SUNCOAST CAREER ACADEMY INC (EIN 833039656) - 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

BRADLEY HERREMANS

Phone

8136454681

Tax Period

2023-04-01 to 2024-03-31

SUNCOAST CAREER ACADEMY INC, founded in 2019, is a small nonprofit in the Education sector that reported $347K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $406K exceeded revenue, resulting in a 17% operating deficit.

Mission

SERVE THE POPULATION WITHIN HILLSBOROUGH COUNTY AND THE OTHER SURROUNDING AREAS BY PROVIDING HIGH QUALITY, AFFORDABLE, AND COMPREHENSIVE HEALTHCARE EDUCATION TO ADULT LEARNERS.

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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 $13,003

Program Service Revenue $334,090

Investment Income $0

Other Revenue $0

TOTAL REVENUE $347,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,012

Other Expenses $405,775

TOTAL EXPENSES $405,775

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,093	$273,874	+0.3%
Expenses	$405,775	$267,352	+0.5%
Net Income	$-58,682	$6,522	-10.0%

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

N/A

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

$765,723

Total Directors

$1,918,117

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT MORALES	CHAIR	0.50	Officer Director	$0	$7,880	$158,043
EDWARD MARTINBOR	VICE CHAIR	0.50	Officer Director	$0	$10,314	$171,803
DIANA LOPEZ	SECRETARY	0.50	Officer Director	$0	$7,969	$142,164
ROBERT RODRIGUEZ	TREASURER	0.50	Officer Director	$0	$15,880	$293,713
AURA CISNEROS DMD	BOARD MEMBER	0.50	Director	$0	$31,130	$274,351
BRADLEY HERREMANS	BOARD MEMBER	0.50	Director	$0	$14,766	$352,973
BRIAN SHAUB	BOARD MEMBER	0.50	Director	$0	$17,069	$316,522
JEFF HUNT	BOARD MEMBER	0.50	Director	$0	$17,023	$208,548

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	$347,093	$405,775	$581,319	$-58,682
2023	$273,874	$267,352	$162,962	$6,522
2022	$201,525	$183,539	$172,465	$17,986

SUNCOAST CAREER ACADEMY INC