Old Town Academy (EIN 274362839) - 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

Phone

6195746225

Tax Period

2024-07-01 to 2025-06-30

Old Town Academy, founded in 2010, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $4.0M exceeded revenue, resulting in a 24% operating deficit.

Mission

Old Town Academy is a public charter school for students in grades K-8 located in San Diego, CA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,212,618

Program Service Revenue $0

Investment Income $24,850

Other Revenue $0

TOTAL REVENUE $3,237,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,163,549

Fundraising Expenses $0

Program Expenses $3,506,802

Other Expenses $1,835,164

TOTAL EXPENSES $3,998,713

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,237,468	$3,652,295	-0.1%
Expenses	$3,998,713	$3,648,188	+0.1%
Net Income	$-761,245	$4,107	-186.4%

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

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

Total Directors

$100,662

Key Employees

$162,247

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Devon D Phillips	Principal	40.00	Key Emp	$135,245	$27,002	$162,247
Andrea Todak	Teacher Seat	40.00	Director	$81,118	$15,494	$96,612
Robert Hamm	Member	2.00	Director	$4,050	$0	$4,050
Mariam Hosseiny	President	2.00	Officer Director	$0	$0	$0
Kristine Afansev	Treasurer	2.00	Officer Director	$0	$0	$0
Mark Burgress	Secretary	2.00	Officer Director	$0	$0	$0
Daniel Wang	Member	2.00	Director	$0	$0	$0
Reyes Quezada	Member	2.00	Director	$0	$0	$0
Judy Tyler	Member	2.00	Director	$0	$0	$0
Del Raymond	Member	2.00	Director	$0	$0	$0
Alvin Balthazar	Member	2.00	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	$3,237,468	$3,998,713	$1,106,970	$-761,245
2024	$3,652,295	$3,648,188	$2,635,610	$4,107
2023	$3,498,735	$3,510,912	$3,045,109	$-12,177
2022	$2,838,069	$2,861,336	$1,521,109	$-23,267
2021	$2,699,177	$2,696,723	$1,494,936	$2,454
2020	$2,635,998	$2,530,282	$1,382,344	$105,716
2019	$2,560,856	$2,606,684	$1,245,726	$-45,828
2018	$2,970,130	$2,498,054	$1,380,195	$472,076

Old Town Academy