THORNHILL EDUCATION CENTER INC (EIN 611599003) - 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

2015

Legal Domicile

Principal Officer

CHARLEY PRESTON

Phone

5028751481

Tax Period

2023-07-01 to 2024-06-30

THORNHILL EDUCATION CENTER INC, founded in 2015, is a small nonprofit in the Education sector that reported $847K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $157K, a strong 19% operating margin.

Mission

THORNHILL EDUCATION CENTER PROVIDES ADULT EDUCATION SERVICES TO ADULTS THROUGH STUDY SERVICES TO PREPARE TO ACHIEVE THE GED CREDENTIAL ALONG WITH OTHER SUPPORT AND VOCATIONAL SERVICES.

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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 $729,466

Program Service Revenue $5,506

Investment Income $8,698

Other Revenue $103,254

TOTAL REVENUE $846,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $356,595

Fundraising Expenses $0

Program Expenses $547,688

Other Expenses $333,474

TOTAL EXPENSES $690,069

Year-over-Year Comparison

	2023	2022	Change
Revenue	$846,924	$593,441	+0.4%
Expenses	$690,069	$628,908	+0.1%
Net Income	$156,855	$-35,467	-5.4%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CUBINE	BOARD MEMBER	N/A	Director	$0	$0	$0
CATHY JENNINGS	BOARD MEMBER	N/A	Director	$0	$0	$0
LANE LEWIS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ERIN O'DONNELL	SECRETARY	N/A	Officer Director	$0	$0	$0
CHARLEY PRESTON	PRESIDENT	N/A	Officer Director	$0	$0	$0
RITA HAYNES RECTOR	BOARD MEMBER	N/A	Director	$0	$0	$0
KYLE SEXTON	BOARD MEMBER	N/A	Director	$0	$0	$0
TISH SHADE	BOARD MEMBER	N/A	Director	$0	$0	$0
SCOTTY TRACY	BOARD MEMBER	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	No data	No data	No data	No data
2024	$846,924	$690,069	$518,617	$156,855
2023	$593,441	$628,908	$415,285	$-35,467
2022	$847,083	$826,062	$402,236	$21,021
2021	$828,763	$793,596	$421,007	$35,167
2020	$800,466	$789,044	$315,465	$11,422
2019	$803,396	$818,854	$324,369	$-15,458

THORNHILL EDUCATION CENTER INC