BAY HAVEN CHARTER ACADEMY INC

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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

2001

Legal Domicile

Principal Officer

LAURA ADAMS

Phone

8502483500

Tax Period

2024-07-01 to 2025-06-30

BAY HAVEN CHARTER ACADEMY INC, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $43.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $9.7M, a strong 22% operating margin.

Mission

AS A COMMUNITY SCHOOL OF "CHOICE" FOR TEACHERS, PARENTS & STUDENTS, BHCA, INC.'S MISSION IS TO STRIVE TOGETHER TO TEACH BEYOND THE STANDARDS IN ORDER TO MEET EACH CHILD'S NEEDS BY MOTIVATING STUDENTS TO REACH THEIR UNIQUE POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $23,675,147 Revenue: $3,663,857

BAY HAVEN CHARTER ACADEMY, INC. ENROLLED CHILDREN IN PRESCHOOL THROUGH TWELFTH GRADE. WE SERVE APPROXIMATELY 3,300 STUDENTS BETWEEN FIVE CHARTER SCHOOLS (TWO ELEMENTARY SCHOOLS, TWO MIDDLE SCHOOLS...

BAY HAVEN CHARTER ACADEMY, INC. ENROLLED CHILDREN IN PRESCHOOL THROUGH TWELFTH GRADE. WE SERVE APPROXIMATELY 3,300 STUDENTS BETWEEN FIVE CHARTER SCHOOLS (TWO ELEMENTARY SCHOOLS, TWO MIDDLE SCHOOLS, AND ONE HIGH SCHOOL AS WELL AS TWO PRESCHOOL PROGRAMS). WE ALSO OFFER VARIOUS SERVICES TO STUDENTS LIKE AFTERCARE, LUNCH PROGRAMS, AND SUMMER PROGRAMS.

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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 $39,400,021

Program Service Revenue $2,376,914

Investment Income $207,868

Other Revenue $1,286,943

TOTAL REVENUE $43,271,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,217,360

Fundraising Expenses $0

Program Expenses $23,675,147

Other Expenses $10,344,283

TOTAL EXPENSES $33,561,643

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,271,746	$39,636,041	+0.1%
Expenses	$33,561,643	$36,878,793	-0.1%
Net Income	$9,710,103	$2,757,248	+2.5%

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

Governance

Voting Members

Independent Members

Employees

628

Volunteers

784

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

$157,395

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYCE WILSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTTI HANEY	DIRECTOR	1.00	Director	$0	$0	$0
LANCE MARRANO	DIRECTOR	1.00	Director	$0	$0	$0
TIM PARKER	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON ALDRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
WAYLON THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY ENNIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB AMIN	DIRECTOR	1.00	Director	$0	$0	$0
LAURA ADAMS	CFO	40.00	Officer	$157,395	$0	$157,395
NELSON STEVENSON	FORMER CEO	40.00		$141,009	$0	$141,009

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	$43,271,746	$33,561,643	$87,700,187	$9,710,103
2024	$39,636,041	$36,878,793	$79,458,168	$2,757,248
2023	$34,036,867	$32,819,220	$73,551,408	$1,217,647
2022	$32,779,151	$32,102,616	$71,580,549	$676,535
2021	$30,327,754	$29,035,767	$72,477,162	$1,291,987
2020	$29,888,680	$27,028,893	$69,187,748	$2,859,787
2019	$27,509,002	$24,123,604	$66,763,277	$3,385,398
2018	$25,383,730	$23,564,490	$61,870,685	$1,819,240