Piney Woods School

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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

1913

Legal Domicile

Principal Officer

Willie Levi Crossley Jr

Phone

6018452214

Tax Period

2023-07-01 to 2024-06-30

Piney Woods School, founded in 1913, is a community nonprofit in the Education sector that reported $7.9M in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 19% operating margin.

Mission

Piney Woods Prepares leaders for tomorrow's challenges by empowering learners, regardless of income, with a holistic approach that devlops the head, heart, and hands, rooted in a faith-inspired community and inclusive African American ethos.

Program Service Accomplishments

Program 1

Expenses: $2,300,000

Academics is responsible for all courses for academic credit, student activity Etc.

Program 2

Expenses: $852,000

Food service, dormitories, laundry services, and stores for student services for students and faculty

Program 3

Expenses: $895,262

Occupancy, insurance, repair and maintenance, and other support services

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,610,945

Investment Income $0

Other Revenue $5,304,954

TOTAL REVENUE $7,915,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,084,379

Fundraising Expenses $0

Program Expenses $4,047,262

Other Expenses $3,296,555

TOTAL EXPENSES $6,380,934

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,915,899	$4,184,105	+0.9%
Expenses	$6,380,934	$4,629,573	+0.4%
Net Income	$1,534,965	$-445,468	-4.4%

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

N/A

Employees

N/A

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

$225,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Willie Levi Crossley Jr	President	40.00	Director	$225,000	$0	$225,000
Bradley Lewis	Member	1.00	Director	$0	$0	$0
Jane Stetson	Member	1.00	Director	$0	$0	$0
Renaisa Anthony	Member	1.00	Director	$0	$0	$0
Maj Gen Wallace C Arold	Member	1.00	Director	$0	$0	$0
Francene Young	Member	1.00	Director	$0	$0	$0
Glyn Booth	Member	1.00	Director	$0	$0	$0
Joe Camp	Member	1.00	Director	$0	$0	$0
Hester Clark	Member	1.00	Director	$0	$0	$0
William Coleman	Treasurer	1.00	Director	$0	$0	$0
Jeff Tweedy	Member	1.00	Director	$0	$0	$0
Elze Epps	Member	1.00	Director	$0	$0	$0
Tere Gade	Member	1.00	Director	$0	$0	$0
Tom Hassan	Member	1.00	Director	$0	$0	$0
Cathy Hughes	Member	1.00	Director	$0	$0	$0
Maurice Jenkins Jr	Chairman	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2024	$7,915,899	$6,380,934	$15,116,196	$1,534,965
2023	$4,184,105	$4,629,573	$14,161,295	$-445,468
2023	$7,340,620	$4,629,573	$16,480,445	$2,711,047
2022	$3,862,252	$4,047,685	$13,434,965	$-185,433
2017	$3,530,233	$4,004,596	$13,911,566	$-474,363