ACADEMY FOR CAREER EXPLORATION C/O DITTMAR MCNEIL & VARONE CPAS

EIN: 311627669 501(c)(3) Education

WARWICK, RI

Total Revenue
$16,228
Total Expenses
$5,202
Total Assets
$862,383
Net Assets
$861,323
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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
1997
Legal Domicile
RI
Principal Officer
JOE DEVINE
Phone
4019212600
Tax Period
2022-07-01 to 2023-06-30

ACADEMY FOR CAREER EXPLORATION C/O DITTMAR MCNEIL & VARONE CPAS, founded in 1997, is a micro nonprofit in the Education sector that reported $16K in total revenue in fiscal year 2022. Revenue surged 426% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11K, a strong 68% operating margin.

Mission

TO PROVIDE A SAFE AND NURTURING ENVIRONMENT WHERE STUDENTS, THROUGH A RIGOROUS ACADEMIC PROGRAM, WILL BE PREPARED FOR COLLEGE.

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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 $727
Program Service Revenue $0
Investment Income $15,501
Other Revenue $0
TOTAL REVENUE $16,228

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $5,202
TOTAL EXPENSES $5,202

Year-over-Year Comparison

2022 2021 Change
Revenue $16,228 $3,087 +4.3%
Expenses $5,202 $76,980 -0.9%
Net Income $11,026 $-73,893 -1.1%
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
4
Independent Members
4
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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLAUDIA CARDOZO BOARD MEMBER N/A
Director
$0 $0 $0
TAMMY JACKSON BOARD MEMBER N/A
Officer Director
$0 $0 $0
JOE DEVINE BOARD CHAIR N/A
Officer
$0 $0 $0
MARI RIPP BOARD CO-CHA N/A
Officer
$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
2023 $16,228 $5,202 $862,383 $11,026
2022 $3,087 $76,980 $850,613 $-73,893
2021 $-92,234 $275,390 $929,604 $-367,624
2020 $3,247,849 $3,449,386 $2,024,916 $-201,537
2019 $3,491,199 $3,436,729 $2,218,580 $54,470
2018 $3,587,344 $3,474,648 $2,205,237 $112,696
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