PIKE LIBERAL ARTS SCHOOL FOUNDATION

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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

APRIL JOHNSON

Phone

3345662023

Tax Period

2024-06-01 to 2025-05-31

PIKE LIBERAL ARTS SCHOOL FOUNDATION, founded in 1970, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2024.

Mission

THE FOUNDATION IS AN AISA AND SACS ACCREDITED SCHOOL THAT PROVIDES PRIMARY AND SECONDARY EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $3,789,456

THE SCHOOL PROVIDES FACILITIES THAT INCLUDE CLASSROOMS, CAFETERIA, LIBRARY, GYMNASIUM, PLAYGROUNDS AND BALLFIELDS. THE SCHOOL PROVIDES TEACHERS AND SUPPORT STAFF, FURNITURE, FIXTURES AND EQUIPMENT...

THE SCHOOL PROVIDES FACILITIES THAT INCLUDE CLASSROOMS, CAFETERIA, LIBRARY, GYMNASIUM, PLAYGROUNDS AND BALLFIELDS. THE SCHOOL PROVIDES TEACHERS AND SUPPORT STAFF, FURNITURE, FIXTURES AND EQUIPMENT, ALONG WITH TEXTBOOKS AND SUPPLIES FOR APPROXIMATELY 450 STUDENTS IN GRADES KINDERGARTEN THROUGH 12TH GRADE. THE SCHOOL ALSO SPONSORS AND ENCOURAGES STUDENTS TO PARTICIPATE IN COMMUNITY SERVICE EVENTS, SPORTS AND ATHLETICS, AND OTHER EDUACTIONAL ENRICHMENT ACTIVITIES.

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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 $16,481

Program Service Revenue $3,416,961

Investment Income $2,081

Other Revenue $239,633

TOTAL REVENUE $3,675,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,187,893

Fundraising Expenses $17,861

Program Expenses $3,799,343

Other Expenses $1,629,311

TOTAL EXPENSES $3,817,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,675,156	$3,687,971	0.0%
Expenses	$3,817,204	$3,892,264	0.0%
Net Income	$-142,048	$-204,293	-0.3%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORDAN COX	FINANCE CHAI	8.00	Officer Director	$0	$0	$0
APRIL JOHNSON	CHAIRMAN	8.00	Officer Director	$0	$0	$0
ANNA MARIE SANDERS	VICE CHAIRMA	8.00	Director	$0	$0	$0
MARILEE HUSSEY	SECRETARY	2.00	Officer Director	$0	$0	$0
ADAM BROOKINS	SPORTS BOOST	2.00	Director	$0	$0	$0
WILL DRINKARD	TRUSTEE	2.00	Director	$0	$0	$0
DRUID CONRAD	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTY PITTMAN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID COLE	TRUSTEE	2.00	Director	$0	$0	$0
HOLLI PAUL	TRUSTEE	2.00	Director	$0	$0	$0
TOM SMITH	TRUSTEE	2.00	Director	$0	$0	$0
MATT VAUGHAN	TRUSTEE	2.00	Director	$0	$0	$0
JASON TERRY	TRUSTEE	2.00	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
2025	$3,675,156	$3,817,204	$4,765,516	$-142,048
2024	$3,687,971	$3,892,264	$4,971,508	$-204,293
2023	$2,827,015	$3,576,927	$5,179,931	$-749,912
2022	$2,821,798	$3,469,570	$5,428,384	$-647,772
2021	$3,167,635	$2,948,425	$5,145,534	$219,210
2020	$2,628,654	$2,770,957	$5,080,145	$-142,303
2019	$2,695,833	$2,594,911	$4,629,452	$100,922
2018	$2,777,689	$2,451,623	$4,480,732	$326,066