MOUNT CARMEL ACADEMY (EIN 262759503) - 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

2008

Legal Domicile

Principal Officer

VICTOR BONNER JR

Phone

7136432008

Tax Period

2023-07-01 to 2024-06-30

MOUNT CARMEL ACADEMY, founded in 2008, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $434K, a strong 17% operating margin.

Mission

ACT AS A CONTRACT-CHARTER HIGH SCHOOL, TO PROVIDE A QUALITY COLLEGE-PREP HIGH SCHOOL EDUCATION FOR STUDENTS FROM SOUTHEAST HOUSTON METRO AREA.

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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 $2,542,866

Program Service Revenue $0

Investment Income $10,950

Other Revenue $0

TOTAL REVENUE $2,553,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,781,409

Fundraising Expenses $5,784

Program Expenses $2,069,932

Other Expenses $338,591

TOTAL EXPENSES $2,120,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,553,816	$1,743,756	+0.5%
Expenses	$2,120,000	$2,229,398	0.0%
Net Income	$433,816	$-485,642	-1.9%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR BONNER JR	BUSINESS MAN	N/A	Officer 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	$2,553,816	$2,120,000	$658,614	$433,816
2023	$1,743,756	$2,229,398	$800,085	$-485,642
2022	$1,585,510	$2,129,676	$783,522	$-544,166
2021	$2,164,623	$1,995,954	$1,248,698	$168,669
2020	$2,269,003	$2,258,940	$474,315	$10,063
2019	$2,439,235	$2,550,213	$460,228	$-110,978

MOUNT CARMEL ACADEMY