Sharon School of Excellence

EIN: 650667019 501(c)(3) Education

Miramar, FL

Total Revenue
$374,801
Total Expenses
$463,356
Total Assets
$2,612
Net Assets
$-495,881
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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
1996
Legal Domicile
FL
Phone
9542742366
Tax Period
2023-01-01 to 2023-12-31

Sharon School of Excellence, founded in 1996, is a small nonprofit in the Education sector that reported $375K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $463K exceeded revenue, resulting in a 24% operating deficit.

Mission

To be the leader in providing christian based teaching aimed at promoting educational growth, development and progress for the benefit of young people in Broward County Florida and surrounding areas.

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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 (2023)

Revenue Breakdown

Contributions & Grants $374,801
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $374,801

Expense Breakdown

Grants Paid $0
Salaries & Benefits $177,863
Fundraising Expenses $0
Program Expenses $357,077
Other Expenses $285,493
TOTAL EXPENSES $463,356

Year-over-Year Comparison

2023 2022 Change
Revenue $374,801 $506,975 -0.3%
Expenses $463,356 $703,463 -0.3%
Net Income $-88,555 $-196,488 -0.5%
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
5
Independent Members
3
Employees
9
Volunteers
7

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
$196,384
Total Directors
3
$64,480
Key Employees
2
$196,384
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Sherron Parrish CEO 25.00
Officer Key Emp Highest
$51,996 $110,336 $162,332
Carl Parrish Jr Director/Principal 25.00
Officer Key Emp
$34,052 $0 $34,052
Elizabeth Scott VP 20.00
Officer Director
$0 $0 $0
Royanne Mitchell Director 40.00
Director
$0 $64,480 $64,480
Dr Chukwudi Ihenetu Director 4.00
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
2023 $374,801 $463,356 $2,612 $-88,555
2022 $506,975 $703,463 $23,188 $-196,488
2020 $277,387 $502,912 $44,181 $-225,525
2019 $767,070 $724,125 $41,266 $42,945
2018 $945,737 $885,169 $84,460 $60,568
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