ACADEMY OF DOVER CHARTER SCHOOL

EIN: 141882967 501(c)(3) Education

DOVER, DE

Total Revenue
$9,119,546
Total Expenses
$8,569,752
Total Assets
$15,484,091
Net Assets
$-3,037,354
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
DE
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

AT THE ACADEMY OF DOVER CHARTER SCHOOL EACH CHILD IS A VALUED AND UNIQUE INDIVIDUAL. THE EDUCATIONAL PROCESS IS STUDENT CENTERED AND ACHIEVED BY PARTNERSHIPS INVOLVING STUDENTS, PARENTS, AND STAFF WHERE EACH CHILD EMBRACES THE LOVE, JOY, AND VALUE OF EDUCATION.

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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 (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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
38

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
$85,700
Total Directors
8
$206,092
Key Employees
0
$0
Highest Compensated
0
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
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