GRAY COLLEGIATE ACADEMY INC (EIN 800912325) - 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

2013

Legal Domicile

Principal Officer

PENNIE PEAGLER

Phone

8039513321

Tax Period

2023-07-01 to 2024-06-30

GRAY COLLEGIATE ACADEMY INC, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $11.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $10.5M left a modest 11% surplus.

Mission

MISSION: GRAY COLLEGIATE ACADEMY (GCA) SERVES HIGH SCHOOL STUDENTS IN A SAFE, SMALL, FAMILY-CENTERED ENVIRONMENT WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, AND ELITE ATHELETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,629,721

Program Service Revenue $981,092

Investment Income $203,643

Other Revenue $0

TOTAL REVENUE $11,814,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,439,221

Fundraising Expenses $0

Program Expenses $8,361,669

Other Expenses $5,100,840

TOTAL EXPENSES $10,540,061

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,814,456	$9,892,030	+0.2%
Expenses	$10,540,061	$11,016,425	0.0%
Net Income	$1,274,395	$-1,124,395	-2.1%

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

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

$359,628

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PENNIE PEAGLER	BOARD CHAIR/PRES	20.00	Officer Director	$0	$0	$0
ANDY MARKL	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
CHRIS GREER	SEC/TREAS	0.00	Officer Director	$0	$0	$0
ANDY MARKL	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL BOULWARE	DIRECTOR	0.00	Director	$0	$0	$0
WAYNE MCKIM	DIRECTOR	0.00	Director	$0	$0	$0
MCKENZIE LONG	DIRECTOR	0.00	Director	$0	$0	$0
WILLIAM B NEWSOME	SCHOOL PRINCIPAL	60.00	Officer	$215,948	$0	$215,948
MARTY RAWLS	CFO	55.00	Officer	$143,680	$0	$143,680

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	No data	No data	No data	No data
2024	$11,814,456	$10,540,061	$27,099,074	$1,274,395
2023	$9,892,030	$11,016,425	$26,896,133	$-1,124,395
2022	$8,205,578	$8,141,955	$28,495,542	$63,623
2021	$7,397,949	$5,814,178	$14,454,216	$1,583,771
2020	$5,601,432	$5,990,809	$12,877,443	$-389,377
2019	$5,376,152	$5,034,265	$9,816,263	$341,887

GRAY COLLEGIATE ACADEMY INC