HARDING ACADEMY (EIN 620852815) - 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

1971

Legal Domicile

Principal Officer

MEREDITH THOMPSON

Phone

6153565510

Tax Period

2022-07-01 to 2023-06-30

HARDING ACADEMY, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $14.1M in total revenue in fiscal year 2022. Net assets of $36.1M represent 31 months of operating reserves.

Mission

TO EDUCATE AND INSPIRE YOUNG PEOPLE TO BECOME THOUGHTFUL, CREATIVE, LIFELONG LEARNERS AND SELF-DISCIPLINED, RESPONSIBLE, CARING CITIZENS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,403,616

Program Service Revenue $12,268,470

Investment Income $27,855

Other Revenue $371,175

TOTAL REVENUE $14,071,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,105,958

Fundraising Expenses $677,457

Program Expenses $9,253,841

Other Expenses $4,714,965

TOTAL EXPENSES $13,820,923

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,071,116	$14,070,043	+0.0%
Expenses	$13,820,923	$12,558,914	+0.1%
Net Income	$250,193	$1,511,129	-0.8%

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

195

Volunteers

125

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

$387,056

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEREDITH THOMPSON	PRESIDENT	10.00	Officer Director	$0	$0	$0
MERRIE ALEXANDER	TRUSTEE	10.00	Director	$0	$0	$0
RIPLEY BICKERSTAFF	TRUSTEE	10.00	Director	$0	$0	$0
JESSICA DARDEN	TRUSTEE	10.00	Director	$0	$0	$0
NIC DONAHUE	TRUSTEE	10.00	Director	$0	$0	$0
MELISSA FRIST	TRUSTEE	10.00	Director	$0	$0	$0
BENJAMIN HEAVRIN	TRUSTEE	10.00	Director	$0	$0	$0
DENISE JONES	TRUSTEE	10.00	Director	$0	$0	$0
CINDY KAM	TRUSTEE	10.00	Director	$0	$0	$0
SUSAN LESCHEN	TRUSTEE	10.00	Director	$0	$0	$0
THOMAS MCDANIEL	TRUSTEE	10.00	Director	$0	$0	$0
JEFF MOATS	TRUSTEE	10.00	Director	$0	$0	$0
WHIT MOLONEY	TRUSTEE	10.00	Director	$0	$0	$0
DREW OLDHAM	TRUSTEE	10.00	Director	$0	$0	$0
MELANIE PADDON	TRUSTEE	10.00	Director	$0	$0	$0
TIMOTHY REYNOLDS	TRUSTEE	10.00	Director	$0	$0	$0
WADE RICK	TRUSTEE	10.00	Director	$0	$0	$0
RUSSELL RIEBELING	TRUSTEE	10.00	Director	$0	$0	$0
PATRICK SCHUERMANN	TRUSTEE	10.00	Director	$0	$0	$0
DAVE SKEEN	HEAD OF SCHOOL	50.00	Officer	$363,732	$23,324	$387,056
CHARLES MAUMUS	ASSISTANT HEAD OF SCHOOL F	50.00	Highest	$191,673	$19,422	$211,095
LAURA UNDERWOOD	DIRECTOR OF LOWER SCHOOL	50.00	Highest	$152,856	$17,093	$169,949
JOSEPH D CODISPOTI	DIRECTOR OF MIDDLE SCHOOL	50.00	Highest	$123,205	$15,314	$138,519
JANET H SHOEMAKER	CONTROLLER	50.00	Highest	$112,395	$14,666	$127,061
RUTHIE LOWNEY	DIRECTOR OF ADVANCEMENT	50.00	Highest	$109,527	$14,494	$124,021

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	No data	No data	No data	No data
2023	$14,071,116	$13,820,923	$43,506,436	$250,193
2022	$14,070,043	$12,558,914	$42,272,684	$1,511,129
2021	$15,657,417	$12,127,528	$40,994,523	$3,529,889
2020	$14,183,780	$11,498,889	$37,040,794	$2,684,891
2019	$13,492,669	$12,028,754	$34,929,628	$1,463,915
2018	$12,097,509	$11,244,088	$33,126,659	$853,421

HARDING ACADEMY