ROYAL PALM ACADEMY INC (EIN 582395519) - 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

1998

Legal Domicile

Principal Officer

CHARLES R CIUNI

Phone

2395949888

Tax Period

2023-07-01 to 2024-06-30

ROYAL PALM ACADEMY INC, founded in 1998, is a mid-sized nonprofit in the Human Services sector that reported $11.0M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 20% operating margin.

Mission

THE MISSION OF ROYAL PALM ACADEMY IS TO PARTNER WITH FAMILIES "CONTINUED ON SCHEDULE O" TO PROVIDE AN EDUCATION OF RICH ACADEMICS WITH CATHOLIC FORMATION. WE TEACH THE MIND, EDUCATE THE HEART, AND FORM THE CHARACTER OF TOMORROW'S LEADERS.

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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 $5,271,633

Program Service Revenue $5,752,869

Investment Income $80,160

Other Revenue $-154,000

TOTAL REVENUE $10,950,662

Expense Breakdown

Grants Paid $2,677,919

Salaries & Benefits $3,748,871

Fundraising Expenses $565,345

Program Expenses $7,559,447

Other Expenses $2,340,876

TOTAL EXPENSES $8,767,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,950,662	$6,802,095	+0.6%
Expenses	$8,767,666	$6,453,229	+0.4%
Net Income	$2,182,996	$348,866	+5.3%

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

Governance

Voting Members

Independent Members

Employees

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

$361,999

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN AVERY	PRESIDENT	0.10	Officer Director	$0	$0	$0
JOE O'MALLEY	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
CHARLES CIUNI	TREASURER	0.10	Officer Director	$0	$0	$0
OLESYA KARAKOSTA	SECRETARY	0.10	Officer Director	$0	$0	$0
JARED FORD	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT RINGHOFER	DIRECTOR	0.10	Director	$0	$0	$0
TIMOTHY SCHWARTZ	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL BUSSMAN	HEAD OF SCHOOL	40.00	Officer	$195,956	$45,460	$241,416
DENNIS FRODSHAM	CFO/COO	40.00	Officer	$105,593	$14,990	$120,583

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	$10,950,662	$8,767,666	$9,033,356	$2,182,996
2023	$6,802,095	$6,453,229	$6,638,103	$348,866
2022	$4,360,331	$4,404,248	$6,267,583	$-43,917
2021	$3,972,426	$4,220,168	$6,174,386	$-247,742
2020	$3,745,145	$4,000,395	$6,563,833	$-255,250
2019	$3,689,992	$4,201,532	$6,525,674	$-511,540
2018	$4,394,167	$3,698,627	$7,621,002	$695,540

ROYAL PALM ACADEMY INC