THE NORTHWEST FLORIDA ACADEMY INC (EIN 823415474) - 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

2018

Legal Domicile

Principal Officer

DANIEL L NELSON

Tax Period

2023-01-01 to 2023-12-31

THE NORTHWEST FLORIDA ACADEMY INC, founded in 2018, is a small nonprofit in the Education sector that reported $225K in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO ASSIST CHILDREN, WITH LEARNING DIFFERENCES, IN ACQUIRING THE SKILLS AND SELF-CONFIDENCE NEEDED TO BECOME INDEPENDENT LEARNERS. WE DO THIS THROUGH DIRECT COLLABORATION WITH FAMILIES AND CUSTOMIZED INSTRUCTIONS IN RESEARCH VALIDATED PROGRAM

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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 $0

Program Service Revenue $224,775

Investment Income $0

Other Revenue $0

TOTAL REVENUE $224,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,921

Fundraising Expenses $0

Program Expenses $173,920

Other Expenses $144,184

TOTAL EXPENSES $234,105

Year-over-Year Comparison

	2023	2022	Change
Revenue	$224,775	$227,094	0.0%
Expenses	$234,105	$240,693	0.0%
Net Income	$-9,330	$-13,599	-0.3%

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

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

$52,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL L NELSON	PRESIDENT	40.00	Officer	$52,500	$0	$52,500
MAUREEN JONES	DIRECTOR	0.00	Officer	$0	$0	$0
SANDRA HARRINGTON	DIRECTOR	0.00	Officer	$0	$0	$0
PAULA M NELSON	VICE-PRESIDENT	10.00	Officer	$0	$0	$0
BOBBY GREEN	TREASURER	0.00	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
2024	No data	No data	No data	No data
2023	$224,775	$234,105	$1,493	$-9,330
2022	$227,094	$240,693	$11,683	$-13,599
2021	$275,404	$300,318	$23,204	$-24,914

THE NORTHWEST FLORIDA ACADEMY INC