SUNCOAST SCHOOL FOR INNOVATIVE STUDIES INC (EIN 650854393) - 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

1998

Legal Domicile

Principal Officer

SHERIKA EVANS

Phone

9419534433

Tax Period

2023-07-01 to 2024-06-30

SUNCOAST SCHOOL FOR INNOVATIVE STUDIES INC, founded in 1998, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 36% operating deficit.

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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 $1,501,370

Program Service Revenue $0

Investment Income $0

Other Revenue $268,547

TOTAL REVENUE $1,769,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,269,308

Fundraising Expenses $0

Program Expenses $1,921,562

Other Expenses $1,131,605

TOTAL EXPENSES $2,400,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,769,917	$2,267,720	-0.2%
Expenses	$2,400,913	$2,512,691	0.0%
Net Income	$-630,996	$-244,971	+1.6%

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

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

$90,462

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY PRESTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
JAKOB HART	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TERRELL NEAL	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID ZUSPANN	DIRECTOR	2.00	Director	$0	$0	$0
FAYTH JENKINS	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$90,462	$0	$90,462

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	$1,769,917	$2,400,913	$738,993	$-630,996
2023	$2,267,720	$2,512,691	$1,439,167	$-244,971
2022	$2,458,870	$2,796,122	$672,211	$-337,252
2021	$3,011,198	$2,482,323	$1,421,600	$528,875
2020	$3,545,613	$3,625,818	$795,308	$-80,205
2019	$4,130,234	$4,211,179	$521,592	$-80,945
2018	$4,459,798	$4,312,980	$649,818	$146,818

SUNCOAST SCHOOL FOR INNOVATIVE STUDIES INC