CLARKSVILLE ACADEMY (EIN 620815277) - 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

1970

Legal Domicile

Principal Officer

JENNIFER HINOTE

Phone

9316476311

Tax Period

2023-08-01 to 2024-07-31

CLARKSVILLE ACADEMY, founded in 1970, is a community nonprofit in the Education sector that reported $9.2M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $1.7M, a strong 19% operating margin.

Mission

EDUCATION OF CHILDREN PRE-K THROUGH GRADE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $780,124

Program Service Revenue $8,045,476

Investment Income $85,238

Other Revenue $275,531

TOTAL REVENUE $9,186,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,626,417

Fundraising Expenses $0

Program Expenses $3,897,228

Other Expenses $2,825,838

TOTAL EXPENSES $7,452,255

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,186,369	$9,988,422	-0.1%
Expenses	$7,452,255	$7,010,109	+0.1%
Net Income	$1,734,114	$2,978,313	-0.4%

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

105

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

$247,200

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE LICARI	BOARD MEMBER	1.00	Director	$0	$0	$0
CORINTHIA ELDER	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE MAYNARD	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE NORMAN	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
BRAD SUITER	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER HINOTE	HEAD OF SCHO	40.00	Key Emp	$240,000	$7,200	$247,200
NATHAN HUNT	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH HELLUMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
SONIA HOLZ-SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER VENTIMIGLIA	BOARD MEMBER	1.00	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
2024	$9,186,369	$7,452,255	$15,054,511	$1,734,114
2023	$9,988,422	$7,010,109	$9,392,117	$2,978,313
2022	$7,530,666	$6,547,984	$6,902,725	$982,682
2021	$6,391,160	$5,609,636	$6,723,954	$781,524
2020	$5,979,408	$6,419,160	$5,735,158	$-439,752
2019	$6,198,641	$7,021,923	$5,759,269	$-823,282
2018	$6,961,888	$7,488,273	$5,624,905	$-526,385

CLARKSVILLE ACADEMY