WEST SOUND ACADEMY (EIN 911879042) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

CATHERINE FREEMAN

Phone

3605985954

Tax Period

2023-07-01 to 2024-06-30

WEST SOUND ACADEMY, founded in 1998, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $473K, a strong 20% operating margin.

Mission

WEST SOUND ACADEMY SUPPORTS STUDENTS ALONG AN ENGAGING EDUCATIONAL JOURNEY WHERE THEY CAN IGNITE THEIR UNIQUE SPARK AND LEARN TO USE IT TO MAKE A POSTIVIE IMPACT IN THE WORLD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $339,693

Program Service Revenue $1,942,054

Investment Income $47,510

Other Revenue $21,749

TOTAL REVENUE $2,351,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,114,752

Fundraising Expenses $16,828

Program Expenses $1,597,440

Other Expenses $763,650

TOTAL EXPENSES $1,878,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,351,006	$1,778,990	+0.3%
Expenses	$1,878,402	$1,711,930	+0.1%
Net Income	$472,604	$67,060	+6.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$98,010

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW ALLEMAN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
VIRGINIA STAAB	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MAUREEN MCKEEMAN	GOVERNANCE CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN MCCALLISTER	FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
TAMAR LOWELL	TRUSTEE	1.00	Director	$0	$0	$0
MADELINE REEVES	TRUSTEE	1.00	Director	$0	$0	$0
ALLISON MCDONALD	TRUSTEE	1.00	Director	$0	$0	$0
TERI BARNETT	TRUSTEE	1.00	Director	$0	$0	$0
TEMRE JENKINS	TRUSTEE	1.00	Director	$0	$0	$0
CATHERINE FREEMAN	HEAD OF SCHOOL	40.00	Officer	$93,107	$4,903	$98,010

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	$2,351,006	$1,878,402	$5,338,504	$472,604
2023	$1,778,990	$1,711,930	$4,899,530	$67,060
2022	$1,887,174	$1,845,823	$4,846,840	$41,351
2021	$2,204,803	$1,880,285	$4,729,139	$324,518
2021	$2,499,441	$1,880,285	$5,023,777	$619,156
2020	$2,012,422	$1,983,923	$4,740,642	$28,499
2019	$2,236,060	$2,087,312	$4,692,485	$148,748

WEST SOUND ACADEMY