PIKE SCHOOL CORPORATION INC A/K/A PARKLANE ACADEMY (EIN 640503063) - 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

JACK HENDERSON

Phone

6016848113

Tax Period

2023-07-01 to 2024-06-30

PIKE SCHOOL CORPORATION INC A/K/A PARKLANE ACADEMY, founded in 1970, is a community nonprofit in the Education sector that reported $7.1M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 24% operating margin.

Mission

PARKLANE ACADEMY, A PARENT-GOVERNED, COLLEGE PREPERATORY SCHOOL, EXISTS TO CHALLENGE YOUNG CHRISTIAN MEN AND WOMEN TO LOVE OTHERS AS THEMSELVES AND TO GROW IN KNOWLEDGE AND SKILL IN ORDER THAT THEY MAY SERVE OTHERS THROUGH THEIR CHARACTER AND LEADERSHIP.

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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 $524,055

Program Service Revenue $4,261,324

Investment Income $2,125,806

Other Revenue $204,534

TOTAL REVENUE $7,115,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,163,137

Fundraising Expenses $0

Program Expenses $3,936,062

Other Expenses $2,255,150

TOTAL EXPENSES $5,418,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,115,719	$5,706,827	+0.2%
Expenses	$5,418,287	$5,117,036	+0.1%
Net Income	$1,697,432	$589,791	+1.9%

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

105

Volunteers

100

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

$157,414

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK HENDERSON	ADMINISTRATO	40.00	Officer	$157,414	$0	$157,414
RUSS CARRUTH	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN DALE DUMAS	PRESIDENT	3.00	Officer Director	$0	$0	$0
SARA HEMPHILL	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HONEA	DIRECTOR	1.00	Director	$0	$0	$0
JOE KYZAR	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN MELTON	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY TURNAGE	VICE PRESIDE	1.00	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
2025	No data	No data	No data	No data
2024	$7,115,719	$5,418,287	$7,404,355	$1,697,432
2023	$5,706,827	$5,117,036	$5,416,032	$589,791
2022	$5,948,949	$5,175,900	$5,088,888	$773,049
2021	$5,554,907	$4,469,894	$4,762,637	$1,085,013
2020	$4,660,040	$4,518,074	$3,583,461	$141,966
2019	$4,482,166	$4,530,500	$2,938,860	$-48,334
2018	$4,510,677	$4,804,120	$2,959,691	$-293,443

PIKE SCHOOL CORPORATION INC A/K/A PARKLANE ACADEMY