NORTHSTAR ACADEMIESINC

EIN: 274949005 501(c)(3) Education

FORT LAUDERDALE, FL

Total Revenue
$23,994,211
Total Expenses
$22,762,072
Total Assets
$25,817,085
Net Assets
$7,312,684
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
FL
Principal Officer
BETH ADELMAN
Phone
5612965705
Tax Period
2022-07-01 to 2023-06-30

NORTHSTAR ACADEMIESINC, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $24.0M in total revenue in fiscal year 2022. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $22.8M left a modest 5% surplus.

Mission

THE ORGANIZATION OPERATES HIGH SCHOOL LEVEL CHARTER SCHOOLS WHICH WERE ESTABLISHED TO PROVIDE AN EDUCATIONAL CHOICE TO STUDENTS WHO HAVE DROPPED OUT OF TRADITIONAL PUBLIC SCHOOLS OR MAY BE IN DANGER OF FAILING OR DROPPING OUT. THROUGH A HIGH-TECH, RESEARCH-BASED CURRICULUM, THE CHARTER HIGH SCHOOLS PROVIDE STUDENTS WITH THE OPPORTUNITY TO EARN A STATE-RECOGNIZED HIGH SCHOOL DIPLOMA AND THUS AFFORDS THE STUDENTS THE OPPORTUNITY TO PURSUE CONTINUING EDUCATION OR SEEK A SUITABLE VOCATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,165,316
Program Service Revenue $20,815,893
Investment Income $0
Other Revenue $13,002
TOTAL REVENUE $23,994,211

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,966,576
Fundraising Expenses $0
Program Expenses $17,064,177
Other Expenses $14,795,496
TOTAL EXPENSES $22,762,072

Year-over-Year Comparison

2022 2021 Change
Revenue $23,994,211 $20,060,347 +0.2%
Expenses $22,762,072 $19,831,428 +0.1%
Net Income $1,232,139 $228,919 +4.4%
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

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Governance

Voting Members
5
Independent Members
5
Employees
161
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH SHAW ADELMAN CHAIRMAN 1.00
Officer Director
$0 $0 $0
IRA PAUL TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT HOLLAND DIRECTOR 1.00
Director
$0 $0 $0
DOUG SHELTON DIRECTOR 1.00
Director
$0 $0 $0
MARTIN BURKETT DIRECTOR 1.00
Director
$0 $0 $0
WALKER SHARARD LEAD PRINCIPAL 40.00
Highest
$137,673 $0 $137,673
MADRIGAL ALEJANDRO PRINCIPAL 40.00
Highest
$116,263 $0 $116,263
WALKE DANIEL PRINCIPAL 40.00
Highest
$126,664 $0 $126,664
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 No data No data No data No data
2023 $23,994,211 $22,762,072 $25,817,085 $1,232,139
2022 $20,060,347 $19,831,428 $20,578,684 $228,919
2021 $17,151,740 $16,220,054 $8,255,029 $931,686
2020 $15,001,799 $15,024,138 $6,460,361 $-22,339
2019 $15,576,425 $14,611,593 $5,427,531 $964,832
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