GENESIS ACADEMY INC

EIN: 260175731 501(c)(3) Education

BURNSVILLE, NC

Total Revenue
$320,881
Total Expenses
$340,622
Total Assets
$323,274
Net Assets
$315,840
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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
2007
Legal Domicile
NC
Principal Officer
KENNY WILSON
Phone
8285364819
Tax Period
2025-01-01 to 2025-12-31

GENESIS ACADEMY INC, founded in 2007, is a small nonprofit in the Education sector that reported $321K in total revenue in fiscal year 2025.

Mission

TO OPERATE A PRE-SCHOOL AND AFTER-SCHOOL PROGRAMS FOR ALL RESIDENTS OF THE YANCEY COUNTY

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,016
Program Service Revenue $318,865
Investment Income $0
Other Revenue $0
TOTAL REVENUE $320,881

Expense Breakdown

Grants Paid $0
Salaries & Benefits $210,306
Fundraising Expenses $0
Program Expenses $340,622
Other Expenses $130,316
TOTAL EXPENSES $340,622

Year-over-Year Comparison

2025 2024 Change
Revenue $320,881 $330,763 0.0%
Expenses $340,622 $299,155 +0.1%
Net Income $-19,741 $31,608 -1.6%
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
9
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAMILE GOUGE SECRETARY N/A
Director
$0 $0 $0
JASON KING TREASURER N/A
Officer
$0 $0 $0
KENNY WILSON PRESIDENT N/A
Officer
$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 $320,881 $340,622 $323,274 $-19,741
2024 $330,763 $299,155 $342,605 $31,608
2023 $376,238 $330,107 $311,849 $46,131
2022 $332,990 $293,541 $266,087 $39,449
2021 $273,940 $222,374 $244,521 $51,566
2020 $176,450 $176,243 $226,231 $207
2019 $210,949 $209,100 $235,782 $1,849
2018 $297,169 $245,132 $216,153 $52,037
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