SCHOOL OF EXCELLENCE IN EDUCATION … - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

SYLVIA MITCHELL

Phone

2102392737

Tax Period

2024-07-01 to 2025-06-30

SCHOOL OF EXCELLENCE IN EDUCATION DBA LEGACY TRADITIONAL SCHOOLS-TEXAS, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $27.1M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $31.0M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO CHALLENGE YOUNG PEOPLE TO STRIVE FOR EXCELLENCE IN EVERY ASPECT OF THEIR LIVES ACADEMICALLY, SOCIALLY, MENTALLY, EMOTIONALLY, AND SPIRITUALLY.

Program Service Accomplishments

Program 1

Expenses: $26,187,840 Revenue: $1,904,405

PROVIDE EDUCATION TO OVER 2,000 YOUTHS AT THE ELEMENTARY, MIDDLE SCHOOL, AND HIGH SCHOOL LEVEL BY OPERATING AN OPEN ENROLLMENT CHARTER SCHOOL.

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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 $23,217,934

Program Service Revenue $1,904,405

Investment Income $1,960,394

Other Revenue $0

TOTAL REVENUE $27,082,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,793,541

Fundraising Expenses $82,820

Program Expenses $26,187,840

Other Expenses $17,187,692

TOTAL EXPENSES $30,981,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,082,733	$22,816,849	+0.2%
Expenses	$30,981,233	$28,962,263	+0.1%
Net Income	$-3,898,500	$-6,145,414	-0.4%

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

391

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

$57,406

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD WOODS	PRINCIPAL	50.00		$140,542	$0	$140,542
CHRISTOPHER TURNER	PRINCIPAL	50.00		$121,349	$0	$121,349
SYLVIA MITCHELL-THRU 625	SUPERINTENDENT	50.00	Officer	$57,406	$0	$57,406
BRITTANY JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK BRITTON	President	1.00	Officer Director	$0	$0	$0
DR YASAN GOODING	Vice President	1.00	Officer Director	$0	$0	$0
MAX GONZALEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA FREEMAN SCHUTZ-FROM 625	SUPERINTENDENT	50.00	Officer	$0	$0	$0
EDWARD WOODS-FROM 226	INT. SUPER.	50.00	Officer	$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	$27,082,733	$30,981,233	$101,283,232	$-3,898,500
2024	$22,816,849	$28,962,263	$109,326,906	$-6,145,414
2023	$14,254,836	$16,230,256	$118,001,469	$-1,975,420
2022	$8,440,956	$7,737,469	$62,298,531	$703,487
2021	$7,205,477	$6,941,027	$13,458,498	$264,450
2020	$7,140,132	$7,258,597	$10,627,273	$-118,465
2019	$7,719,632	$8,434,127	$11,309,533	$-714,495
2018	$7,927,355	$8,429,717	$11,953,310	$-502,362

SCHOOL OF EXCELLENCE IN EDUCATION DBA LEGACY TRADITIONAL SCHOOLS-TEXAS