Socrates Academy Inc (EIN 201361228) - 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

John Couchell

Phone

7043211711

Tax Period

2024-07-01 to 2025-06-30

Socrates Academy Inc, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $13.7M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $11.9M left a modest 13% surplus.

Mission

Operate a 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 (2024)

Revenue Breakdown

Contributions & Grants $11,692,773

Program Service Revenue $300,360

Investment Income $38,365

Other Revenue $1,699,190

TOTAL REVENUE $13,730,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,339,072

Fundraising Expenses $0

Program Expenses $9,201,891

Other Expenses $3,599,675

TOTAL EXPENSES $11,938,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,730,688	$10,640,730	+0.3%
Expenses	$11,938,747	$12,304,192	0.0%
Net Income	$1,791,941	$-1,663,462	-2.1%

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

165

Volunteers

200

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

$102,373

Key Employees

$184,991

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lena Bakis	Business Manager	40.00	Key Emp	$42,508	$0	$42,508
Vanessa Morgan	Asst Business Mgr	40.00	Key Emp	$40,110	$0	$40,110
John Couchell	President	2.00	Officer Director	$0	$0	$0
Despina Koumantarous	Treasurer	2.00	Officer Director	$0	$0	$0
Antonis Stylianou	V President	2.00	Officer Director	$0	$0	$0
Zoi Philippakos	Member	2.00	Director	$0	$0	$0
Dr Premkumar Pugalenthi	Member	2.00	Director	$0	$0	$0
Klea Miho	Member	2.00	Director	$0	$0	$0
Vanessa Baker	Principal	40.00	Director Key Emp Highest	$102,373	$0	$102,373
Brenda Bilal	Member	2.00	Director	$0	$0	$0
Janis Dellinger-Holton	Member	2.00	Director	$0	$0	$0
Ryan Leak	Secretary	2.00	Officer 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
2025	$13,730,688	$11,938,747	$10,209,723	$1,791,941
2024	No data	No data	No data	No data
2023	$9,329,665	$8,606,495	$8,977,389	$723,170
2022	$8,884,634	$7,493,020	$5,671,073	$1,391,614
2021	$7,974,700	$6,690,430	$4,819,836	$1,284,270
2020	$6,940,900	$7,026,557	$3,971,311	$-85,657

Socrates Academy Inc