MARION ACADEMY INC (EIN 630958471) - 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

1988

Legal Domicile

Principal Officer

KEN SHELDON

Phone

0033468382

Tax Period

2023-06-01 to 2024-05-31

MARION ACADEMY INC, founded in 1988, is a small nonprofit in the Education sector that reported $315K in total revenue in fiscal year 2018. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $386K exceeded revenue, resulting in a 22% operating deficit.

Mission

ELEMENTARY AND SECONDARY EDUCATION FACILTIY (GRADES K-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 (2023)

Revenue Breakdown

Contributions & Grants $51,800

Program Service Revenue $124,513

Investment Income $6

Other Revenue $0

TOTAL REVENUE $176,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,853

Fundraising Expenses $0

Program Expenses $174,265

Other Expenses $33,507

TOTAL EXPENSES $199,360

Year-over-Year Comparison

	2023	2022	Change
Revenue	$176,319	$260,786	-0.3%
Expenses	$199,360	$279,378	-0.3%
Net Income	$-23,041	$-18,592	+0.2%

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

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	Role	Reportable Comp	Other Comp	Total
CASEY DUNAWAY	TREASURER	Officer Director	$0	$0	$0
JONATHAN GOODE	VICE CHAIRMA	Officer Director	$0	$0	$0
PATSY PAGAN	MEMBER	Director	$0	$0	$0
DAVID SANDERS	MEMBER	Director	$0	$0	$0
KEN SHELDON	CHAIRMAN	Officer Director	$0	$0	$0
SHANNON ZUMWALT	SECRETARY	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
2025	No data	No data	No data	No data
2024	$176,319	$199,360	$53,407	$-23,041
2024	$17,532	$23,868	$50,026	$-6,336
2023	$260,786	$279,378	$74,598	$-18,592
2022	$241,455	$265,635	$37,907	$-24,180
2021	$608,057	$248,320	$60,175	$359,737
2020	$352,604	$339,232	$189,313	$13,372
2019	$315,474	$386,255	$193,313	$-70,781

MARION ACADEMY INC