WILMINGTON ACE CHARTER INCORPORATED (EIN 134283294) - 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

2004

Legal Domicile

Principal Officer

KEVIN JOHNSON

Phone

9107996776

Tax Period

2023-07-01 to 2024-06-30

WILMINGTON ACE CHARTER INCORPORATED, founded in 2004, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023.

Mission

OPERATION OF A PUBLIC CHARTER SCHOOL

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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 $1,137,896

Program Service Revenue $0

Investment Income $75

Other Revenue $3,570

TOTAL REVENUE $1,141,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $841,560

Fundraising Expenses $0

Program Expenses $958,754

Other Expenses $350,106

TOTAL EXPENSES $1,191,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,141,541	$1,160,426	0.0%
Expenses	$1,191,666	$1,229,366	0.0%
Net Income	$-50,125	$-68,940	-0.3%

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

$109,494

Total Directors

$25,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY RUSHER	TREASURER	25.00	Officer Director	$25,700	$0	$25,700
VALERIE GALLOWAY	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
YOLANDA RHODES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CARLETTE GRISSETT	SECRETARY	1.00	Officer Director	$0	$0	$0
RAMONA RAGIN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN JOHNSON	PRINCIPAL	40.00	Officer	$83,794	$0	$83,794

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	$1,141,541	$1,191,666	$932,873	$-50,125
2023	$1,160,426	$1,229,366	$1,110,522	$-68,940
2022	$1,234,952	$1,146,081	$715,466	$88,871
2021	$1,301,454	$1,137,378	$731,874	$164,076
2020	$1,284,072	$1,258,352	$650,068	$25,720
2019	$1,239,747	$1,218,008	$618,295	$21,739
2018	$1,228,242	$1,265,682	$484,903	$-37,440

WILMINGTON ACE CHARTER INCORPORATED