BEST ACADEMY INC

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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

EMILY PETERSON

Phone

6123819743

Tax Period

2023-07-01 to 2024-06-30

BEST ACADEMY INC, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $16.4M in total revenue in fiscal year 2023. Expenses of $19.5M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO INSTRUCT, EMPOWER, ENABLE AND GUIDE CHILDREN TO ACHIEVE SUPERIOR ACADEMIC, SOCIAL AND MORAL DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $17,686,073 Revenue: $11,227

HARVEST BEST ACADEMY PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 671 SCHOLARS IN KINDERGARTEN THROUGH EIGHTH 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,375,965

Program Service Revenue $11,227

Investment Income $12,050

Other Revenue $0

TOTAL REVENUE $16,399,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,627,904

Fundraising Expenses $0

Program Expenses $17,686,073

Other Expenses $8,881,946

TOTAL EXPENSES $19,509,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,399,242	$16,665,161	0.0%
Expenses	$19,509,850	$15,159,124	+0.3%
Net Income	$-3,110,608	$1,506,037	-3.1%

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

177

Volunteers

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

$309,470

Total Directors

$612,226

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC MAHMOUD	EXECUTIVE DI	40.00		$193,649	$13,409	$207,058
EMILY PETERSON	CHIEF ADMIN	40.00	Officer	$161,127	$19,828	$180,955
FATOU DIAHAME	BOARD MEMBER	40.00	Director	$122,757	$16,194	$138,951
JASON BURNS	DIRECTOR OF	40.00	Officer	$114,922	$13,593	$128,515
NICK BOETTCHER	BOARD MEMBER	40.00	Director	$112,500	$14,793	$127,293
RACHELLE LARSON	BOARD MEMBER	40.00	Director	$107,926	$16,003	$123,929
MEGHAN ROEGGE	BOARD MEMBER	40.00	Director	$84,993	$12,167	$97,160
SARAH SWANSON	BOARD MEMBER	40.00	Director	$64,545	$10,587	$75,132
LAYLA HAYOW	BOARD MEMBER	40.00	Director	$41,853	$7,908	$49,761
FOWSIYA DAHIR	BOARD MEMBER	1.00	Director	$0	$0	$0
EZRA HYLAND	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DEANDRA KNIGHTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LAQUITA LIMO	BOARD MEMBER	1.00	Director	$0	$0	$0
ANURA SI-ASAR	BOARD MEMBER	1.00	Director	$0	$0	$0
MARKANETTA SMITH	BOARD 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
2024	$16,399,242	$19,509,850	$12,162,385	$-3,110,608
2023	$16,665,161	$15,159,124	$15,163,606	$1,506,037
2022	$18,938,586	$13,414,498	$16,956,196	$5,524,088
2021	$14,343,198	$14,288,965	$10,985,443	$54,233
2020	$13,545,061	$13,378,207	$9,076,682	$166,854
2019	$12,697,027	$10,133,441	$9,458,388	$2,563,586
2018	$10,262,712	$12,482,237	$15,400,377	$-2,219,525