JOSEPH ACADEMY INC (EIN 363245620) - 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

1982

Legal Domicile

Principal Officer

THOMAS RATCHFORD

Phone

7083454500

Tax Period

2024-09-01 to 2025-08-31

JOSEPH ACADEMY INC, founded in 1982, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

TO SERVE CHILDREN AND ADOLESCENTS WITH BEHAVIORAL, EMOTIONAL, AND LEARNING DISORDERS BY HELPING THEM DEVELOP THE SOCIAL, ACADEMIC, AND VOCATIONAL SKILLS THEY NEED TO FUNCTION SUCCESSFULLY IN SOCIETY. THE ULTIMATE GOAL IS TO TRANSFORM THESE YOUNG PEOPLE INTO ACHIEVERS WHO CAN EFFECTIVELY RE-ENTER THE MAINSTREAM.

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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 $0

Program Service Revenue $1,750,079

Investment Income $6,939

Other Revenue $742

TOTAL REVENUE $1,757,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,455,017

Fundraising Expenses $0

Program Expenses $1,571,831

Other Expenses $433,359

TOTAL EXPENSES $1,888,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,757,760	$1,992,145	-0.1%
Expenses	$1,888,376	$1,889,153	0.0%
Net Income	$-130,616	$102,992	-2.3%

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

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

Total Directors

Key Employees

$240,903

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS C RATCHFORD	PRESIDENT	1.00	Officer Director	$0	$0	$0
BENJAMIN SAYDAH	TREASURER	1.00	Officer Director	$0	$0	$0
JONATHAN ELLWANGER	SECRETARY	1.00	Officer Director	$0	$0	$0
FR MAINA WAITHAKA	DIRECTOR	1.00	Director	$0	$0	$0
MARK FISHER	DIRECTOR	1.00	Director	$0	$0	$0
HARRY ROSSI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MALEK	PRINCIPAL	40.00	Key Emp	$204,170	$36,733	$240,903
JANICE C SEIPP	BUSINESS MANAGER	40.00	Highest	$122,532	$116	$122,648
ANH PHAM NAVARRETE	ASSISTANT PRINCIPAL	40.00	Highest	$107,859	$24,917	$132,776

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	$1,757,760	$1,888,376	$720,135	$-130,616
2024	$1,992,145	$1,889,153	$711,531	$102,992
2023	$1,902,336	$1,650,069	$661,744	$252,267
2022	$1,898,277	$2,352,603	$416,374	$-454,326
2022	$1,939,952	$2,341,708	$410,257	$-401,756
2021	$3,505,416	$3,164,805	$655,720	$340,611
2020	$3,574,009	$3,257,454	$1,028,976	$316,555
2019	$3,762,514	$3,841,818	$420,137	$-79,304
2018	$3,967,220	$4,016,011	$396,337	$-48,791

JOSEPH ACADEMY INC