Fortis AcademyIncorporated (EIN 263542158) - 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

Pam Helgerson

Tax Period

2022-08-01 to 2023-07-31

Fortis AcademyIncorporated, founded in 2008, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2022.

Mission

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

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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 (2022)

Revenue Breakdown

Contributions & Grants $20,043

Program Service Revenue $1,081,770

Investment Income $324

Other Revenue $1,310

TOTAL REVENUE $1,103,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $771,206

Fundraising Expenses $0

Program Expenses $897,074

Other Expenses $307,699

TOTAL EXPENSES $1,078,905

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,103,447	$1,138,311	0.0%
Expenses	$1,078,905	$975,479	+0.1%
Net Income	$24,542	$162,832	-0.8%

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

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

$25,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pam Helgerson	Head of School	40.00	Officer	$25,000	$0	$25,000
Brad Helgerson	Former President	4.00		$14,034	$0	$14,034
Andrea Morgan	Director	1.00	Director	$0	$0	$0
Chris White	Treasurer	2.00	Officer Director	$0	$0	$0
Mike McKethan	Secretary	3.00	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
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

Fortis AcademyIncorporated