MILFORD ACADEMY INC

EIN: 060796368 501(c)(3)

New Berlin, NY

Total Revenue
$544,138
Total Expenses
$544,332
Total Assets
$91,808
Net Assets
$77,708
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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
1964
Legal Domicile
NY
Principal Officer
WILLIAM CHAPLICK
Phone
6078479260
Tax Period
2020-07-01 to 2021-06-30

MILFORD ACADEMY INC, founded in 1964, is a small nonprofit that reported $544K in total revenue in fiscal year 2020.

Mission

PROVIDE EDUCATION, ROOM AND BOARD TO HIGH SCHOOL AND POST HIGH SCHOOL GRADUATE STUDENT ATHLETES WHO REQUIRE ADDITIONAL EDUCATIONAL GUIDANCE AND/OR ATHLETIC TRAINING

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $544,138
Investment Income $0
Other Revenue $0
TOTAL REVENUE $544,138

Expense Breakdown

Grants Paid $0
Salaries & Benefits $128,711
Fundraising Expenses $0
Program Expenses $459,203
Other Expenses $415,621
TOTAL EXPENSES $544,332

Year-over-Year Comparison

2020 2019 Change
Revenue $544,138 $516,508 +0.1%
Expenses $544,332 $517,994 +0.1%
Net Income $-194 $-1,486 -0.9%
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

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Governance

Voting Members
3
Independent Members
3
Employees
13
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
3
$13,500
Total Directors
4
$13,500
Key Employees
1
$13,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM CHAPLICK DIRECTOR OF OPERATIONS/TREASURER 040.00
Officer Director Key Emp
$13,500 $0 $13,500
JOHN PACE VICE PRESIDENT N/A
Officer Director
$0 $0 $0
N/A SECRETARY N/A
Officer Director
$0 $0 $0
N/A DIRECTOR 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
2021 $544,138 $544,332 $91,808 $-194
2020 $516,508 $517,994 $127,797 $-1,486
2019 $571,142 $652,820 $141,512 $-81,678
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