Fortis AcademyIncorporated

🔒

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

Andrea Morgan

Phone

5124325152

Tax Period

2024-08-01 to 2025-07-31

Fortis AcademyIncorporated, founded in 2008, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

Providing classical college preparatory private education to students in grades K-12.

Program Service Accomplishments

Program 1

Expenses: $1,122,485 Revenue: $1,152,696

Classical college preparatory private education.

Program 2

Expenses: $57,251 Revenue: $70,721

Special Events/Electives

🔒

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 $26,250

Program Service Revenue $1,223,417

Investment Income $2,258

Other Revenue $-2,627

TOTAL REVENUE $1,249,298

Expense Breakdown

Grants Paid $213

Salaries & Benefits $1,030,953

Fundraising Expenses $0

Program Expenses $1,179,736

Other Expenses $328,882

TOTAL EXPENSES $1,360,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,249,298	$1,174,000	+0.1%
Expenses	$1,360,048	$1,128,901	+0.2%
Net Income	$-110,750	$45,099	-3.5%

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

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

$40,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Clay Meadows	Head of School	50.00	Officer	$40,833	$0	$40,833
Chris White	Treasurer	2.00	Officer Director	$0	$0	$0
Mike McKethan	Secretary	1.00	Officer Director	$0	$0	$0
Andrea Morgan	President	1.00	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
2025	$1,249,298	$1,360,048	$1,245,079	$-110,750
2024	No data	No data	No data	No data
2023	$1,103,447	$1,078,905	$831,427	$24,542
2022	$1,138,311	$975,479	$712,829	$162,832
2021	$675,551	$670,611	$637,289	$4,940
2020	$670,225	$542,877	$356,436	$127,348