SOUTHSIDE ACADEMY INCORPORATED (EIN 872120620) - 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

2021

Legal Domicile

Principal Officer

JESSE LEWIS

Phone

2522123441

Tax Period

2023-07-01 to 2024-06-30

SOUTHSIDE ACADEMY INCORPORATED, founded in 2021, is a small nonprofit in the Education sector that reported $430K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $489K exceeded revenue, resulting in a 14% operating deficit.

Mission

WE EXIST TO FOSTER HOPE IN GOD BY PROVIDING CHILDREN WITH A REMARKABLE, GOD-CENTERED EDUCATION THAT BOTH CHALLENGES THEM AND MAKES LEARNING FUN WE ARE COMMITTED TO ENSURING THAT EVERY CHILD HAS ACCESS TO A QUALITY, CHRIST-CENTERED EDUCATION REGARDLESS OF THEIR INCOME.

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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 $396,457

Program Service Revenue $13,963

Investment Income $0

Other Revenue $19,101

TOTAL REVENUE $429,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $360,542

Fundraising Expenses $2,415

Program Expenses $485,301

Other Expenses $128,873

TOTAL EXPENSES $489,415

Year-over-Year Comparison

	2023	2022	Change
Revenue	$429,521	$289,694	+0.5%
Expenses	$489,415	$341,086	+0.4%
Net Income	$-59,894	$-51,392	+0.2%

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

Employees

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

$55,710

Total Directors

$55,710

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN NALE	CHAIRMAN	N/A	Officer Director	$0	$0	$0
JESSICA LEVY	SECRETARY	40.00	Officer Director	$55,710	$0	$55,710
JESSE LEWIS	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
KATHERINE STARLING	DIRECTOR	N/A	Director	$0	$0	$0
JOHN JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
MONIQUE SHERROD	DIRECTOR	N/A	Director	$0	$0	$0
RAYSHOUN CHAMBERS	DIRECTOR	N/A	Director	$0	$0	$0
MORGAN MOSS	DIRECTOR	N/A	Director	$0	$0	$0
SHARON KRALICK	DIRECTOR	N/A	Director	$0	$0	$0
EDWARD BUNN	DIRECTOR	N/A	Director	$0	$0	$0
TIM FRAZIER	DIRECTOR	N/A	Director	$0	$0	$0
TREY SANDERSON	DIRECTOR	N/A	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	$429,521	$489,415	$8,620	$-59,894
2023	$289,694	$341,086	$68,446	$-51,392
2022	$135,978	$19,327	$116,651	$116,651

SOUTHSIDE ACADEMY INCORPORATED