AURORA COLLEGIATE ACADEMY CHARTER SCHOOL

EIN: 274246992 501(c)(3) Education

MEMPHIS, TN

Total Revenue
$6,157,108
Total Expenses
$4,497,316
Total Assets
$18,494,238
Net Assets
$14,900,141
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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
2017
Legal Domicile
TN
Principal Officer
GRANT MONDA
Phone
9012494615
Tax Period
2024-07-01 to 2025-06-30

AURORA COLLEGIATE ACADEMY CHARTER SCHOOL, founded in 2017, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2024. The organization ran a surplus of $1.7M, a strong 27% operating margin.

Mission

AURORA COLLEGIATE ACADEMY EDUCATES STUDENTS IN KINDERGARTEN THROUGH FIFTH GRADE FOR SUCCESS IN COLLEGE PREPARATORY MIDDLE AND HIGH SCHOOLS, AND SETS THEM ON THE ROAD TO COLLEGE BEGINNING IN KINDERGARTEN.

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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 $5,903,417
Program Service Revenue $33,306
Investment Income $220,385
Other Revenue $0
TOTAL REVENUE $6,157,108

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,028,456
Fundraising Expenses $0
Program Expenses $2,922,306
Other Expenses $1,468,860
TOTAL EXPENSES $4,497,316

Year-over-Year Comparison

2024 2023 Change
Revenue $6,157,108 $6,365,050 0.0%
Expenses $4,497,316 $4,420,003 +0.0%
Net Income $1,659,792 $1,945,047 -0.1%
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
10
Independent Members
10
Employees
65
Volunteers
75

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
$159,020
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP MAY CHAIRMAN 1.00
Officer Director
$0 $0 $0
WILLIAM RAY TREASURER 1.00
Officer Director
$0 $0 $0
MARIO JONES BOARD MEMBER 1.00
Director
$0 $0 $0
JUEDON KEBEDE BOARD MEMBER 1.00
Director
$0 $0 $0
SHARON BARNETT-MYERS BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA REEVES BOARD MEMBER 1.00
Director
$0 $0 $0
ADDISON COMBS-WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN WELCHER BOARD MEMBER 1.00
Director
$0 $0 $0
SERVANDO MIRELES BOARD MEMBER 1.00
Director
$0 $0 $0
YURIDIA LOY BOARD MEMBER 1.00
Director
$0 $0 $0
GRANT MONDA EXECUTIVE DIRECTOR 1.00
Officer
$159,020 $0 $159,020
TAMIKO HILL PRINCIPAL 40.00
Highest
$123,260 $0 $123,260
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 $6,157,108 $4,497,316 $18,494,238 $1,659,792
2024 $6,365,050 $4,420,003 $16,970,861 $1,945,047
2023 $5,137,072 $3,700,993 $15,138,759 $1,436,079
2022 $5,524,109 $3,234,607 $14,728,049 $2,289,502
2021 $4,781,887 $3,251,588 $12,088,368 $1,530,299
2020 $3,664,585 $3,108,390 $10,684,125 $556,195
2019 $5,566,071 $2,602,873 $6,357,888 $2,963,198
2018 $3,455,833 $2,475,793 $2,703,398 $980,040
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