THE DELTA ACADEMY (EIN 204009997) - 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

2011

Legal Domicile

Principal Officer

DR KYLE KONOLD

Phone

7023962252

Tax Period

2022-07-01 to 2023-06-30

THE DELTA ACADEMY, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $12.1M in total revenue in fiscal year 2022. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 24% operating margin.

Mission

THE DELTA ACADEMY IS A CHARTER SCHOOL SERVING NEVADA STUDENTS IN GRADES 6-12. OUR MISSION IS TO PROVIDE A SAFE AND NURTURING INSTRUCTIONAL ENVIRONMENT IN WHICH STUDENTS FROM VARIOUS BACKGROUNDS EXPAND THEIR KNOWLEDGE BASE TO FULFILL ACADEMIC AND PERSONAL GOALS THROUGH DIFFERENTIATED INSTRUCTION AND REINFORCEMENT OF POSITIVE CHARACTER TRAITS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,035,644

Program Service Revenue $9,982,630

Investment Income $2,002

Other Revenue $82,960

TOTAL REVENUE $12,103,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,754,475

Fundraising Expenses $0

Program Expenses $8,276,764

Other Expenses $6,489,319

TOTAL EXPENSES $9,243,794

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,103,236	$8,808,705	+0.4%
Expenses	$9,243,794	$7,083,249	+0.3%
Net Income	$2,859,442	$1,725,456	+0.7%

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

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

$258,327

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRIS ZEPPENFELD	BOARD MEMBER	1.00	Director	$0	$0	$0
DARA WINN	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
CYNTHIA JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
DR BRENDA PEARSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK ROSS	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
VIKKI COURTNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
RODNEY RICE	BOARD MEMBER	1.00	Director	$0	$0	$0
GWENETT LINDSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DR KYLE KONOLD	SUPERINTENDENT	40.00	Officer	$193,572	$64,755	$258,327
BRUCE CONGLETON	PRINCIPAL	40.00	Highest	$195,195	$64,367	$259,562
LASHTON FREDRICKS	ADMINISTRATOR	40.00	Highest	$100,911	$62,192	$163,103

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$12,103,236	$9,243,794	$9,121,179	$2,859,442
2022	$8,808,705	$7,083,249	$6,470,056	$1,725,456
2021	$6,413,830	$5,705,412	$2,819,242	$708,418

THE DELTA ACADEMY