LEARNING ACADEMY INC

EIN: 593474436 501(c)(3) Education

MIRAMAR BEACH, FL

Total Revenue
$782,640
Total Expenses
$1,104,525
Total Assets
$1,388,047
Net Assets
$999,152
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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
2000
Legal Domicile
FL
Principal Officer
DR CHERYL PERRY
Phone
8503146571
Tax Period
2024-07-01 to 2025-06-30

LEARNING ACADEMY INC, founded in 2000, is a small nonprofit in the Education sector that reported $783K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 41% operating deficit.

Mission

OPERATES CHARTER AND CONTRACTS SCHOOLS PROVIDING EDUCATION SERVICES FOR AT-RISK STUDENTS GRADES 6-12.

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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 $773,874
Program Service Revenue $0
Investment Income $0
Other Revenue $8,766
TOTAL REVENUE $782,640

Expense Breakdown

Grants Paid $0
Salaries & Benefits $451,990
Fundraising Expenses $0
Program Expenses $493,790
Other Expenses $652,535
TOTAL EXPENSES $1,104,525

Year-over-Year Comparison

2024 2023 Change
Revenue $782,640 $1,123,642 -0.3%
Expenses $1,104,525 $1,151,706 0.0%
Net Income $-321,885 $-28,064 +10.5%
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
3
Independent Members
3
Employees
27
Volunteers
3

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBIN KING CHAIRPERSON N/A
Officer Director
$0 $0 $0
DON LEWIS LYNN JR VICE CHAIRPE N/A
Director
$0 $0 $0
DR CHERYL PERRY SECRETARY/TR N/A
Director
$0 $0 $0
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 $782,640 $1,104,525 $1,388,047 $-321,885
2024 $1,123,642 $1,151,706 $1,821,698 $-28,064
2023 $1,547,124 $1,191,028 $1,946,301 $356,096
2022 $1,243,968 $1,035,138 $1,684,384 $208,830
2021 $1,098,183 $1,008,083 $1,567,518 $90,100
2020 $1,153,793 $1,057,025 $1,707,352 $96,768
2019 $1,302,128 $1,350,479 $1,594,234 $-48,351
2018 $1,470,710 $1,408,396 $1,716,881 $62,314
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