TALLAHASSEE CLASSICAL SCHOOL INC (EIN 823285428) - 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

2017

Legal Domicile

Principal Officer

LINDSAY RANDALL

Phone

8502961970

Tax Period

2024-07-01 to 2025-06-30

TALLAHASSEE CLASSICAL SCHOOL INC, founded in 2017, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $4.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A CONTENT-RICH CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE.

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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 $482,602

Program Service Revenue $2,804,861

Investment Income $0

Other Revenue $330,637

TOTAL REVENUE $3,618,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,079,400

Fundraising Expenses $0

Program Expenses $3,435,121

Other Expenses $1,961,919

TOTAL EXPENSES $4,041,319

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,618,100	$4,599,147	-0.2%
Expenses	$4,041,319	$4,747,884	-0.1%
Net Income	$-423,219	$-148,737	+1.8%

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

$74,160

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAM GRIGGS	BOARD MEMBER	10.00	Director	$0	$0	$0
LINDSAY RANDALL	TREASURER	2.00	Officer Director	$0	$0	$0
OLUGBENGA ANUBI	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW MEINER	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUIS JEAN-BAPTISTE	CHAIR	1.00	Officer Director	$0	$0	$0
APRIL FINNEY	EXECUTIVE DIRECTOR	40.00	Officer	$72,000	$2,160	$74,160

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	$3,618,100	$4,041,319	$12,383,093	$-423,219
2024	No data	No data	No data	No data
2023	$6,421,583	$6,266,686	$13,375,644	$154,897
2022	$4,398,413	$6,374,567	$13,473,669	$-1,976,154
2021	$4,666,074	$4,269,833	$12,977,617	$396,241
2020	$181,034	$286,583	$8,885,769	$-105,549

TALLAHASSEE CLASSICAL SCHOOL INC