The Academy Inc dba Connor Academy (EIN 412193534) - 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

2005

Legal Domicile

Principal Officer

Joel Lovstedt

Phone

2082321447

Tax Period

2024-07-01 to 2025-06-30

The Academy Inc dba Connor Academy, founded in 2005, is a community nonprofit in the Education sector that reported $7.9M in total revenue in fiscal year 2024.

Mission

Public Education.

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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 $7,749,830

Program Service Revenue $0

Investment Income $198,964

Other Revenue $0

TOTAL REVENUE $7,948,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,922,087

Fundraising Expenses $0

Program Expenses $7,689,103

Other Expenses $3,254,951

TOTAL EXPENSES $8,177,038

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,948,794	$8,245,550	0.0%
Expenses	$8,177,038	$7,272,000	+0.1%
Net Income	$-228,244	$973,550	-1.2%

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

144

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

$230,940

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joel Lovstedt	Administrator	40.00	Officer	$116,868	$15,292	$132,160
Jamie Aubrey	Vice Principal	40.00	Officer	$87,350	$11,430	$98,780
Jon Talbot	Board Member	1.00	Director	$0	$0	$0
Annie Dixon	Chair	1.00	Officer Director	$0	$0	$0
Jacob Denning	Board Member	1.00	Director	$0	$0	$0
Hollie Adamson	Board Member	1.00	Director	$0	$0	$0
Jessica Wadsworth	Vice Chair	1.00	Officer Director	$0	$0	$0
Rebecca Ashby	Treasurer	1.00	Officer Director	$0	$0	$0
Robin Lawrence	Board Member	1.00	Director	$0	$0	$0
Stephanie Harmon	Board Member	1.00	Director	$0	$0	$0
Lance Barnes	Board Member	1.00	Director	$0	$0	$0

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	$7,948,794	$8,177,038	$27,242,089	$-228,244
2024	$8,245,550	$7,272,000	$26,593,680	$973,550
2023	$5,961,044	$5,759,500	$26,669,924	$201,544
2022	$4,336,373	$3,485,770	$11,082,488	$850,603
2021	$3,988,475	$3,910,081	$10,579,473	$78,394
2020	$4,215,733	$3,304,302	$9,138,832	$911,431
2019	$3,753,478	$3,199,851	$8,511,960	$553,627

The Academy Inc dba Connor Academy