ACADEMY OF BASIC EDUCATION INC (EIN 390987840) - 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

1961

Legal Domicile

Principal Officer

KRISTI THOMPSON

Phone

2627833200

Tax Period

2024-07-01 to 2025-06-30

ACADEMY OF BASIC EDUCATION INC, founded in 1961, is a mid-sized nonprofit in the Education sector that reported $22.9M in total revenue in fiscal year 2024. Expenses of $20.2M left a modest 12% surplus.

Mission

OPERATION OF A PRIVATE ELEMENTARY, MIDDLE AND HIGH SCHOOL FOR THE PURPOSE OF EDUCATING AND GRADUATING STUDENTS PREPARED FOR COLLEGE AND LIFE, EDUCATED IN SKILLS, VALUES, AND HERITAGE OF RESPONSIBLE, CONSTRUCTIVE, FREE PEOPLE.

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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 $4,477,491

Program Service Revenue $18,503,367

Investment Income $599,258

Other Revenue $-658,335

TOTAL REVENUE $22,921,781

Expense Breakdown

Grants Paid $2,073,109

Salaries & Benefits $12,831,521

Fundraising Expenses $659,950

Program Expenses $18,162,360

Other Expenses $5,284,281

TOTAL EXPENSES $20,188,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,921,781	$21,375,687	+0.1%
Expenses	$20,188,911	$19,382,681	+0.0%
Net Income	$2,732,870	$1,993,006	+0.4%

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

363

Volunteers

228

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

$359,738

Total Directors

Key Employees

$185,607

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL D SIMMONS	CHAIR	1.00	Officer Director	$0	$0	$0
CYNTHIA DAVIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MALAIKA MATHAI KODALI	SECRETARY	1.00	Officer Director	$0	$0	$0
EDWARD APRAHAMIAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL J GEENEN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT PRIEBE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN LAW	DIRECTOR	1.00	Director	$0	$0	$0
KATHARINE LOCKWOOD	DIRECTOR	1.00	Director	$0	$0	$0
MARY YORK	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS RICCI	HEAD OF SCHOOL	40.00	Officer	$187,349	$26,385	$213,734
KRISTI THOMPSON	DIRECTOR OF FINANCE	40.00	Officer	$122,106	$23,898	$146,004
LAWRENCE PESCH	EXEC. DIR OF ADVANCEMENT AND ADMISSIONS	40.00	Key Emp	$160,557	$25,050	$185,607
NICHOLAS SPAETH	DIR. OF COLLEGE COUNSELING	40.00	Highest	$118,940	$32,541	$151,481
JESSEE TOMCHEK	ASST HEAD OF THE UPPER SCHOOL	40.00	Highest	$103,333	$5,167	$108,500
LINDA PRYOR	EXEC DIR. OF MISSION AND ACADEMICS	40.00	Highest	$122,249	$6,133	$128,382
RICHARD RANEY	HEAD OF PRIMARY AND LOWER SCHOOL	40.00	Highest	$107,504	$33,085	$140,589
MARK BULLIO	HEAD OF THE UPPER SCHOOL	40.00	Highest	$112,725	$5,636	$118,361

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	$22,921,781	$20,188,911	$50,160,152	$2,732,870
2024	$21,375,687	$19,382,681	$46,601,685	$1,993,006
2023	$19,448,797	$18,367,215	$44,079,331	$1,081,582
2022	$18,844,137	$17,212,037	$42,413,032	$1,632,100
2021	$16,384,035	$15,985,661	$40,498,539	$398,374
2020	$16,985,583	$16,240,451	$37,036,304	$745,132
2019	$16,811,780	$16,414,199	$37,714,937	$397,581

ACADEMY OF BASIC EDUCATION INC