FRENCH BROAD RIVER ACADEMY INC

EIN: 270349536 501(c)(3) Education

ASHEVILLE, NC

Total Revenue
$4,170,910
Total Expenses
$4,418,932
Total Assets
$5,986,880
Net Assets
$3,583,942
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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
NC
Principal Officer
WILL YEISER
Phone
8283484320
Tax Period
2024-07-01 to 2025-06-30

FRENCH BROAD RIVER ACADEMY INC, founded in 2009, is a community nonprofit in the Education sector that reported $4.2M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

OPERATION OF BOYS AND GIRLS MIDDLE SCHOOL FOR HIGH SCHOOL PREP

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,126,446
Program Service Revenue $2,839,279
Investment Income $98,419
Other Revenue $106,766
TOTAL REVENUE $4,170,910

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,205,770
Fundraising Expenses $175,900
Program Expenses $3,706,804
Other Expenses $2,213,162
TOTAL EXPENSES $4,418,932

Year-over-Year Comparison

2024 2023 Change
Revenue $4,170,910 $3,570,388 +0.2%
Expenses $4,418,932 $3,615,470 +0.2%
Net Income $-248,022 $-45,082 +4.5%
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
11
Independent Members
11
Employees
69
Volunteers
67

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
1
$105,202
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILL YEISER EXECUTIVE DI 40.00
Officer
$104,392 $810 $105,202
SHARON BAKER VICE CHAIR 1.00
Director
$0 $0 $0
ALLISON BLAKE MEMBER AT LA 1.00
Director
$0 $0 $0
LAURA BOWERS MEMBER AT LA 1.00
Director
$0 $0 $0
RICHARD CARRELL TREASURER 1.00
Director
$0 $0 $0
JOHN DOUGLAS CHAIR 1.00
Director
$0 $0 $0
MELANIE GRIFFIN MEMBER AT LA 1.00
Director
$0 $0 $0
DAVID L'EGLISE MEMBER AT LA 1.00
Director
$0 $0 $0
SARAH MARTIN MEMBER AT LA 1.00
Director
$0 $0 $0
PAUL MASHBURN SECRETARY 1.00
Director
$0 $0 $0
YOUNG PERRY MEMBER AT LA 1.00
Director
$0 $0 $0
MARGARET QUARRIER MEMBER AT LA 1.00
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 $4,170,910 $4,418,932 $5,986,880 $-248,022
2024 $3,570,388 $3,615,470 $6,255,931 $-45,082
2023 $4,177,601 $3,179,504 $6,513,228 $998,097
2022 $3,410,217 $3,024,363 $5,750,033 $385,854
2021 $3,531,746 $2,781,675 $5,800,649 $750,071
2020 $3,023,312 $2,730,149 $5,145,557 $293,163
2019 $3,094,108 $2,658,392 $4,036,303 $435,716
2018 $2,872,330 $2,482,820 $3,646,282 $389,510
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