DESTINY SCHOOL INCORPORATED (EIN 860904562) - 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

1998

Legal Domicile

Principal Officer

NANCY MCLENDON

Phone

9284250925

Tax Period

2024-07-01 to 2025-06-30

DESTINY SCHOOL INCORPORATED, founded in 1998, is a community nonprofit in the Education sector that reported $5.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE EACH STUDENT A DIVERSE EDUCATION IN A SAFE, SUPPORTIVE ENVIRONMENT THAT PROMOTES SELF-DISCIPLINE, MOTIVATION, AND EXCELLENCE IN LEARNING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,506,229

Program Service Revenue $200

Investment Income $3,742

Other Revenue $59,598

TOTAL REVENUE $5,569,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,151,051

Fundraising Expenses $0

Program Expenses $4,986,567

Other Expenses $1,335,024

TOTAL EXPENSES $5,486,075

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,569,769	$5,021,052	+0.1%
Expenses	$5,486,075	$4,605,987	+0.2%
Net Income	$83,694	$415,065	-0.8%

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

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

$249,788

Total Directors

$433,402

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY MCLENDON	PRESIDENT/CEO	40.00	Officer Director	$99,826	$44,401	$144,227
DAVID MCLENDON	MEMBER/DIRECTOR	40.00	Officer Director	$95,625	$9,936	$105,561
CARDELLA M WILLIAMSON	MEMBER/TEACHER	40.00	Director	$62,383	$6,539	$68,922
SCOTT WILLIAMSON	MEMBER/TEACHER	40.00	Director	$81,102	$33,590	$114,692

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
2025	$5,569,769	$5,486,075	$3,616,601	$83,694
2024	No data	No data	No data	No data
2023	$4,854,185	$4,070,469	$2,974,189	$783,716
2022	$4,435,698	$3,894,986	$2,239,851	$540,712
2021	$3,754,054	$3,505,530	$1,722,944	$248,524

DESTINY SCHOOL INCORPORATED