Socrates Academy Foundation Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

Klea Miho

Phone

7043211711

Tax Period

2024-07-01 to 2025-06-30

Socrates Academy Foundation Inc, founded in 2008, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

To raise funds for Socrates Academy and lease real property to Socrates Academy.

Program Service Accomplishments

Program 1

Expenses: $2,608,783 Revenue: $2,469,798

Raise funds for the Socrates Academy, Inc. and lease the real estate to the school for the operation of the charter school.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $66,563

Program Service Revenue $1,555,093

Investment Income $721,509

Other Revenue $126,633

TOTAL REVENUE $2,469,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $91,677

Program Expenses $2,608,783

Other Expenses $2,709,528

TOTAL EXPENSES $2,709,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,469,798	$3,289,337	-0.2%
Expenses	$2,709,528	$2,099,891	+0.3%
Net Income	$-239,730	$1,189,446	-1.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Klea Miho	Chair	5.00	Officer Director	$0	$0	$0
Antonis Stylianou	Member	5.00	Director	$0	$0	$0
John Couchell	Member	5.00	Director	$0	$0	$0
Despina Koumantarcos	Member	5.00	Director	$0	$0	$0
Mitch Khristenberry	Vice Chair	5.00	Director	$0	$0	$0
Jessica Margolis	Secretary	5.00	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
2025	$2,469,798	$2,709,528	$38,062,828	$-239,730
2024	$3,289,337	$2,099,891	$35,396,859	$1,189,446
2023	$552,338	$894,728	$16,561,491	$-342,390
2022	$549,780	$836,600	$16,583,864	$-286,820
2021	$761,787	$641,672	$13,473,060	$120,115
2020	$835,425	$668,204	$11,832,859	$167,221
2019	$809,950	$694,541	$12,032,206	$115,409
2018	$823,179	$678,990	$12,352,873	$144,189