ACADEMY OF DOVER CHARTER SCHOOL

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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

2003

Legal Domicile

Principal Officer

MONDARIA GALLOWAY

Phone

3026740684

Tax Period

2024-07-01 to 2025-06-30

ACADEMY OF DOVER CHARTER SCHOOL, founded in 2003, is a community nonprofit in the Education sector that reported $9.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $8.6M left a modest 6% surplus.

Mission

OUR MISSION IS TO CULTIVATE A NURTURING ENVIRONMENT THROUGH MEANINGFUL COLLABORATION WITH FAMILIES AND COMMUNITIES WHERE STUDENTS THRIVE ACADEMICALLY, SOCIALLY, AND EMOTIONALLY; EMPOWERING EVERY CHILD TO BECOME A COMPASSIONATE, CONFIDENT, AND ACTIVELY ENGAGED LEARNER

Program Service Accomplishments

Program 1

Expenses: $7,011,860 Revenue: $964,342

ACADEMY OF DOVER IS A PUBLIC CHARTER SCHOOL SERVING GRADES K-8. ACADEMY OF DOVER BELIEVES THAT OUR SMALL SCHOOL ENVIRONMENT, WHICH IS CHARACTERIZED BY RIGOROUS ACADEMIC AND BEHAVIORAL STANDARDS, HIGH EXPECTATIONS FOR STUDENTS AND STAFF, INDIVIDUALIZED RESPONSIVENESS TO STUDENT NEEDS, AND A NEVER ENDING PASSION FOR LEARNING, WILL PREPARE EACH OF OUR STUDENTS WITH THE EARLY FOUNDATION NECESSARY TO EXCEL BOTH ACADEMICALLY AND GLOBALLY IN ANY FUTURE ENDEAVOR.

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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 $8,049,996

Program Service Revenue $964,342

Investment Income $4,910

Other Revenue $100,298

TOTAL REVENUE $9,119,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,984,237

Fundraising Expenses $0

Program Expenses $7,011,860

Other Expenses $2,585,515

TOTAL EXPENSES $8,569,752

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,119,546	$8,286,147	+0.1%
Expenses	$8,569,752	$8,248,857	+0.0%
Net Income	$549,794	$37,290	+13.7%

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

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

$85,700

Total Directors

$206,092

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMEU W BOYNTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
BISHOP W JAMES THOMAS	TREASURER	2.00	Officer Director	$0	$0	$0
DR CHARLES FLETCHER	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARMAINE WHYTE	BOARD MEMBER	2.00	Director	$0	$0	$0
DR ESOSA IRIOWEN	PARENT REPRESENATIVE	2.00	Director	$0	$0	$0
DR VAL DEROCILLI	BOARD MEMBER	2.00	Director	$0	$0	$0
MONDARIA GALLOWAY	EXECUTIVE SECRETARY/HEAD O	40.00	Officer Director	$61,481	$24,219	$85,700
ADA TODD	TEACHER REPRESENTATIVE	40.00	Director	$69,701	$50,691	$120,392

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	$9,119,546	$8,569,752	$15,484,091	$549,794
2024	$8,286,147	$8,248,857	$15,757,953	$37,290
2023	$8,631,592	$7,736,912	$11,398,586	$894,680
2022	$6,921,955	$5,732,169	$9,845,949	$1,189,786
2021	$4,716,432	$4,516,526	$3,897,855	$199,906
2020	$3,663,346	$3,319,869	$1,417,147	$343,477
2019	$3,205,406	$3,072,030	$765,784	$133,376
2018	$2,975,985	$3,016,233	$878,160	$-40,248