SOUTH CHOCTAW ACADEMY INC

EIN: 630585997 501(c)(3) Education

TOXEY, AL

Total Revenue
$1,542,129
Total Expenses
$1,641,699
Total Assets
$764,809
Net Assets
$715,317
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
AL
Principal Officer
CHRIS JIMERSON
Phone
2518432426
Tax Period
2024-01-01 to 2024-12-31

SOUTH CHOCTAW ACADEMY INC, founded in 1970, is a small nonprofit in the Education sector that reported $916K in total revenue in fiscal year 2019.

Mission

TO PROVIDE A COLLEGE-PREPARATORY AND CAREER-ORIENTED CURRICULUM IN A CHRISTIAN ENVIROMENT THAT CHALLENGES EACH STUDENT TO EXCEL IN ACADEMICS, CHARACTER,DEVELOPMENT, AND PREPARATION FOR LIFE.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $105,170
Program Service Revenue $1,428,328
Investment Income $8,631
Other Revenue $0
TOTAL REVENUE $1,542,129

Expense Breakdown

Grants Paid $0
Salaries & Benefits $770,285
Fundraising Expenses $19,240
Program Expenses $1,558,852
Other Expenses $871,414
TOTAL EXPENSES $1,641,699

Year-over-Year Comparison

2024 2023 Change
Revenue $1,542,129 $1,581,820 0.0%
Expenses $1,641,699 $556,021 +2.0%
Net Income $-99,570 $1,025,799 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
60
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
7
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BLAKE COX BOARD MEMBER 2.00
Officer Director
$0 $0 $0
COLE FLOYD BOARD MEMBER 2.00
Officer Director
$0 $0 $0
CHRIS JIMERSON PRESIDENT 2.00
Officer Director
$0 $0 $0
JENA PERRY BOARD MEMBER 2.00
Officer Director
$0 $0 $0
DOUG PRESLEY VICE PRESIDE 2.00
Officer Director
$0 $0 $0
WADE SIMMONS BOARD MEMBER 2.00
Officer Director
$0 $0 $0
NICHOLE TURNER BOARD MEMBER 2.00
Officer 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
2024 $1,542,129 $1,641,699 $764,809 $-99,570
2023 $1,581,820 $1,478,380 $794,307 $103,440
2022 $1,300,981 $1,351,139 $689,294 $-50,158
2021 $910,030 $982,248 $759,140 $-72,218
2020 $941,169 $948,490 $702,100 $-7,321
2019 $916,429 $992,604 $562,261 $-76,175
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