EAST BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS INC, founded in 2004, is a community nonprofit in the Education sector that reported $8.1M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Net assets of $21.2M represent 31 months of operating reserves.
TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF EXCEL ACADEMY CHARTER SCHOOL AND EXCEL ACADEMY RHODE ISLAND; TO ENGAGE IN ACTIVITIES AND PERFORM FUNCTIONS THAT THE SCHOOLS WOULD OTHERWISE HAVE TO PERFORM; TO OWN, LEASE AND MAINTAIN THE SITES AT WHICH THE SCHOOLS ARE LOCATED AND TO OTHERWISE BENEFIT THE SCHOOLS THROUGH PROVISION OF FINANCIAL SUPPORT AND SERVICES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $8,130,290 | $14,334,849 | -0.4% |
| Expenses | $8,135,886 | $8,898,874 | -0.1% |
| Net Income | $-5,596 | $5,435,975 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SETH REYNOLDS | PRESIDENT | 0.80 |
Officer
Director
|
$0 | $0 | $0 |
| MEGAN PREINER | TREASURER | 0.80 |
Officer
Director
|
$0 | $0 | $0 |
| DONALD CASS | CLERK | 0.80 |
Officer
Director
|
$0 | $0 | $0 |
| SHIRLEY VERONICA CARDONA | MEMBER | 0.80 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER SATTI | MEMBER | 0.80 |
Director
|
$0 | $0 | $0 |
| TIMONTHY WELLER | MEMBER | 0.80 |
Director
|
$0 | $0 | $0 |
| OWEN STEARNS | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$263,486 | $23,409 | $286,895 |
| NINA KEOUGH | CHIEF SCHOOL OFFICER | 40.00 |
Officer
|
$220,842 | $23,493 | $244,335 |
| ANDREW SOLOMON | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$201,015 | $8,108 | $209,123 |
| STEPHANIE PATTON | DEPUTY CHIEF SCHOOLS OFFICER | 40.00 |
Key Emp
|
$175,847 | $187 | $176,034 |
| SARAH B KANTROWITZ | MANAGING DIRECTOR: STUDENT SUPPORT | 40.00 |
Highest
|
$155,160 | $23,493 | $178,653 |
| STEVIE ROBERTS | MANAGING DIRECTOR: OPERATIONS | 40.00 |
Highest
|
$139,835 | $420 | $140,255 |
| AARON STELSON | SENIOR DIRECTOR: FINANCE | 40.00 |
Highest
|
$131,969 | $485 | $132,454 |
| TSVETELINA TSANKOVA | DIRECTOR OF ACCOUNTING | 40.00 |
Highest
|
$121,376 | $11,958 | $133,334 |
| KATHRYN MEGRIAN | MANAGING DIRECTOR OF ACADEMICS | 40.00 |
Highest
|
$102,672 | $12,577 | $115,249 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $8,130,290 | $8,135,886 | $48,903,477 | $-5,596 |
| 2023 | $14,334,849 | $8,898,874 | $49,738,891 | $5,435,975 |
| 2022 | $7,984,303 | $4,300,996 | $82,712,473 | $3,683,307 |
| 2021 | $4,642,769 | $3,620,592 | $81,174,432 | $1,022,177 |
| 2020 | $1,698,014 | $1,632,724 | $45,775,555 | $65,290 |
| 2019 | $4,298,743 | $908,142 | $17,625,052 | $3,390,601 |
| 2018 | $1,874,231 | $1,841,584 | $12,200,812 | $32,647 |
Compare FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS INC with other nonprofits in Massachusetts and across the country.