Laurelwood Academy Inc (EIN 930950453) - 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

1987

Legal Domicile

Principal Officer

Stephen Henton

Phone

5417268340

Tax Period

2023-07-01 to 2024-06-30

Laurelwood Academy Inc, founded in 1987, is a small nonprofit that reported $783K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION'S PURPOSE IS TO PROVIDE HIGH SCHOOL AGE STUDENTS WITH AN EDUCATION IN HARMONY WITH SEVENTH-DAY ADVENTIST PRINCIPLES AND PROVIDE A WORK-EDUCATION EXPERIENCE FOR EACH STUDENT. IN ADDITION, THE ORGANIZATION PROVIDES ASSISTANCE WITH ACADEMIC MINISTRY EDUCATION PROGRAMS AROUND THE WORLD THAT NEED ASSISTANCE IN PROVIDING UNIQUE WORK-ECUCATION CLASSES TO PREPARE FOREIGN STUDENTS FOR COLLEGE AND THE WORKPLACE.

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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 $763,927

Program Service Revenue $0

Investment Income $19,546

Other Revenue $0

TOTAL REVENUE $783,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,104

Fundraising Expenses $0

Program Expenses $762,432

Other Expenses $717,729

TOTAL EXPENSES $784,833

Year-over-Year Comparison

	2023	2022	Change
Revenue	$783,473	$606,129	+0.3%
Expenses	$784,833	$701,261	+0.1%
Net Income	$-1,360	$-95,132	-1.0%

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

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

$52,107

Total Directors

$61,707

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joan H Payne	Secretary	25.00	Officer Director	$18,000	$0	$18,000
Edith M Mulvihill	Treasurer	16.50	Officer Director	$17,307	$0	$17,307
Stephen Henton	President	25.00	Officer Director	$16,800	$0	$16,800
Kim Busl	Director	10.00	Director	$9,600	$0	$9,600
Colby Henton	Vice President	1.00	Officer Director	$0	$0	$0
Merlin Beerman	Director	1.00	Director	$0	$0	$0
William Hurtado	Director	1.00	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	$783,473	$784,833	$852,149	$-1,360
2023	$606,129	$701,261	$855,487	$-95,132
2022	$649,002	$574,499	$947,646	$74,503
2021	$256,486	$278,174	$873,104	$-21,688
2020	$574,047	$621,089	$840,259	$-47,042
2019	$801,049	$832,298	$693,225	$-31,249
2018	$1,143,120	$1,221,395	$781,432	$-78,275

Laurelwood Academy Inc