GLADES ACADEMY INC

EIN: 651032601 501(c)(3) Philanthropy & Grantmaking

PALM BEACH, FL

Total Revenue
$3,940,600
Total Expenses
$3,626,685
Total Assets
$2,974,821
Net Assets
$2,048,418
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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
2000
Legal Domicile
FL
Principal Officer
EMILIA FANJUL
Phone
5619249402
Tax Period
2024-07-01 to 2025-06-30

GLADES ACADEMY INC, founded in 2000, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.9M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $3.6M left a modest 8% surplus.

Mission

THE ORGANIZATIONOPERATE A CHARTER SCHOOL FOR LOW INCOME FAMILIES IN PAHOKEE, FLORIDA.THE PRIMARY GOAL OF THE SCHOOL IS TO PROVIDE A RIGOROUS, SYSTEMATIC INTENSE INSTRUCTIONAL PROGRAM FOR READING, WRITING AND MATH ALIGNED

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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 $3,940,600
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,940,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,182,381
Fundraising Expenses $0
Program Expenses $3,214,132
Other Expenses $1,444,304
TOTAL EXPENSES $3,626,685

Year-over-Year Comparison

2024 2023 Change
Revenue $3,940,600 $4,266,944 -0.1%
Expenses $3,626,685 $3,569,373 +0.0%
Net Income $313,915 $697,571 -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
6
Independent Members
6
Employees
30
Volunteers
N/A

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
$124,120
Total Directors
8
$0
Key Employees
1
$124,120
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VINNISHA JONES PRINCIPAL 40.00
Officer Key Emp
$124,120 $0 $124,120
EMILIA FANJUL BOARD CHAIR 10.00
Officer Director
$0 $0 $0
THOMAS SUTTERFIELD TREASURER/SECRETARY 3.00
Officer Director
$0 $0 $0
LILLIA AZQUETTA DIRECTOR 1.00
Director
$0 $0 $0
RAUL CARDENAS DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE MCDERMOTT DIRECTOR 1.00
Director
$0 $0 $0
GUILLERMO RIVERA DIRECTOR 1.00
Director
$0 $0 $0
MAUREEN JOHNSTON DIRECTOR 1.00
Director
$0 $0 $0
CHARLES SHAW DIRECTOR 1.00
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
2025 $3,940,600 $3,626,685 $2,974,821 $313,915
2024 $4,266,944 $3,569,373 $3,278,714 $697,571
2023 $3,225,863 $3,321,103 $1,933,016 $-95,240
2023 $3,225,863 $3,321,103 $1,933,016 $-95,240
2022 $3,166,960 $2,584,733 $1,527,940 $582,227
2021 $2,498,415 $2,615,663 $907,960 $-117,248
2020 $2,383,366 $2,741,168 $778,043 $-357,802
2019 $2,562,154 $2,393,572 $1,074,675 $168,582
2018 $2,335,440 $2,353,171 $959,215 $-17,731
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