THE RELLIS COMMERCIAL-DRIVER TRAINING ACADEMY (EIN 853114842) - 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

2020

Legal Domicile

Principal Officer

DREW T HONEYCUTT

Phone

8009675005

Tax Period

2023-01-01 to 2023-12-31

THE RELLIS COMMERCIAL-DRIVER TRAINING ACADEMY, founded in 2020, is a small nonprofit in the Education sector that reported $755K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $728K left a modest 3% surplus.

Mission

PROVIDE A FIRST-IN-CLASS COMMERCIAL DRIVER TRAINING ACADEMY, EXPANDING UPON WORKFORCE DEVELOPMENT AND RESEARCH OPPORTUNITIES.

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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 $604,694

Program Service Revenue $150,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $754,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $717,743

Other Expenses $728,388

TOTAL EXPENSES $728,388

Year-over-Year Comparison

	2023	2022	Change
Revenue	$754,694	$874,983	-0.1%
Expenses	$728,388	$881,247	-0.2%
Net Income	$26,306	$-6,264	-5.2%

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

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

$1,141,363

Total Directors

$1,237,055

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID S SHELTON	PRESIDENT	1.00	Officer Director	$0	$29,297	$391,249
JIM PECK	TREASURER	1.00	Officer Director	$0	$40,016	$351,102
DREW T HONEYCUTT	SECRETARY	1.00	Officer Director	$0	$40,766	$399,012
JAMES C DIXON RESIGNED	FORMER SECRE	1.00	Director	$0	$98	$95,692

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	$754,694	$728,388	$101,269	$26,306
2022	$874,983	$881,247	$156,563	$-6,264
2021	$468,000	$386,773	$81,227	$81,227

THE RELLIS COMMERCIAL-DRIVER TRAINING ACADEMY