SYLVA-BAY ACADEMY INC

EIN: 640523715 501(c)(3) Education

BAY SPRINGS, MS

Total Revenue
$1,868,541
Total Expenses
$1,599,418
Total Assets
$1,862,294
Net Assets
$1,747,230
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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
1972
Legal Domicile
MS
Principal Officer
MAURY HULL
Phone
6017642157
Tax Period
2024-07-01 to 2025-06-30

SYLVA-BAY ACADEMY INC, founded in 1972, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 14% surplus.

Mission

BY UTILIZING AN INNOVATIVE CURRICULUM, RELEVANT TECHNOLOGY, AND CREATIVE METHODOLOGY WHICH ARE CONTINUALLY EVALUATED AND MODIFIED TO MEET THE NEEDS OF EACH STUDENT, SYLVA-BAY ACADEMY WILL PREPARE STUDENTS TO BECOME LIFE- LONG LEARNERS, RESPONSIBLE CITIZENS AND PRODUCTIVE MEMBERS OF SOCIETY. THE SCHOOL, AND RELATED STAKEHOLDERS WILL CULTIVATE EACH STUDENT'S POTENTIAL WITH A WELL-QUALIFIED AND CARING STAFF, CHALLENGING CURRICULUM, STRENUOUS AND COMPETITIVE ATHLETICS, AND EXTRA-CURRICULAR ACTIVITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $480,178
Program Service Revenue $1,364,731
Investment Income $23,632
Other Revenue $0
TOTAL REVENUE $1,868,541

Expense Breakdown

Grants Paid $0
Salaries & Benefits $845,241
Fundraising Expenses $52,165
Program Expenses $1,303,546
Other Expenses $754,177
TOTAL EXPENSES $1,599,418

Year-over-Year Comparison

2024 2023 Change
Revenue $1,868,541 $1,668,120 +0.1%
Expenses $1,599,418 $1,540,257 +0.0%
Net Income $269,123 $127,863 +1.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
39
Volunteers
20

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM BLAKENEY SECRETARY N/A
Officer Director
$0 $0 $0
JODY DOLAN DIRECTOR N/A
Director
$0 $0 $0
MAURY HULL PRESIDENT N/A
Officer Director
$0 $0 $0
TOMMY JONES VICE PRESIDE N/A
Officer Director
$0 $0 $0
CHAD ODOM DIRECTOR N/A
Director
$0 $0 $0
RONNIE PHILLIPS DIRECTOR N/A
Director
$0 $0 $0
MICAH POOLE DIRECTOR N/A
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 $1,868,541 $1,599,418 $1,862,294 $269,123
2024 $1,668,120 $1,540,257 $1,578,225 $127,863
2023 $1,698,658 $1,639,335 $1,584,815 $59,323
2022 $1,628,325 $1,508,889 $1,645,817 $119,436
2021 $1,869,091 $1,739,920 $997,237 $129,171
2020 $1,619,613 $1,606,963 $1,030,323 $12,650
2019 $1,575,931 $1,492,438 $891,900 $83,493
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