NOVA ACADEMY (EIN 320079174) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

RENEE LANCASTER

Phone

7145690948

Tax Period

2023-07-01 to 2024-06-30

NOVA ACADEMY, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $13.4M in total revenue in fiscal year 2023. Expenses of $12.2M left a modest 9% surplus.

Mission

TO INSPIRE, EDUCATE, AND PREPARE ALL STUDENTS TO BE SUCCESSFUL IN COLLEGE, CAREER, AND IN LIFE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,342,584

Program Service Revenue $0

Investment Income $15,738

Other Revenue $37,929

TOTAL REVENUE $13,396,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,869,218

Fundraising Expenses $0

Program Expenses $9,070,496

Other Expenses $6,311,689

TOTAL EXPENSES $12,180,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,396,251	$12,691,269	+0.1%
Expenses	$12,180,907	$11,379,910	+0.1%
Net Income	$1,215,344	$1,311,359	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

$432,733

Total Directors

$249,968

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE LANCASTER	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$208,031	$41,937	$249,968
SANFORD OTSUJI	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
DR SUSAN GARRETT	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
NORM LESTER	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
KAREN LESTER	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
OLGA DUARTE	BOARD MEMBER	2.00	Director	$0	$0	$0
RICK WEIR	BOARD MEMBER (TERM END 08/03/2023)	2.00	Director	$0	$0	$0
JOHN BOWEN	DIRECTOR, HR & OPERATIONS	40.00	Officer	$143,619	$39,146	$182,765
ADRIENNE HAGGERTY	ASSISTANT PRINCIPAL	40.00	Highest	$112,700	$27,960	$140,660
LISA HERNANDEZ	PRINCIPAL	40.00	Highest	$125,600	$27,710	$153,310
MELISSA MIER	HEAD OF SCHOOL	40.00	Highest	$101,282	$51,206	$152,488
ALICIA LEWIS	BUSINESS SERVICES MANAGER	40.00	Highest	$107,769	$37,885	$145,654

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	$13,396,251	$12,180,907	$34,180,616	$1,215,344
2023	$12,691,269	$11,379,910	$34,257,489	$1,311,359
2022	$10,848,377	$11,264,819	$11,670,795	$-416,442
2021	$10,799,891	$10,241,046	$10,870,419	$558,845
2020	$9,825,251	$9,264,639	$9,232,719	$560,612
2019	$10,047,703	$9,470,233	$7,327,332	$577,470
2018	$9,106,533	$7,694,577	$6,579,074	$1,411,956

NOVA ACADEMY