FOUNDATION ACADEMY INCORPORATED (EIN 260675871) - 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

2007

Legal Domicile

Principal Officer

C David Massa

Phone

4195269540

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION ACADEMY INCORPORATED, founded in 2007, is a community nonprofit in the Education sector that reported $5.8M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $5.7M left a modest 3% surplus.

Mission

To provide opportunities for educational choice to students and families of this community. The organization is primarily engaged in providing instructional services to enrolled students in grades K-8.

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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 $5,842,247

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,842,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,433,789

Fundraising Expenses $0

Program Expenses $5,651,084

Other Expenses $2,217,295

TOTAL EXPENSES $5,651,084

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,842,247	$6,250,094	-0.1%
Expenses	$5,651,084	$5,725,604	0.0%
Net Income	$191,163	$524,490	-0.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

$7,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adriana Miranda	Board Member	1.0	Director	$1,250	$0	$1,250
Dr Tom Gregory	Board Member	1.0	Director	$1,250	$0	$1,250
Susan Lehr	Board Member	1.0	Director	$1,125	$0	$1,125
Alex Rocks	Board Member	1.0	Director	$1,125	$0	$1,125
Ed Corley	Board Member	1.0	Director	$1,000	$0	$1,000
Michael Howard	Board Member	1.0	Director	$750	$0	$750
Sherry Branham	Board Member	1.0	Director	$750	$0	$750

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	$5,842,247	$5,651,084	$12,559,167	$191,163
2024	$6,250,094	$5,725,604	$12,742,448	$524,490
2023	$7,106,934	$5,577,198	$12,336,025	$1,529,736
2022	$7,179,260	$4,529,893	$10,358,646	$2,649,367
2021	$6,277,446	$4,850,348	$7,601,312	$1,427,098
2020	$5,229,085	$4,077,954	$5,612,992	$1,151,131
2019	$3,899,047	$3,274,719	$4,848,909	$624,328
2018	$3,887,792	$2,135,020	$4,402,891	$1,752,772

FOUNDATION ACADEMY INCORPORATED