THE GRAY ACADEMY (EIN 831590154) - 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

KRISTEN GRAY

Phone

3103935115

Tax Period

2023-01-01 to 2023-12-31

THE GRAY ACADEMY, founded in 2018, is a small nonprofit in the Education sector that reported $236K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $494K exceeded revenue, resulting in a 109% operating deficit.

Mission

MANAGE, OPERATE, GUIDE, DIRECT AND PROMOTE A SCHOOL FOR CHILDREN WITH NEUROLOGICAL DISORDERS.

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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 $39,677

Program Service Revenue $196,539

Investment Income $0

Other Revenue $0

TOTAL REVENUE $236,216

Expense Breakdown

Grants Paid $169,231

Salaries & Benefits $127,913

Fundraising Expenses $3,153

Program Expenses $419,633

Other Expenses $197,104

TOTAL EXPENSES $494,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,216	$743,557	-0.7%
Expenses	$494,248	$266,254	+0.9%
Net Income	$-258,032	$477,303	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTEN GRAY	DIRECTOR & CEO	40.00	Officer Director	$0	$0	$0
GORDON GRAY	DIRECTOR & SECRETARY	2.00	Officer Director	$0	$0	$0
EMILY PARK	DIRECTOR & CFO	1.00	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	No data	No data	No data	No data
2023	$236,216	$494,248	$421,323	$-258,032
2022	$743,557	$266,254	$685,985	$477,303
2021	$351,604	$239,642	$208,682	$111,962
2020	$259,138	$273,041	$98,566	$-13,903
2019	$285,398	$305,168	$116,227	$-19,770
2018	$253,300	$122,907	$131,126	$130,393

THE GRAY ACADEMY