ALTUS ACADEMY (EIN 274259966) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

JOHN P HEYBACH

Phone

3123743148

Tax Period

2023-07-01 to 2024-06-30

ALTUS ACADEMY, founded in 2010, is a small nonprofit that reported $547K in total revenue in fiscal year 2017. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF ALTUS ACADEMY (THE ACADEMY) IS TO DEVELOP STUDENTS WITH THE STRENGTH OF CHARACTER AND ACADEMIC PREPARATION TO SUCCEED IN COLLEGE PREPARATORY HIGH SCHOOLS, COLLEGE, AND BEYOND. THE ACADEMY IS A PRIVATE, INDEPENDENT, NOT-FOR-PROFIT ELEMENTARY SCHOOL THAT PROVIDES A HIGH QUALITY COLLEGE PREPARATORY EDUCATION FOR ITS STUDENTS IN GRADES ONE THROUGH EIGHT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $539,559

Program Service Revenue $2,703

Investment Income $190

Other Revenue $-14,736

TOTAL REVENUE $527,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $588,528

Fundraising Expenses $77,213

Program Expenses $698,257

Other Expenses $243,107

TOTAL EXPENSES $831,635

Year-over-Year Comparison

	2023	2022	Change
Revenue	$527,716	$1,021,564	-0.5%
Expenses	$831,635	$722,494	+0.2%
Net Income	$-303,919	$299,070	-2.0%

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

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

$34,371

Total Directors

$123,297

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN HALEY	CHAIR OF THE BOARD	2.00	Officer Director	$0	$0	$0
THOMAS J DEE	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN P HEYBACH	PRESIDENT & FOUNDER, SECRE	40.00	Officer Director	$31,171	$3,200	$34,371
ALFREDO VILLEGAS	PRINCIPAL	40.00	Director	$72,426	$16,500	$88,926
MICHELENE BAJAKIAN	DIRECTOR	1.00	Director	$0	$0	$0
LISA FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
AL KAGAN	DIRECTOR	1.00	Director	$0	$0	$0
HERON E RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
FEDERICO SCIAMMARELLA	DIRECTOR	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	No data	No data	No data	No data
2024	$527,716	$831,635	$797,638	$-303,919
2023	$1,021,564	$722,494	$1,095,359	$299,070
2022	$1,192,202	$618,287	$858,191	$573,915
2021	$646,255	$601,847	$345,039	$44,408
2020	$254,527	$553,465	$221,945	$-298,938
2019	$735,497	$546,729	$422,181	$188,768
2018	$546,577	$554,420	$248,093	$-7,843

ALTUS ACADEMY