Athens Academy Inc (EIN 586055242) - 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

1966

Legal Domicile

Principal Officer

Alan M Weiler

Phone

7065499225

Tax Period

2024-08-01 to 2025-07-31

Athens Academy Inc, founded in 1966, is a mid-sized nonprofit in the Education sector that reported $24.4M in total revenue in fiscal year 2024. Expenses of $22.9M left a modest 6% surplus.

Mission

Athens Academy (the School) seeks excellence with honor in all its pursuits. Athens Academy is a coeducational, independent, college preparatory day school that offers a traditional liberal arts curriculum and innovative approaches to teaching and learning. The School seeks students from diverse

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,280,115

Program Service Revenue $19,855,171

Investment Income $2,062,573

Other Revenue $1,237,880

TOTAL REVENUE $24,435,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,159,240

Fundraising Expenses $306,554

Program Expenses $18,267,593

Other Expenses $8,720,528

TOTAL EXPENSES $22,879,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,435,739	$24,528,891	0.0%
Expenses	$22,879,768	$22,190,381	+0.0%
Net Income	$1,555,971	$2,338,510	-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

Governance

Voting Members

Independent Members

Employees

344

Volunteers

650

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

$426,859

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Thorsen	Head of School	40.00	Key Emp Highest	$426,859	$0	$426,859
Dick Ferguson	Treasurer	1.00	Director	$0	$0	$0
Victor Wilson	Secretary	1.00	Director	$0	$0	$0
Sunil Alexander	Trustee	1.00	Director	$0	$0	$0
Jeff DeLoach	Vice Chairman	1.00	Director	$0	$0	$0
Rachel Dillon	Trustee	1.00	Director	$0	$0	$0
Greta Covington	Trustee	1.00	Director	$0	$0	$0
Henry Garrard IV	Trustee	1.00	Director	$0	$0	$0
Lacy McCurdy	Trustee	1.00	Director	$0	$0	$0
Jill Bateman	Trustee	1.00	Director	$0	$0	$0
Trai McRae	Trustee	1.00	Director	$0	$0	$0
Brenda Klein	Trustee	1.00	Director	$0	$0	$0
Meg Parker	Trustee	1.00	Director	$0	$0	$0
Natalie Glenn	Trustee	1.00	Director	$0	$0	$0
John McLean	Trustee	1.00	Director	$0	$0	$0
Rick Rodrigue	Trustee	1.00	Director	$0	$0	$0
John Rooker	Trustee	1.00	Director	$0	$0	$0
Thomas Hollingsworth	Trustee	1.00	Director	$0	$0	$0
Mike Raeber	Trustee	1.00	Director	$0	$0	$0
Ed Tolley	Ex-Officio	1.00	Director	$0	$0	$0
Ellen Wilkins Wiley	Trustee	1.00	Director	$0	$0	$0
Frank Sinkwich III	Chairman	1.00	Director	$0	$0	$0
Alan Weiler	Director of Finance and Operations	40.00	Highest	$154,100	$0	$154,100
Jeff Stachura	Director of Middle School	40.00	Highest	$106,700	$0	$106,700
Susan Zalac	Director of Upper School	40.00	Highest	$115,100	$0	$115,100
Paul Kilgore	Trustee	1.00	Director	$0	$0	$0
Oliver Pryor	Trustee	1.00	Director	$0	$0	$0
Mary Catherine Smith	Trustee	1.00	Director	$0	$0	$0
Joshua Alexander	Development	40.00	Highest	$107,600	$0	$107,600
Robert Sears	Director of Student Services	40.00	Highest	$103,100	$0	$103,100
Diana Murdock	Director of Academic Affairs	40.00	Highest	$103,000	$0	$103,000
Chase Lawrence	Trustee	1.00	Director	$0	$0	$0
Jessica Whitley	Trustee	1.00	Director	$0	$0	$0
J Robert Chambers	Former Head of School	0.00		$38,000	$0	$38,000

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	$24,435,739	$22,879,768	$73,346,629	$1,555,971
2024	$24,528,891	$22,190,381	$72,039,320	$2,338,510
2023	$22,604,482	$21,658,134	$65,718,841	$946,348
2022	$19,563,519	$20,283,860	$62,573,809	$-720,341
2021	$21,935,037	$19,462,863	$63,580,270	$2,472,174
2020	$23,777,729	$18,703,427	$60,003,014	$5,074,302
2019	$21,460,949	$18,786,068	$54,650,273	$2,674,881
2018	$19,803,190	$18,342,353	$52,575,032	$1,460,837

Athens Academy Inc