BAYSIDE ACADEMY INC

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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

1967

Legal Domicile

Principal Officer

RUSSELL BUSTER

Phone

2513386300

Tax Period

2024-07-01 to 2025-06-30

BAYSIDE ACADEMY INC, founded in 1967, is a mid-sized nonprofit in the Education sector that reported $18.6M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $16.7M left a modest 11% surplus.

Mission

BAYSIDE'S MISSION IS TO EDUCATE AND DEVELOP STUDENTS WHO ARE FULLY PREPARED TO PURSUE EDUCATION THROUGHOUT LIFE. THESE STUDENTS EXHIBIT HIGH MORAL STANDARDS, A SENSE OF RESPONSIBILITY, RESPECT FOR SELF AND OTHERS, AND A COMMITMENT TO EXCELLENCE IN ALL THEIR ENDEAVORS.

Program Service Accomplishments

Program 1

Expenses: $9,624,212 Revenue: $13,538,264

ACADAMIC PROGRAMS: BAYSIDE PROVIDES HIGH QUALITY EDUCATION. DURING THE YEAR, BAYSIDE HAD AN ENROLLMENT OF 854 STUDENTS AS FOLLOWS: EARLY CHILDHOOD CENTER (PK3 THROUGH KINDERGARTEN) - 125 LOWER SCHOOL (GRADES 1 THROUGH 4) - 231 INTERMEDIATE SCHOOL (GRADES 5 THROUGH 8) - 263 UPPER SCHOOL (GRADES 9 THROUGH 12) - 232 IN MAY 2025, BAYSIDE GRADUATED 72 STUDENTS.

Program 2

Expenses: $3,007,150 Revenue: $512,267

AUXILIARY SERVICES: BAYSIDE PROVIDES AUXILIARY SERVICES FOR STUDENTS WHICH INCLUDES AFTER- SCHOOL CARE, ACADEMIC COUNSELING, SUMMER CAMP, ETC.

Program 3

Expenses: $1,963,139 Revenue: $679,913

STUDENT ACTIVITES: BAYSIDE PROVIDES VARIOUS STUDENT ACTIVITES SUCH AS ATHLETICS, CLUBS, ORGANIZATIONS, ETC.

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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 $2,802,117

Program Service Revenue $14,730,444

Investment Income $278,001

Other Revenue $815,770

TOTAL REVENUE $18,626,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,250,507

Fundraising Expenses $804,238

Program Expenses $14,594,501

Other Expenses $5,400,379

TOTAL EXPENSES $16,650,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,626,332	$26,879,126	-0.3%
Expenses	$16,650,886	$15,862,172	+0.0%
Net Income	$1,975,446	$11,016,954	-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

139

Volunteers

397

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
RUSSELL BUSTER	CHAIRMAN	N/A	Officer Director	$0	$0	$0
THOMAS GROSS CFA	VICE-CHAIRMA	N/A	Officer Director	$0	$0	$0
LORIE GAILLARD	SECRETARY	N/A	Officer Director	$0	$0	$0
MORGAN ASHURST	TRUSTEE	N/A	Director	$0	$0	$0
MICHAEL BINDON MD	TRUSTEE	N/A	Director	$0	$0	$0
MAX BRUCKMANN	TRUSTEE	N/A	Director	$0	$0	$0
SADIE MCLEAN COOPER	TRUSTEE	N/A	Director	$0	$0	$0
BROOKS DELANEY	TRUSTEE	N/A	Director	$0	$0	$0
BRAD HICKS	TRUSTEE	N/A	Director	$0	$0	$0
MARK HOFFMAN	TRUSTEE	N/A	Director	$0	$0	$0
JENNIFER JONES	TRUSTEE	N/A	Director	$0	$0	$0
HUNTER LYONS	TRUSTEE	N/A	Director	$0	$0	$0
CLIFTON MOSTELLER	TRUSTEE	N/A	Director	$0	$0	$0
RANDY NIEMEYER	TRUSTEE	N/A	Director	$0	$0	$0
BRANDON PILOT	TRUSTEE	N/A	Director	$0	$0	$0
EFFIE THOMPSON	TRUSTEE	N/A	Director	$0	$0	$0
JORDAN WATKINS	TRUSTEE	N/A	Director	$0	$0	$0
DANIEL WRIGHT	TRUSTEE	N/A	Director	$0	$0	$0
SCOTT PHILLIPPS	HEAD OF SCHO	N/A	Highest	$300,530	$52,038	$352,568

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	$18,626,332	$16,650,886	$45,614,218	$1,975,446
2024	$26,879,126	$15,862,172	$42,717,423	$11,016,954
2023	$21,595,894	$13,991,863	$31,806,402	$7,604,031
2022	$12,941,318	$13,181,352	$23,792,935	$-240,034
2021	$13,712,687	$12,330,476	$24,736,797	$1,382,211
2020	$11,809,902	$11,871,000	$23,960,507	$-61,098
2019	$11,491,493	$11,467,882	$22,962,415	$23,611