WESTLAKE ACADEMY INC (EIN 880813068) - 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

Legal Domicile

Principal Officer

C David Massa

Phone

4402013874

Tax Period

2024-07-01 to 2025-06-30

WESTLAKE ACADEMY INC, founded in 2022, is a small nonprofit in the Education sector that reported $520K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $685K exceeded revenue, resulting in a 32% operating deficit.

Mission

We are a tuition-free, EK-2 public charter school. Our talented educators build on each child's natural curiosity and sense of wonder. Students stretch their minds and bodies as they explore a developmentally appropriate curriculum where social-emotional learning combines with academic fundamentals.

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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 $519,626

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $519,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,844

Fundraising Expenses $0

Program Expenses $685,146

Other Expenses $414,302

TOTAL EXPENSES $685,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$519,626	$286,664	+0.8%
Expenses	$685,146	$438,604	+0.6%
Net Income	$-165,520	$-151,940	+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

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

$5,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Greg Margevicius	Board Member	1.0	Director	$1,125	$0	$1,125
Elizabeth Haavisto	Board Member	1.0	Director	$1,000	$0	$1,000
Edwin Oliveros	Board Member	1.0	Director	$1,000	$0	$1,000
Jonathan Petrea	Board President	2.0	Director	$875	$0	$875
Danielle Munk	Board Member	1.0	Director	$875	$0	$875
Darvio Morrow	Board Member	1.0	Director	$625	$0	$625

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	$519,626	$685,146	$241,614	$-165,520
2024	$286,664	$438,604	$127,903	$-151,940
2023	$109,797	$319,606	$44,580	$-209,809

WESTLAKE ACADEMY INC