ACADEMY OF ABILITY INC

EIN: 272569715 501(c)(3)

WINTER PARK, FL

Total Revenue
$464,049
Total Expenses
$381,293
Total Assets
$100,862
Net Assets
$100,862
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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
FL
Principal Officer
WILLIAM HARRIS
Phone
3219723262
Tax Period
2019-07-01 to 2020-06-30

ACADEMY OF ABILITY INC, founded in 2010, is a small nonprofit that reported $464K in total revenue in fiscal year 2019. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $83K, a strong 18% operating margin.

Mission

WE PROVIDED A SPECIALIZED ACADEMIC AND LIFE SKILLS PROGRAM TO CHILDREN WITH PHYSICAL AND LEARNING DISABILITIES

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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 (2019)

Revenue Breakdown

Contributions & Grants $57,758
Program Service Revenue $406,291
Investment Income $0
Other Revenue $0
TOTAL REVENUE $464,049

Expense Breakdown

Grants Paid $0
Salaries & Benefits $290,206
Fundraising Expenses $0
Program Expenses $381,293
Other Expenses $91,087
TOTAL EXPENSES $381,293

Year-over-Year Comparison

2019 2018 Change
Revenue $464,049 $404,853 +0.1%
Expenses $381,293 $417,275 -0.1%
Net Income $82,756 $-12,422 -7.7%
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
5
Independent Members
N/A
Employees
11
Volunteers
5

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
3
$0
Total Directors
2
$0
Key Employees
1
$52,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM HARRIS TREASURER 10
Officer
$0 $0 $0
WILLIAM HARRIS PRINCIPAL 60
Key Emp
$52,500 $0 $52,500
HOLLY MCELROY DIRECTOR 1
Officer
$0 $0 $0
SALIESHA MEDER DIRECTOR 1
Officer
$0 $0 $0
ERIC FARLEY DIRECTOR 1
Director
$0 $0 $0
KWESI JOHNSON DIRECTOR 1
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
2020 $464,049 $381,293 $100,862 $82,756
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