SARASOTA MILITARY ACADEMY INC

EIN: 651149763 501(c)(3) Education

SARASOTA, FL

Total Revenue
$13,449,547
Total Expenses
$13,060,894
Total Assets
$20,846,969
Net Assets
$10,951,015
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
FL
Phone
9419261700
Tax Period
2024-07-01 to 2025-06-30

SARASOTA MILITARY ACADEMY INC, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $13.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

sarasota military academy is a high school for grades 9-12 and a middle school for grades 6-8. it is a not-for-profit organization that provides classes meeting the florida state instructional curriculum requirements for a high school. all high school students are required to enroll in jrotc classes and wear the u.s. army uniform. in addition to offering all state-mandated courses, classes in fencing, ham radio, show chorus, band and choir are also available. exceptional educational classes are offered as appropriate. participation in extracurricular activities is expected and includes teams in drill and raiders. we are also a member of the florida high school athletics association and have activities in golf, baseball, soccer, basketball, volleyball, cross country, track and wrestling. we are an army cadet command 'honor unit with distinction', and fully accredited with the southern association of colleges and schools/advanced. all middle school students are required to participate in

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $224,195
Program Service Revenue $13,127,017
Investment Income $36,336
Other Revenue $61,999
TOTAL REVENUE $13,449,547

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,637,612
Fundraising Expenses $0
Program Expenses $8,584,458
Other Expenses $4,423,282
TOTAL EXPENSES $13,060,894

Year-over-Year Comparison

2024 2023 Change
Revenue $13,449,547 $14,232,519 -0.1%
Expenses $13,060,894 $13,788,209 -0.1%
Net Income $388,653 $444,310 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
11
Employees
166
Volunteers
45

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MS CHRISTINA BOWMAN HEAD OF SCHOOL 50.00
$175,752 $23,180 $198,932
MR STEPHEN KOK DIRECTOR OF FINANCE 50.00
$151,817 $29,823 $181,640
MR TOM VARA HEAD OF SCHOOL PREP 50.00
$131,223 $16,443 $147,666
MS CHERYL KORWIN HEAD OF SCHOOL PREP 50.00
$94,910 $22,345 $117,255
DR THOMAS J MCELHENY Chairman 4.00
Officer Director
$0 $0 $0
MS ERICA GREGORY VICE CHAIR 2.00
Officer Director
$0 $0 $0
MR PETER SKOKOS ESQ Treasurer 2.00
Officer Director
$0 $0 $0
COL BEN KNISELY Secretary 4.00
Officer Director
$0 $0 $0
MR BRENT BOGART Director 1.00
Director
$0 $0 $0
MS HEATHER KOESTER Director 1.00
Director
$0 $0 $0
MS CARLOS MOREIRA Director 2.00
Director
$0 $0 $0
MR JERRY NEFF Director 2.00
Director
$0 $0 $0
MS MICHAEL TOLLERTON Director 2.00
Director
$0 $0 $0
MR RON SKIPPER Director 2.00
Director
$0 $0 $0
MR SCOTT LEMPE Director 1.00
Director
$0 $0 $0
MR RICHARD SWOOPE Director 2.00
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 $13,449,547 $13,060,894 $20,846,969 $388,653
2024 $14,232,519 $13,788,209 $20,872,944 $444,310
2023 $14,045,908 $13,666,329 $21,115,288 $379,579
2022 $13,409,207 $13,349,800 $20,925,288 $59,407
2021 $14,952,313 $13,208,183 $22,680,421 $1,744,130
2020 $12,944,388 $12,932,430 $24,040,084 $11,958
2019 $13,559,406 $14,173,845 $23,745,088 $-614,439
2018 $15,045,487 $14,361,503 $25,744,386 $683,984
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare SARASOTA MILITARY ACADEMY INC with other nonprofits in Florida and across the country.