GREENWOOD CHARTER ACADEMY

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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

BRAD TEAGUE

Phone

8645806171

Tax Period

2024-07-01 to 2025-06-30

GREENWOOD CHARTER ACADEMY, founded in 2020, is a community nonprofit in the Education sector that reported $6.5M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $7.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

GREENWOOD CHARTER ACADEMY WILL CONTINUOUSLY DEVELOP THE NEXT GENERATION OF AMERICAN CITIZENS BY DEVELOPING CREATIVE, PROBLEM-SOLVING MINDS THROUGH THE EDUCATION OF THE WHOLE STUDENT. OUR SCHOOL WILL HAVE A CHALLENGING LEARNING ENVIRONMENT WITH HIGH EXPECTATIONS SET IN A CREATIVE AND CARING ATMOSPHERE TO GROW THE INTELLECTUAL, CHARACTER, PHYSICAL, SOCIAL, AND EMOTIONAL SIDES OF ALL OUR STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $6,103,428 Revenue: $40,839

THE SCHOOL COMPLETED ITS SECOND YEAR OF OPERATIONS WITH AN ENROLLMENT OF APPROXIMATELY 500 STUDENTS IN KINDERGARTEN THROUGH GRADE EIGHT.

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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 $6,364,440

Program Service Revenue $40,839

Investment Income $89,554

Other Revenue $0

TOTAL REVENUE $6,494,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,188,540

Fundraising Expenses $0

Program Expenses $6,103,428

Other Expenses $4,231,160

TOTAL EXPENSES $7,419,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,494,833	$4,883,617	+0.3%
Expenses	$7,419,700	$6,138,707	+0.2%
Net Income	$-924,867	$-1,015,199	-0.1%

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

102

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRITTANY BURWELL	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
STEPHEN SKELLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
COURTNEY SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
JACOB CHAPMAN	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
DAWN CALLAHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHELSEA BLAKELY	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
PHILLIP BAKER	BOARD MEMBER	2.00	Director	$0	$0	$0
AMANDA GREENE	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIE NATIONS	BOARD MEMBER	2.00	Director	$0	$0	$0
BRAD TEAGUE	INTERIM DIRECTOR	50.00	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	$6,494,833	$7,419,700	$22,248,420	$-924,867
2024	No data	No data	No data	No data