TEXAS SERENITY ACADEMY INC (EIN 760575970) - 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

LARNETTA STEWART

Phone

2819318887

Tax Period

2021-09-01 to 2022-08-31

TEXAS SERENITY ACADEMY INC, founded in 1998, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2021. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $5.4M left a modest 7% surplus.

Mission

K-8 ACADEMIC EDUCATION

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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 (2021)

Revenue Breakdown

Contributions & Grants $5,794,775

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,794,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,972,599

Fundraising Expenses $0

Program Expenses $2,713,710

Other Expenses $2,430,317

TOTAL EXPENSES $5,402,916

Year-over-Year Comparison

	2021	2020	Change
Revenue	$5,794,775	$7,944,299	-0.3%
Expenses	$5,402,916	$7,458,068	-0.3%
Net Income	$391,859	$486,231	-0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ALFRED WILLIAMS RESIGNED 0422	PRESIDENT	Officer Director	$0	$0	$0
DAMON STEWARD RESIGNED 1121	BOARD MEMBER	Director	$0	$0	$0
DUSTIN SIMMONS RESIGNED 1121	BOARD MEMBER	Director	$0	$0	$0
GLORIA ROSE RESIGNED 1121	BOARD MEMBER	Director	$0	$0	$0
JAMIE SLAUGHTER RESIGNED 1222	VICE PRESIDENT	Officer Director	$0	$0	$0
OLGA AGUILAR RESIGNED 0722	BOARD MEMBER	Director	$0	$0	$0
KENNETH WHITE	BOARD SECRETARY	Officer Director	$0	$0	$0
SHALAN MITCHELL	PRESIDENT	Officer Director	$0	$0	$0
ROBIN ARMENDARIZ	BOARD MEMBER	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
2022	$5,794,775	$5,402,916	$2,048,347	$391,859
2021	$7,944,299	$7,458,068	$2,023,938	$486,231
2020	$6,883,915	$7,988,076	$3,130,533	$-1,104,161
2019	$6,568,427	$7,616,312	$1,136,130	$-1,047,885
2018	$7,133,496	$6,351,307	$1,954,988	$782,189

TEXAS SERENITY ACADEMY INC