EDISON ACADEMICS INC

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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

Principal Officer

LOREN JACKSON

Tax Period

2020-08-01 to 2021-07-31

EDISON ACADEMICS INC, founded in 2009, is a small nonprofit that reported $259K in total revenue in fiscal year 2020. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $288K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE AN EDUCATIONAL SETTING WHERE STUDENTS OF DIVERSE AGES AND INTERESTS CAN PURSUE A COLLEGE PREPARATORY EDUCATION. OUR GOAL IS TO SUPPLY THE GUIDANCE NECESSARY TO DEVELOP IN EACH STUDENT THE CONFIDENCE TO BEGIN A TASK, DETERMINATION TO CONTINUE AND THE SKILLS TO COMPLETE.

Program Service Accomplishments

Program 1

Expenses: $229,182

EDISON ACADEMICS INC PROVIDED A SCHOOL SETTING WHERE STUDENTS OF DIVERSE AGES, INTERESTS AND BACKGROUNDS PURSUED THEIR EDUCATION. WE PROVIDED THE GUIDANCE TO DEVELOP IN EACH STUDENT THE CONFIDENCE...

EDISON ACADEMICS INC PROVIDED A SCHOOL SETTING WHERE STUDENTS OF DIVERSE AGES, INTERESTS AND BACKGROUNDS PURSUED THEIR EDUCATION. WE PROVIDED THE GUIDANCE TO DEVELOP IN EACH STUDENT THE CONFIDENCE NEEDED TO BEGIN, DETERMINATION TO CONTINUE AND THE SKILLS AND DRIVE NECESSARY TO SUCCESSFULLY COMPLETE PROJECTS AND ASSIGNMENTS. WE ENCOURAGED EVERY STUDENT TO BRING THEIR UNIQUE TALENTS TO THE LEARNING SITUATION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $258,585

Investment Income $0

Other Revenue $0

TOTAL REVENUE $258,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,912

Fundraising Expenses $0

Program Expenses $229,182

Other Expenses $235,725

TOTAL EXPENSES $287,637

Year-over-Year Comparison

	2020	2019	Change
Revenue	$258,585	$236,238	+0.1%
Expenses	$287,637	$238,121	+0.2%
Net Income	$-29,052	$-1,883	+14.4%

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

$25,778

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA JACKSON	SECRETARY	40.00	Officer	$25,778	$0	$25,778
DAVE THOMPSON	TREASURER	10.00	Officer	$0	$0	$0
LOREN C JACKSON	OFFICER	1.00	Officer	$0	$0	$0
AI-JA JACKSON	DIRECTOR	1.00	Officer	$0	$0	$0
LOREN JACKSON	PRESIDENT	40.00	Officer	$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
2021	$258,585	$287,637	$16,894	$-29,052
2020	$236,238	$238,121	$37,052	$-1,883
2019	$277,855	$241,860	$46,165	$35,995