AMITE SCHOOL CORPORATION (EIN 640477676) - Form 990 Financial Analysis & Trantor Score

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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

LEE CASEY

Phone

6016578896

Tax Period

2024-07-01 to 2025-06-30

AMITE SCHOOL CORPORATION, founded in 1970, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024.

Mission

COLLEGE PREPARATORY EDUCATIONAL INSTITUTION SERVING GRADES K-12. THE SCHOOL PROVIDES QUALITY COLLEGE PREPARATORY EDUCATION IN RURAL AREA WHILE ALSO PROVIDING RELATED EXTRACURRICULAR

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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 $85,773

Program Service Revenue $2,456,678

Investment Income $27,986

Other Revenue $0

TOTAL REVENUE $2,570,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,372,424

Fundraising Expenses $0

Program Expenses $2,339,212

Other Expenses $1,173,657

TOTAL EXPENSES $2,546,081

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,570,437	$2,614,514	0.0%
Expenses	$2,546,081	$2,630,052	0.0%
Net Income	$24,356	$-15,538	-2.6%

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

$6,250

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUSTIN BEAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN BIRDSONG	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRENNON WOMACK	DIRECTOR	1.00	Director	$0	$0	$0
APRIL PULLEN	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN BAGGETT	DIRECTOR	1.00	Director	$0	$0	$0
CHASE REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA HAYGOOD	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN B WALSH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN T KNIGHT	HEADMASTER	1.00	Key Emp	$6,250	$0	$6,250
SCOOTER TORREY	DIRECTOR	1.00	Director	$0	$0	$0
BUD SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JAY WATTS	HEADMASTER	100.00	Highest	$88,000	$0	$88,000
YANCEY WENTWORTH	DIRECTOR	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	$2,570,437	$2,546,081	$1,821,547	$24,356
2024	$2,614,514	$2,630,052	$2,031,696	$-15,538
2023	$2,405,268	$2,513,010	$1,886,447	$-107,742
2022	$2,175,695	$2,068,290	$1,396,018	$107,405
2021	$2,037,497	$1,921,585	$1,287,556	$115,912
2020	$1,738,236	$1,918,054	$980,351	$-179,818
2019	$2,028,631	$2,016,761	$967,596	$11,870
2018	$2,017,946	$1,948,338	$980,982	$69,608

AMITE SCHOOL CORPORATION