SARASOTA MILITARY ACADEMY FOUNDATION INC (EIN 821047032) - 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

2019

Legal Domicile

Principal Officer

DR THOMAS MCELHENY

Phone

9419261700

Tax Period

2023-07-01 to 2024-06-30

SARASOTA MILITARY ACADEMY FOUNDATION INC, founded in 2019, is a micro nonprofit that reported $1K in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $212K exceeded revenue, resulting in a 15203% operating deficit.

Mission

TO RECEIVE, ACCEPT AND ADMINISTER CONTRIBUTIONS FOR THE BENEFIT OF THE SARASOTA MILITARY ACADEMY SCHOOLS, TO AID AND ENRICH SCHOOL PROGRAMS AND ENHANCE THE LEARNING EXPERIENCE OF STUDENTS ATTENDING SMA.

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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 $1,385

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,385

Expense Breakdown

Grants Paid $203,526

Salaries & Benefits $0

Fundraising Expenses $5

Program Expenses $203,972

Other Expenses $8,424

TOTAL EXPENSES $211,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,385	$322,199	-1.0%
Expenses	$211,950	$530,214	-0.6%
Net Income	$-210,565	$-208,015	+0.0%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN KNISELY	TRUSTEE	1.00	Officer Director	$0	$0	$0
THOMAS J MCELHENY EDD	VICE CHAIR/TREASURER	1.00	Officer Director	$0	$0	$0
HERB JONES	CHAIR	4.00	Officer 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
2024	$1,385	$211,950	No data	$-210,565
2023	$322,199	$530,214	$231,930	$-208,015
2022	$280,511	$301,194	$442,597	$-20,683
2021	$413,994	$263,028	$450,830	$150,966
2020	$428,000	$38,652	$433,175	$389,348

SARASOTA MILITARY ACADEMY FOUNDATION INC