Morningside Academy (EIN 911183562) - 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

1983

Legal Domicile

Principal Officer

Kent Johnson

Phone

2067099500

Tax Period

2023-09-01 to 2024-08-31

Morningside Academy, founded in 1983, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Expenses of $3.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

Assessment and remediation of learning disabilities in children

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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 $111,379

Program Service Revenue $2,609,158

Investment Income $124,550

Other Revenue $-914

TOTAL REVENUE $2,844,173

Expense Breakdown

Grants Paid $4,100

Salaries & Benefits $1,919,422

Fundraising Expenses $166,997

Program Expenses $2,583,532

Other Expenses $1,311,401

TOTAL EXPENSES $3,234,923

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,844,173	$2,846,509	0.0%
Expenses	$3,234,923	$3,578,432	-0.1%
Net Income	$-390,750	$-731,923	-0.5%

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

$260,250

Total Directors

$497,138

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Denton	Director of Technology	40	Highest	$131,238	$16,449	$147,687
Kent Johnson PhD	President, Executive Director Emertius	40	Officer Director	$126,980	$4,252	$131,232
Andrew Kieta	Executive Director, Secretary & Treasurer	40	Officer Director	$100,602	$28,416	$129,018
Joanne K Robbins PhD	Board Director & Principal Emerita	40	Director	$124,410	$2,374	$126,784
Julian Gire	Board Director, School Psychologist, and Associate Director	40	Director	$103,875	$6,229	$110,104

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
2024	$2,844,173	$3,234,923	$7,530,823	$-390,750
2023	$2,846,509	$3,578,432	$7,825,290	$-731,923
2022	$6,518,784	$2,980,936	$4,301,915	$3,537,848
2021	$3,063,165	$2,527,813	$1,095,874	$535,352
2020	$2,521,965	$2,721,614	$946,673	$-199,649
2019	$2,604,177	$2,708,655	$885,216	$-104,478
2018	$2,805,198	$2,673,609	$1,116,538	$131,589

Morningside Academy