APPLIED SCHOLASTICS ONLINE ACADEMY

EIN: 264323614 501(c)(3)

PERRIS, CA

Total Revenue
$483,200
Total Expenses
$490,735
Total Assets
$129,919
Net Assets
$119,037
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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
2009
Legal Domicile
CA
Principal Officer
CARLYNN MCCORMICK
Phone
9517890224
Tax Period
2023-01-01 to 2023-12-31

APPLIED SCHOLASTICS ONLINE ACADEMY, founded in 2009, is a small nonprofit that reported $483K in total revenue in fiscal year 2023.

Mission

OPERATION OF AN ONLINE HOMESCHOOLING ACADEMY FOR GRADES K THRU 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $450,133
Investment Income $0
Other Revenue $33,067
TOTAL REVENUE $483,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $209,550
Fundraising Expenses $3,055
Program Expenses $446,336
Other Expenses $281,185
TOTAL EXPENSES $490,735

Year-over-Year Comparison

2023 2022 Change
Revenue $483,200 $461,951 +0.0%
Expenses $490,735 $469,709 +0.0%
Net Income $-7,535 $-7,758 0.0%
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
3
Independent Members
2
Employees
9
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
2
$70,455
Total Directors
3
$40,627
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLYNN MCCORMICK CEO, DIRECTO 40.00
Officer Director
$40,627 $0 $40,627
JOHN MCCORMICK CFO 40.00
Officer
$29,828 $0 $29,828
PAM MONIZ DIRECTOR N/A
Director
$0 $0 $0
DEBBIE WATT DIRECTOR N/A
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 $483,200 $490,735 $129,919 $-7,535
2022 $461,951 $469,709 $136,385 $-7,758
2021 $532,439 $510,339 $145,053 $22,100
2020 $485,042 $468,847 $120,997 $16,195
2019 $433,523 $423,027 $123,045 $10,496
2018 $244,613 $205,048 $111,029 $39,565
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