Academy of Scholastic Achievement (EIN 363738243) - 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

1978

Legal Domicile

Principal Officer

Nicole Simpson

Phone

7739211315

Tax Period

2024-07-01 to 2025-06-30

Academy of Scholastic Achievement, founded in 1978, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

To provide alternative opportunity for disadvantaged students with behavioral issues to complete a high school education and receive social counseling services.

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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 $1,734,483

Program Service Revenue $18,594

Investment Income $73,351

Other Revenue $208,294

TOTAL REVENUE $2,034,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,522,277

Fundraising Expenses $0

Program Expenses $1,733,233

Other Expenses $743,524

TOTAL EXPENSES $2,265,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,034,722	$2,239,780	-0.1%
Expenses	$2,265,801	$2,263,796	+0.0%
Net Income	$-231,079	$-24,016	+8.6%

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

Total Directors

Key Employees

$158,834

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christine Smith	President	3.00	Officer Director	$0	$0	$0
Otha McCoy II	Secretary	3.00	Officer Director	$0	$0	$0
Shawntae Harris	Treasurer	3.00	Officer Director	$0	$0	$0
Stephanie Malave	Director	3.00	Director	$0	$0	$0
Maurice McCoy	Director	3.00	Director	$0	$0	$0
Barbara Minter	Director	3.00	Director	$0	$0	$0
Donald Singleton	Director	3.00	Director	$0	$0	$0
Nicole Simpson	Executive Director/Principal	50.00	Key Emp Highest	$158,834	$0	$158,834
Gladys Simpson	Chief Education Officer	60.00	Highest	$126,667	$0	$126,667
Marvin Simpson	Assistant Principal/Operations/Technology	51.00	Highest	$104,597	$0	$104,597

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	$2,034,722	$2,265,801	$1,929,147	$-231,079
2024	$2,239,780	$2,263,796	$804,427	$-24,016
2023	$2,270,072	$2,431,554	$783,174	$-161,482
2022	$2,338,419	$2,196,204	$987,749	$142,215
2021	$1,998,124	$1,958,098	$1,133,251	$40,026
2020	$2,148,505	$2,001,435	$979,949	$147,070
2019	$1,826,893	$1,869,239	$1,067,734	$-42,346
2018	$2,012,861	$2,192,010	$1,057,530	$-179,149

Academy of Scholastic Achievement