FAMILY ACADEMY (EIN 943114821) - 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

1981

Legal Domicile

Principal Officer

tammie elliott

Phone

8668798919

Tax Period

2023-09-01 to 2024-08-31

FAMILY ACADEMY, founded in 1981, is a small nonprofit that reported $140K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $221K exceeded revenue, resulting in a 58% operating deficit.

Mission

Support family directed education through a unique blend of private school and homeschool extension services.

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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 $30,837

Program Service Revenue $109,584

Investment Income $0

Other Revenue $-783

TOTAL REVENUE $139,638

Expense Breakdown

Grants Paid $450

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $221,319

Other Expenses $220,869

TOTAL EXPENSES $221,319

Year-over-Year Comparison

	2023	2022	Change
Revenue	$139,638	$241,079	-0.4%
Expenses	$221,319	$141,119	+0.6%
Net Income	$-81,681	$99,960	-1.8%

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

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
Tammie Elliott	CEO	5	Officer	$0	$0	$0
Diana McAlister	Parliamentarian	1	Officer	$0	$0	$0
Rebecca Rosenthal	Treasurer	1	Officer	$0	$0	$0
Maggie Dail	Advisory Chair	1	Officer	$0	$0	$0
John Elliott	Secretary	1	Officer	$0	$0	$0
Bob Green	Secretary	1	Officer	$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
2024	$139,638	$221,319	$89,071	$-81,681
2023	$241,079	$141,119	$168,323	$99,960

FAMILY ACADEMY