MIDLAND ACADEMY CHARTER SCHOOL INC (EIN 311614310) - 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

1998

Legal Domicile

Principal Officer

KENT COKER

Phone

4326860003

Tax Period

2024-09-01 to 2025-08-31

MIDLAND ACADEMY CHARTER SCHOOL INC, founded in 1998, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 20% operating margin.

Mission

THE SCHOOL IS OPERATED AS A SINGLE CHARTER SCHOOL FOR PRE-KINDERGARTEN THROUGH GRADE 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 (2024)

Revenue Breakdown

Contributions & Grants $4,773,830

Program Service Revenue $67,787

Investment Income $66,927

Other Revenue $640,272

TOTAL REVENUE $5,548,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,305,519

Fundraising Expenses $0

Program Expenses $3,405,548

Other Expenses $1,146,856

TOTAL EXPENSES $4,452,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,548,816	$5,119,393	+0.1%
Expenses	$4,452,375	$4,369,746	+0.0%
Net Income	$1,096,441	$749,647	+0.5%

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

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

$137,877

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT COKER	SUPERINTENDENT	40.00	Officer	$137,877	$0	$137,877
CHRIS DEANDA	President	2.00	Officer Director	$0	$0	$0
STEPHEN ORODYNE	Vice President	2.00	Officer Director	$0	$0	$0
LESLIE TOMLIN	Secretary	2.00	Officer 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	$5,548,816	$4,452,375	$7,747,472	$1,096,441
2024	$5,119,393	$4,369,746	$6,552,779	$749,647
2023	$3,887,166	$3,893,930	$6,319,826	$-6,764
2022	$4,150,376	$3,614,825	$5,855,125	$535,551
2021	$4,333,995	$3,778,436	$5,322,072	$555,559

MIDLAND ACADEMY CHARTER SCHOOL INC