SUNCOAST ACADEMY FL INC (EIN 931338725) - 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

2023

Legal Domicile

Principal Officer

KELLI HALLOCK

Phone

7208377300

Tax Period

2024-06-01 to 2025-05-31

SUNCOAST ACADEMY FL INC, founded in 2023, is a small nonprofit in the Education sector that reported $251K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $239K left a modest 5% surplus.

Mission

SUNCOAST ACADEMY EXISTS TO GLORIFY GOD THROUGH THE EMPOWERMENT OF STUDENTS, PARENTS, AND TEACHERS IN HARMONY WITH ACADEMIC EXCELLENCE WITHIN A BROAD CHRISTIAN FRAMEWORK. OUR GOAL IS TO CULTIVATE A LOVE OF LEARNING IN EACH STUDENT, ONE THAT IS NOT FORCED, BUT NATURALLY DERIVED. BY ENCOURAGING A PASSION TO LEARN, OUR STAFF IS COMMITTED TO FOSTERING NOT JUST RIGOROUS ACADEMICS, BUT SPIRITUAL WISDOM, CHRISTIAN CHARACTER, AND WITH THE GOAL OF PREPARING OUR STUDENTS TO HAVE HEARTS AND MINDS FILLED WITH CHRIST'S LOVE THAT CAN BE CARRIED OUT INTO THEIR COMMUNITIES FOR FUTURE GENERATIONS. WE DESIRE TO COLLABORATE AND EQUIP PARENTS IN THEIR ROLE AS THE PRIMARY EDUCATORS OF THEIR CHILDREN BY PARTNERING TO ENSURE THAT EVERY STUDENT IS GROWING IN THEIR FAITH AND CHALLENGED IN THEIR ACADEMICS.

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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 $12,394

Program Service Revenue $236,608

Investment Income $1,510

Other Revenue $0

TOTAL REVENUE $250,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $233,783

Other Expenses $238,618

TOTAL EXPENSES $238,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,512	$197,624	+0.3%
Expenses	$238,618	$158,091	+0.5%
Net Income	$11,894	$39,533	-0.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER DOUGLASS	TREASURER	N/A	Director	$0	$0	$0
CHERYL HALLOCK	SECRETARY	N/A	Director	$0	$0	$0
KELLI HALLOCK	PRESIDENT	N/A	Director	$0	$0	$0
TIMOTHY SHERRY	VICE PRESIDE	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	$250,512	$238,618	$51,927	$11,894
2024	$197,624	$158,091	$40,033	$39,533

SUNCOAST ACADEMY FL INC