BROADWAY ACADEMY INC (EIN 274385313) - 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

2011

Legal Domicile

Principal Officer

C David Massa

Phone

2162717747

Tax Period

2024-07-01 to 2025-06-30

BROADWAY ACADEMY INC, founded in 2011, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE A HIGH QUALITY ALTERNATIVE EDUCATION OPPORTUNITY FOR CHILDREN AGES 5-14, GRADES K-8

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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 $7,163,619

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,163,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,171,867

Fundraising Expenses $0

Program Expenses $7,150,934

Other Expenses $6,132,045

TOTAL EXPENSES $7,303,912

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,163,619	$9,171,803	-0.2%
Expenses	$7,303,912	$9,738,166	-0.2%
Net Income	$-140,293	$-566,363	-0.8%

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

N/A

Volunteers

N/A

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

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michelle MItchell	Board Secretary	1.0	Director	$1,375	$0	$1,375
Daryl Hanson	Board Vice President	1.00	Director	$1,250	$0	$1,250
Cindy Harris Worford	Board Treasurer	1.0	Director	$1,250	$0	$1,250
Cheryl Walker	Board Director	1.0	Director	$1,250	$0	$1,250
Cynthia Weston	Board President	2.00	Director	$875	$0	$875

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	$7,163,619	$7,303,912	$3,304,430	$-140,293
2024	No data	No data	No data	No data
2023	$7,986,743	$8,019,147	$3,996,650	$-32,404
2022	$5,753,049	$5,308,216	$2,870,777	$444,833
2021	$5,064,260	$4,653,318	$1,171,002	$410,942
2020	$2,030,194	$1,782,224	$642,889	$247,970
2019	$2,071,797	$1,824,790	$799,529	$247,007
2018	$1,438,052	$519,086	$1,020,928	$918,966

BROADWAY ACADEMY INC