WESTMINSTER ACADEMY

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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

1996

Legal Domicile

Principal Officer

PRESTON ATWOOD

Phone

9013809192

Tax Period

2024-07-01 to 2025-06-30

WESTMINSTER ACADEMY, founded in 1996, is a community nonprofit in the Education sector that reported $7.8M in total revenue in fiscal year 2024.

Mission

THE SCHOOL PROVIDES CLASSICAL CHRISTIAN EDUCATION TO STUDENTS IN GRADES JUNIOR KINDERGARTEN THROUGH TWELVE.

Program Service Accomplishments

Program 1

Expenses: $6,213,769 Revenue: $7,346,306

PROVIDE EDUCATIONAL SERVICES TO STUDENTS IN GRADES JUNIOR KINDERGARTEN THROUGH 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 (2024)

Revenue Breakdown

Contributions & Grants $328,135

Program Service Revenue $7,327,598

Investment Income $103,784

Other Revenue $46,382

TOTAL REVENUE $7,805,899

Expense Breakdown

Grants Paid $1,877,628

Salaries & Benefits $4,583,110

Fundraising Expenses $219,767

Program Expenses $6,213,769

Other Expenses $1,864,804

TOTAL EXPENSES $8,325,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,805,899	$7,827,469	0.0%
Expenses	$8,325,542	$7,986,905	+0.0%
Net Income	$-519,643	$-159,436	+2.3%

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

139

Volunteers

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

$175,147

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYN ELIZABETH WILSON	CHAIR	2.00	Director	$0	$0	$0
DR ROBERT WILDER BRADSHER III	SECRETARY	2.00	Director	$0	$0	$0
PARKER DIXON TENENT	DIRECTOR	2.00	Director	$0	$0	$0
KELLY WITT WELLS	DIRECTOR	2.00	Director	$0	$0	$0
JESSE MATTHEW BAKER	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY LAMAR KEITH	DIRECTOR	2.00	Director	$0	$0	$0
SALLIE ADAMSON SUTTON	DIRECTOR	2.00	Director	$0	$0	$0
JACK HANZLIK	DIRECTOR	2.00	Director	$0	$0	$0
STEVE PIACENTINI	DIRECTOR	2.00	Director	$0	$0	$0
PRESTON ATWOOD	HEADMASTER	40.00	Officer	$77,853	$0	$77,853
RALPH JANIKOWSKY	FORMER HEADMASTER	40.00	Officer	$85,294	$12,000	$97,294

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	$7,805,899	$8,325,542	$8,068,011	$-519,643
2024	$7,827,469	$7,986,905	$8,891,872	$-159,436
2023	$7,093,812	$7,422,891	$8,874,527	$-329,079
2022	$7,140,757	$6,769,872	$7,132,994	$370,885
2021	$6,653,044	$6,113,466	$6,605,323	$539,578
2020	$5,765,250	$5,482,803	$6,626,272	$282,447
2019	$4,837,604	$4,803,750	$5,558,880	$33,854
2018	$4,471,308	$4,287,411	$4,582,383	$183,897