PINEAPPLE COVE CLASSICAL ACADEMY AT LOCKMAR INC (EIN 853460208) - 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

2022

Principal Officer

NORDA GORDON

Phone

3214992585

Tax Period

2023-07-01 to 2024-06-30

PINEAPPLE COVE CLASSICAL ACADEMY AT LOCKMAR INC, founded in 2022, is a community nonprofit in the Education sector that reported $7.6M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $8.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO DEVELOP GRADUATES IN MIND AND CHARACTER THROUGH A CLASSICAL, CONTENT- RICH CURRICULUM THAT EMPHASIZES TEH PRINCIPLES OF CIRTUOUS LIVING, TRADITIONAL LEARNING, AND CIVIC RESPONSIBILITY. WE ARE BUILDING INTELLIGENT, VIRTUOUS, AMERCIAN CITIZENS.

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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 $6,923,382

Program Service Revenue $626,379

Investment Income $32,168

Other Revenue $0

TOTAL REVENUE $7,581,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,915,488

Fundraising Expenses $0

Program Expenses $5,065,672

Other Expenses $3,476,291

TOTAL EXPENSES $8,391,779

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,581,929	$5,980,263	+0.3%
Expenses	$8,391,779	$9,056,504	-0.1%
Net Income	$-809,850	$-3,076,241	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE CONTRERAS	BOARD MEMBER	N/A	Director	$0	$0	$0
ANGELA STURM ESQ	SECRETARY	N/A	Officer Director	$0	$0	$0
NORDA GORDON	PRESIDENT	N/A	Officer Director	$0	$0	$0
REBECCA NAGEL	BOARD MEMBER	N/A	Director	$0	$0	$0
NICOLE SILVESTRI	PARENT LIASO	N/A	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
2025	No data	No data	No data	No data
2024	$7,581,929	$8,391,779	$18,656,097	$-809,850
2023	$5,980,263	$9,056,504	$18,854,121	$-3,076,241

PINEAPPLE COVE CLASSICAL ACADEMY AT LOCKMAR INC