Farmington Academy Inc

EIN: 201571082 501(c)(3) Education

Avon, CT

Total Revenue
$2,276,574
Total Expenses
$2,089,336
Total Assets
$2,211,041
Net Assets
$785,091
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
CT
Phone
8606772403
Tax Period
2024-07-01 to 2025-06-30

Farmington Academy Inc, founded in 2004, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 8% surplus.

Mission

Our mission at The Farmington Valley Academy Montessori is to offer an excellent education characterized by intellectual rigor combined with personal warmth. Dr. Maria Montessori's principles and the insights and ideas of other gifted educators form a broad foundation for the school's philosophy and curriculum. We seek to create an optimal environment for each student to gain the confidence and desire to develop to his or her fullest potential across a wide range of experiences. We consider ourselves to have succeeded when we have fostered in each student a sense of respect for themselves and others, an inner expectation of personal responsibility, academic achievement that matches potential, and a love of learning.

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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 $52,600
Program Service Revenue $2,176,447
Investment Income $22,482
Other Revenue $25,045
TOTAL REVENUE $2,276,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,139,357
Fundraising Expenses $6,071
Program Expenses $1,886,047
Other Expenses $949,979
TOTAL EXPENSES $2,089,336

Year-over-Year Comparison

2024 2023 Change
Revenue $2,276,574 $2,037,293 +0.1%
Expenses $2,089,336 $2,162,683 0.0%
Net Income $187,238 $-125,390 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
7
Employees
41
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
4
$227,584
Total Directors
9
$227,584
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON HEALY Executive Dir. 40.00
Officer Director
$138,694 $0 $138,694
Debra Parenti Secretary 40.00
Officer Director
$88,890 $0 $88,890
Peter Christman Chairman 1.00
Officer Director
$0 $0 $0
Joe Capozzoli Treasurer 1.00
Officer Director
$0 $0 $0
Janet Landry Member 1.00
Director
$0 $0 $0
Jamie Cunningham Member 1.00
Director
$0 $0 $0
Dr Eva Ceranowicz member 1.00
Director
$0 $0 $0
Larry Byrnes Member 1.00
Director
$0 $0 $0
DR ARTHUR B LANDRY III MD Member 1.00
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 $2,276,574 $2,089,336 $2,211,041 $187,238
2024 $2,037,293 $2,162,683 $3,824,019 $-125,390
2023 $2,152,500 $2,135,711 $3,865,289 $16,789
2022 $2,015,462 $1,803,507 $1,384,256 $211,955
2021 $1,857,315 $1,857,303 $1,333,029 $12
2020 $1,635,049 $1,667,989 $1,342,723 $-32,940
2019 $1,815,040 $1,778,457 $1,183,707 $36,583
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