MADISON ACADEMY INC (EIN 630356666) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

Principal Officer

CASEY FARRIS

Phone

2564696406

Tax Period

2022-07-01 to 2023-06-30

MADISON ACADEMY INC, founded in 1955, is a community nonprofit that reported $8.1M in total revenue in fiscal year 2017.

Mission

PRIVATE SCHOOL DEDICATED TO EDUCATION OF CHILDREN FROM PK3 THROUGH GRADE 12

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $523,405

Program Service Revenue $9,129,489

Investment Income $111,686

Other Revenue $112,582

TOTAL REVENUE $9,877,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,236,789

Fundraising Expenses $243,410

Program Expenses $9,339,773

Other Expenses $4,367,901

TOTAL EXPENSES $10,604,690

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,877,162	$8,740,995	+0.1%
Expenses	$10,604,690	$9,198,972	+0.2%
Net Income	$-727,528	$-457,977	+0.6%

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

230

Volunteers

150

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

$202,498

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM MCKEE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DR AMY LEATON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
WESLEY CANERDAY	SECRETARY	2.00	Officer Director	$0	$0	$0
TIM BROWN	MEMBER	2.00	Director	$0	$0	$0
JASON BYBEE	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES FLATT	MEMBER	2.00	Director	$0	$0	$0
CAREY ROSENBLUM	MEMBER	2.00	Director	$0	$0	$0
SCOTTY SPARKS	MEMBER	2.00	Director	$0	$0	$0
SHANE STROMEI	MEMBER	2.00	Director	$0	$0	$0
CASEY FARRIS	PRESIDENT	50.00	Officer	$202,498	$0	$202,498

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	$9,877,162	$10,604,690	$14,968,719	$-727,528
2022	$8,740,995	$9,198,972	$14,056,099	$-457,977
2021	$8,738,039	$8,713,513	$14,996,643	$24,526
2020	$8,188,125	$8,244,400	$15,755,623	$-56,275
2019	$8,397,090	$8,382,138	$15,080,197	$14,952
2018	$8,076,729	$8,194,850	$15,224,665	$-118,121

MADISON ACADEMY INC