BEST ACADEMY INC

EIN: 261221063 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$16,399,242
Total Expenses
$19,509,850
Total Assets
$12,162,385
Net Assets
$-8,057,086
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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
MN
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.

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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 (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

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Governance

Voting Members
9
Independent Members
7
Employees
177
Volunteers
57

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
3
$309,470
Total Directors
12
$612,226
Key Employees
0
$0
Highest Compensated
0
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
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