ANCHOR ACADEMY INC

EIN: 203300692 501(c)(3) Education

NORWALK, CT

Total Revenue
$1,192,845
Total Expenses
$1,120,725
Total Assets
$560,059
Net Assets
$448,770
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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
2005
Legal Domicile
CT
Principal Officer
GREGORY BISHOP
Phone
2038840926
Tax Period
2024-07-01 to 2025-06-30

ANCHOR ACADEMY INC, founded in 2005, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 6% surplus.

Mission

TO PROVIDE AN EDUCATION THAT IS BOTH APOSTOLIC AND CLASSIC FOR GRADES K-8TH GRADE.

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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 $175,145
Program Service Revenue $821,043
Investment Income $17,540
Other Revenue $179,117
TOTAL REVENUE $1,192,845

Expense Breakdown

Grants Paid $0
Salaries & Benefits $831,255
Fundraising Expenses $0
Program Expenses $1,078,838
Other Expenses $289,470
TOTAL EXPENSES $1,120,725

Year-over-Year Comparison

2024 2023 Change
Revenue $1,192,845 $1,117,320 +0.1%
Expenses $1,120,725 $1,100,016 +0.0%
Net Income $72,120 $17,304 +3.2%
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
5
Independent Members
5
Employees
19
Volunteers
55

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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN MARIE BRIONES CHAIRMAN 5.00
Officer Director
$0 $0 $0
STEVEN TAFURO VICE - CHAIRMAN 5.00
Officer Director
$0 $0 $0
GREGORY BISHOP TREASURER 5.00
Officer Director
$0 $0 $0
REV MICHAEL NOVOJOSKY SECRETARY 2.00
Officer Director
$0 $0 $0
JARED WOODARD TRUSTEE 2.00
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 $1,192,845 $1,120,725 $560,059 $72,120
2024 $1,117,320 $1,100,016 $455,763 $17,304
2023 $1,059,581 $969,965 $437,045 $89,616
2022 $676,568 $644,739 $347,417 $31,829
2021 $655,344 $549,059 $291,100 $106,285
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