Truxton Academy Charter School (EIN 832503414) - 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

Korinne L'Hommedieu

Phone

6078426252

Tax Period

2023-07-01 to 2024-06-30

Truxton Academy Charter School, founded in 2019, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 25% operating deficit.

Mission

The School will cultivate an enthusiasm for learning through project based curriculum.

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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 $38,555

Program Service Revenue $1,022,138

Investment Income $96

Other Revenue $0

TOTAL REVENUE $1,060,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $976,158

Fundraising Expenses $0

Program Expenses $1,151,600

Other Expenses $349,100

TOTAL EXPENSES $1,325,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,060,789	$1,755,508	-0.4%
Expenses	$1,325,258	$1,449,360	-0.1%
Net Income	$-264,469	$306,148	-1.9%

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

$108,524

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stuart Young	President	3.00	Officer Director	$0	$0	$0
Krysta Austen	Vice President	4.00	Officer Director	$0	$0	$0
Korinne L'Hommedieu	Treasurer	10.00	Officer Director	$0	$0	$0
Thomas Brown	Secretary	10.00	Officer Director	$0	$0	$0
Lucinda Denkenberger	Board Member	1.00	Director	$0	$0	$0
Carol Woodhouse	Board Member	2.00	Director	$0	$0	$0
Jeff Perry	Board Member	2.00	Director	$0	$0	$0
Kerryanne C Schenck	Head of School (through 10/23)	40.00	Officer	$59,076	$6,149	$65,225
Patricia Dawson	Executive Director (beginning 01/24)	40.00	Officer	$31,724	$1,687	$33,411
Scott Anderson	Principal (beginning 01/24)	40.00	Officer	$0	$9,888	$9,888

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	$1,060,789	$1,325,258	$975,274	$-264,469
2023	$1,755,508	$1,449,360	$1,301,019	$306,148
2022	$1,346,460	$1,094,997	$880,250	$251,463
2021	$1,032,442	$894,011	$644,174	$138,431

Truxton Academy Charter School