment Income $41,081
Other Revenue $9,184
TOTAL REVENUE $4,841,598

Expense Breakdown

Grants Paid $353,427
Salaries & Benefits $3,221,179
Fundraising Expenses $151,649
Program Expenses $3,553,320
Other Expenses $1,123,606
TOTAL EXPENSES $4,698,212

Year-over-Year Comparison

2024 2023 Change
Revenue $4,841,598 $4,422,533 +0.1%
Expenses $4,698,212 $4,206,072 +0.1%
Net Income $143,386 $216,461 -0.3%
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

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Governance

Voting Members
9
Independent Members
9
Employees
142
Volunteers
9

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
3
$105,955
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tim Denny Director 4.00
Director
$0 $0 $0
Stephanie Brooks Director 4.00
Director
$0 $0 $0
Macon Worth Director 4.00
Director
$0 $0 $0
Paul Blalock Chair 4.00
Officer Director
$0 $0 $0
Andy Garrett Director 4.00
Director
$0 $0 $0
Billie Collins Director 4.00
Director
$0 $0 $0
Jerry Cannon Vice Chair 4.00
Officer Director
$0 $0 $0
Shawn Horton Director 4.00
Director
$0 $0 $0
Candance Sutton Director 4.00
Director
$0 $0 $0
Michael Noto Head of School 40.00
Officer
$105,955 $0 $105,955
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 $4,841,598 $4,698,212 $3,853,387 $143,386
2024 $4,422,533 $4,206,072 $3,894,888 $216,461
2023 $3,953,227 $4,107,605 $3,663,724 $-154,378
2022 $4,046,995 $3,626,475 $3,833,074 $420,520
2021 $3,124,239 $3,152,266 $2,635,307 $-28,027
2020 $3,017,899 $2,901,262 $2,125,394 $116,637
2019 $2,948,266 $2,917,729 $2,115,490 $30,537
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