THE SCHOOLS OF MCKEEL ACADEMY INC (EIN 650854467) - 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

MICHELE SPURGEON

Phone

8636804047

Tax Period

2024-07-01 to 2025-06-30

THE SCHOOLS OF MCKEEL ACADEMY INC, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $36.7M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

A HIGH-QUALITY, INNOVATIVE, TECHNOLOGY-INTEGRATED EDUCATIONAL CHOICE FOR PARENTS AND STUDENTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $33,090,110

Program Service Revenue $3,278,838

Investment Income $312,536

Other Revenue $21,721

TOTAL REVENUE $36,703,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,588,566

Fundraising Expenses $0

Program Expenses $29,123,890

Other Expenses $11,111,583

TOTAL EXPENSES $35,700,149

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,703,205	$42,449,897	-0.1%
Expenses	$35,700,149	$42,538,893	-0.2%
Net Income	$1,003,056	$-88,996	-12.3%

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

441

Volunteers

972

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

$1,364,025

Total Directors

$185,197

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE SPURGEON	PRESIDENT / DIRECTOR OF SCHOOLS	40.00	Officer Director	$164,373	$20,824	$185,197
ALAIN NUNEZ	TREASURER / DIRECTOR OF FINANCE	40.00	Officer Director	$0	$0	$0
STEPHANIE CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
FRANK MCCAULLEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CLANTON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PEEPLES	DIRECTOR	1.00	Director	$0	$0	$0
SETH MCKEEL	DIRECTOR	1.00	Director	$0	$0	$0
SHEENA BUTTS	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP WALKER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
JEAN EISENHARDT	SECRETARY	3.00	Officer	$0	$0	$0
ALAN BLACK	CHIEF STRATEGIC OFFICER	40.00	Officer	$181,059	$35,808	$216,867
KIM BENSON	PRINCIPAL	40.00	Officer	$140,781	$27,298	$168,079
LINDA ACOCELLI	ASSISTANT PRINCIPAL	40.00	Officer	$114,446	$21,733	$136,179
RONALD BLACK	FACILITIES	40.00	Officer	$129,302	$16,044	$145,346
MARK DUNSFORD	ASSISTANT PRINCIPAL	40.00	Officer	$111,662	$13,640	$125,302
ANGELA MASSUNG	PRINCIPAL	40.00	Officer	$112,985	$13,820	$126,805
JOHN MASSUNG	ASSISTANT PRINCIPAL	40.00	Officer	$118,715	$14,601	$133,316
MICHELLE POPPELL	PRINCIPAL	40.00	Officer	$113,099	$13,835	$126,934

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	$36,703,205	$35,700,149	$42,983,168	$1,003,056
2024	No data	No data	No data	No data
2023	$37,746,797	$36,209,305	$41,316,774	$1,537,492
2022	$32,368,033	$29,318,040	$39,834,851	$3,049,993
2021	$30,435,201	$29,480,464	$29,801,467	$954,737
2020	$27,363,457	$27,456,895	$27,564,137	$-93,438
2019	$27,429,031	$25,734,782	$25,452,971	$1,694,249

THE SCHOOLS OF MCKEEL ACADEMY INC