WESLEYAN SCHOOL INC (EIN 582147411) - 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

1963

Legal Domicile

Principal Officer

CHRIS CLEVELAND

Phone

7704487640

Tax Period

2023-07-01 to 2024-06-30

WESLEYAN SCHOOL INC, founded in 1963, is a mid-sized nonprofit in the Education sector that reported $43.5M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $41.5M left a modest 4% surplus.

Mission

WESLEYAN'S MISSION IS TO BE A CHRISTIAN SCHOOL OF ACADEMIC EXCELLENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,742,990

Program Service Revenue $35,483,098

Investment Income $1,839,959

Other Revenue $409,881

TOTAL REVENUE $43,475,928

Expense Breakdown

Grants Paid $3,251,095

Salaries & Benefits $25,506,016

Fundraising Expenses $731,101

Program Expenses $36,987,325

Other Expenses $12,771,691

TOTAL EXPENSES $41,528,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,475,928	$52,364,935	-0.2%
Expenses	$41,528,802	$39,023,062	+0.1%
Net Income	$1,947,126	$13,341,873	-0.9%

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

588

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

$988,404

Total Directors

Key Employees

$1,168,167

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAND BRIDGERS	BOARD TRUSTEE - CHAIRMAN	4.00	Director	$0	$0	$0
ROBERT E BINION	BOARD TRUSTEE - VICE CHAIR	3.00	Director	$0	$0	$0
MARK CHAPMAN	BOARD TRUSTEE - TREASURER	3.00	Director	$0	$0	$0
YUMI SHIM	BOARD TRUSTEE - SECRETARY	3.00	Director	$0	$0	$0
MARK ADENT	BOARD TRUSTEE	2.00	Director	$0	$0	$0
CLAIRE BARNETT	BOARD TRUSTEE	2.00	Director	$0	$0	$0
ROB BENNISON	BOARD TRUSTEE	2.00	Director	$0	$0	$0
MATT COLE	BOARD TRUSTEE	2.00	Director	$0	$0	$0
DAN COWART	BOARD TRUSTEE	2.00	Director	$0	$0	$0
ASHBY FOLTZ	BOARD TRUSTEE	2.00	Director	$0	$0	$0
AMANDA HENE	BOARD TRUSTEE	2.00	Director	$0	$0	$0
TIM HILLEGASS	BOARD TRUSTEE	2.00	Director	$0	$0	$0
BETSY JOHN	BOARD TRUSTEE	2.00	Director	$0	$0	$0
ERIKA LAUGHLIN	BOARD TRUSTEE	2.00	Director	$0	$0	$0
TOM MENEFEE	BOARD TRUSTEE	2.00	Director	$0	$0	$0
BILLY MILAM	BOARD TRUSTEE	2.00	Director	$0	$0	$0
AMBER MOORE	BOARD TRUSTEE	2.00	Director	$0	$0	$0
TODD RATLIFF	BOARD TRUSTEE	2.00	Director	$0	$0	$0
SEAN TAYLOR	BOARD TRUSTEE	2.00	Director	$0	$0	$0
DEVANE TIDWELL	BOARD TRUSTEE	2.00	Director	$0	$0	$0
CHARLES MACK	BOARD TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER B CLEVELAND	HEAD OF SCHOOL	45.00	Officer	$558,445	$92,201	$650,646
WILLIAM J COXHEAD	CHIEF FINANCIAL OFFICER	45.00	Officer	$286,417	$51,341	$337,758
RAMONA BLANKENSHIP	ASSOCIATE HEAD OF SCHOOL	45.00	Key Emp	$202,917	$62,798	$265,715
BRIAN MORGAN	CHIEF OPERATIONS OFFICER	45.00	Key Emp	$226,847	$28,333	$255,180
JOSEPH KOCH	PRINCIPAL - HIGH SCHOOL	45.00	Key Emp	$168,674	$47,489	$216,163
MARC KHEDOURI	ASSISTANT HEAD OF SCHOOL F	45.00	Key Emp	$178,986	$60,599	$239,585
CHAD MCDANIEL	DIRECTOR OF DEVELOPMENT	45.00	Key Emp	$159,821	$31,703	$191,524
SPENCER CORNETT	DIRECTOR OF FACILITIES	45.00	Highest	$147,220	$39,002	$186,222
JOSEPH ANTONIO IV	PRINCIPAL - MIDDLE SCHOOL	45.00	Highest	$140,712	$40,618	$181,330
JEFFERY PETTIT	CONSTRUCTION MANAGER	45.00	Highest	$146,333	$17,650	$163,983
PRIDGEN FRANKLIN	HEAD FOOTBALL COACH & TEACHER	45.00	Highest	$137,537	$12,342	$149,879
MATTHEW CREW	REGISTRAR & TEACHER	45.00	Highest	$132,033	$21,381	$153,414

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	$43,475,928	$41,528,802	$164,683,852	$1,947,126
2023	$52,364,935	$39,023,062	$155,972,747	$13,341,873
2022	$41,685,077	$36,845,689	$138,610,458	$4,839,388
2021	$38,199,935	$33,991,496	$136,567,654	$4,208,439
2020	$33,080,367	$33,873,509	$130,877,238	$-793,142
2019	$39,014,347	$32,599,894	$125,000,228	$6,414,453
2018	$35,360,315	$31,553,710	$116,869,818	$3,806,605

WESLEYAN SCHOOL INC