MADISON-RIDGELAND ACADEMY (EIN 640478043) - 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

1969

Legal Domicile

Principal Officer

TERMIE LAND

Phone

6018564455

Tax Period

2023-06-01 to 2024-05-31

MADISON-RIDGELAND ACADEMY, founded in 1969, is a mid-sized nonprofit in the Education sector that reported $20.7M in total revenue in fiscal year 2023. Expenses of $17.7M left a modest 14% surplus.

Mission

INDEPENDENT SCHOOL (GRADES K-3 THROUGH 12)

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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 $3,317,377

Program Service Revenue $16,998,309

Investment Income $201,654

Other Revenue $202,550

TOTAL REVENUE $20,719,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,617,769

Fundraising Expenses $45,000

Program Expenses $15,339,483

Other Expenses $7,114,671

TOTAL EXPENSES $17,732,440

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,719,890	$21,236,224	0.0%
Expenses	$17,732,440	$16,251,027	+0.1%
Net Income	$2,987,450	$4,985,197	-0.4%

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

Employees

356

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

$238,931

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERMIE LAND	HEAD OF SCHO	40.00	Key Emp	$238,931	$0	$238,931
GREG SELF	HS PRINCIPAL	40.00	Highest	$162,809	$0	$162,809
HERBERT DAVIS	HS DEAN OF S	40.00	Highest	$110,688	$0	$110,688
KEVIN BAILEY	TREASURER -	1.00	Officer Director	$0	$0	$0
MARGARET BIGGS	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA DUNCAN	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE EDGAR	TRUSTEE	1.00	Director	$0	$0	$0
DAVID FINNEGAN	TRUSTEE	1.00	Director	$0	$0	$0
NEIL FORBES	TRUSTEE	1.00	Director	$0	$0	$0
KYLE FULCHER	VICE PRES. -	1.00	Officer Director	$0	$0	$0
BRAD GATLIN	TRUSTEE	1.00	Director	$0	$0	$0
ALAN HART	PRESIDENT -	1.00	Officer Director	$0	$0	$0
BRYAN KING	TRUSTEE	1.00	Director	$0	$0	$0
KEITH KINKADE	TRUSTEE	1.00	Director	$0	$0	$0
MONA MCBRIDE	SECRETARY -	1.00	Officer Director	$0	$0	$0
AMANDA POLLES	TRUSTEE	1.00	Director	$0	$0	$0
CLINT SUMRALL	TRUSTEE	1.00	Director	$0	$0	$0
CARL VENABLE	TRUSTEE	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	$20,719,890	$17,732,440	$36,342,620	$2,987,450
2023	$21,236,224	$16,251,027	$33,345,098	$4,985,197
2022	$17,543,993	$15,009,615	$29,135,034	$2,534,378
2021	$15,978,879	$13,481,589	$27,917,662	$2,497,290
2020	$13,005,947	$12,475,275	$27,395,291	$530,672
2019	$12,506,904	$11,956,019	$26,601,195	$550,885

MADISON-RIDGELAND ACADEMY