Achievement Charter Academy

EIN: 384129394 501(c)(3)

Fuquay Varina, NC

Total Revenue
$2,372,500
Total Expenses
$2,464,331
Total Assets
$611,205
Net Assets
$96,256
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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
2017
Legal Domicile
NC
Principal Officer
Leaja Horne
Phone
9195525446
Tax Period
2024-07-01 to 2025-06-30

Achievement Charter Academy, founded in 2017, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024.

Mission

Operate a charter school

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,351,738
Program Service Revenue $0
Investment Income $0
Other Revenue $20,762
TOTAL REVENUE $2,372,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,661,671
Fundraising Expenses $0
Program Expenses $1,832,573
Other Expenses $802,660
TOTAL EXPENSES $2,464,331

Year-over-Year Comparison

2024 2023 Change
Revenue $2,372,500 $2,310,833 +0.0%
Expenses $2,464,331 $2,118,514 +0.2%
Net Income $-91,831 $192,319 -1.5%
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

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Governance

Voting Members
5
Independent Members
5
Employees
46
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
1
$88,140
Total Directors
6
$88,140
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAIN STRAIN PRESIDENT 4.00
Director
$0 $0 $0
KIRA ROYAL TREASURER 4.00
Director
$0 $0 $0
KAVITA MICCICHE MEMBER 4.00
Director
$0 $0 $0
NANCY HERRICK MEMBER 4.00
Director
$0 $0 $0
CHRIS BOEMERMANN MEMBER 4.00
Director
$0 $0 $0
LEJA HORNE DIRECTOR 40.00
Officer Director
$88,140 $0 $88,140
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 $2,372,500 $2,464,331 $611,205 $-91,831
2024 No data No data No data No data
2023 $1,850,366 $1,995,086 $444,592 $-144,720
2022 $1,982,738 $1,985,955 $208,757 $-3,217
2021 $1,654,604 $1,471,986 $205,925 $182,618
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