STARS MATH AND ENGLISH ACADEMY

EIN: 272534310 501(c)(3) Education

CHARLOTTE, NC

Total Revenue
$93,755
Total Expenses
$128,259
Total Assets
$46,078
Net Assets
$46,078
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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
2010
Legal Domicile
NC
Principal Officer
ELIJAH WATSON
Phone
7044929105
Tax Period
2023-07-01 to 2024-06-30

STARS MATH AND ENGLISH ACADEMY, founded in 2010, is a micro nonprofit in the Education sector that reported $94K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $128K exceeded revenue, resulting in a 37% operating deficit.

Mission

S.T.A.R.S. Math & English Academy improves studentsfoundational skills in math, english, and reading using a balanced curriculum that focuses on academic rigor while enriching these subjects with soft skills

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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 $69,234
Program Service Revenue $24,521
Investment Income $0
Other Revenue $0
TOTAL REVENUE $93,755

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $104,306
Other Expenses $128,259
TOTAL EXPENSES $128,259

Year-over-Year Comparison

2023 2022 Change
Revenue $93,755 $266,371 -0.6%
Expenses $128,259 $237,606 -0.5%
Net Income $-34,504 $28,765 -2.2%
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
8
Independent Members
8
Employees
N/A
Volunteers
12

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
$0
Total Directors
9
$10,534
Key Employees
1
$10,534
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elijah Watson Executive Director 10.00
Director Key Emp
$10,534 $0 $10,534
Marcel McCrea Chair 2.00
Officer Director
$0 $0 $0
Jevelyn Bonner-Reed Member 2.00
Director
$0 $0 $0
Bruce Johnson Member 2.00
Director
$0 $0 $0
John Easton Member 2.00
Director
$0 $0 $0
Terri Wright Member 2.00
Director
$0 $0 $0
Dennis Lathan Member 2.00
Director
$0 $0 $0
Malichia Nikki Lee Member 2.00
Director
$0 $0 $0
Matt Powers Treasurer 2.00
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 $93,755 $128,259 $46,078 $-34,504
2023 $266,371 $237,606 $81,867 $28,765
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