BROOKLYN CENTER, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW MILLENNIUM ACADEMY, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $15.6M in total revenue in fiscal year 2024. Expenses of $14.1M left a modest 10% surplus.
THE NEW MILLENNIUM ACADEMY (NMA) COMMUNITY PREPARES LEARNERS FOR LIFE, ENGAGES THEM IN HIGH ACADEMIC ACHIEVEMENT, AND FOSTERS HMONG CULTURAL PRIDE AND IDENTITY.
NEW MILLENNIUM ACADEMY (NMA) PROVIDED PUBLIC SCHOOL ACADEMIC SERVICES TO AN AVERAGE OF 849 STUDENTS IN GRADES K-8 DURING THE 2024-2025 SCHOOL YEAR. 74% OF THESE STUDENTS CAME FROM LOW INCOME FAMILIES...
NEW MILLENNIUM ACADEMY (NMA) PROVIDED PUBLIC SCHOOL ACADEMIC SERVICES TO AN AVERAGE OF 849 STUDENTS IN GRADES K-8 DURING THE 2024-2025 SCHOOL YEAR. 74% OF THESE STUDENTS CAME FROM LOW INCOME FAMILIES (QUALIFIED FOR FREE/REDUCED LUNCH). IN ADDITION, MANY QUALIFIED FOR EL SERVICES. THESE FACTORS GENERATE EXTRA FUNDING FROM THE STATE BUT ALSO GENERATE VARIOUS CHALLENGES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $15,636,746 | $15,459,228 | +0.0% |
| Expenses | $14,136,535 | $14,095,265 | +0.0% |
| Net Income | $1,500,211 | $1,363,963 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LAURA LEE MCGOVERN | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SABRINA EDWARDS | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK CAMPBELL | TREASURER/TEACHER | 41.00 |
Officer
Director
|
$60,730 | $29,078 | $89,808 |
| CHEE XIONG | MEMBER/TEACHER | 41.00 |
Director
|
$57,093 | $13,130 | $70,223 |
| PA YANG | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MAY LEE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS THAO | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$171,007 | $22,648 | $193,655 |
| CHRISTINE REED | VICE PRESIDENT OF OPERATIONS | 40.00 |
Highest
|
$109,435 | $20,280 | $129,715 |
| KAREN KERR | DIRECTOR OF SPECIAL EDUCATION | 40.00 |
Highest
|
$113,472 | $17,925 | $131,397 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $15,636,746 | $14,136,535 | $11,131,700 | $1,500,211 |
| 2024 | $15,459,228 | $14,095,265 | $10,526,740 | $1,363,963 |
| 2023 | $14,094,949 | $14,130,041 | $10,768,345 | $-35,092 |
| 2022 | $14,190,850 | $14,717,633 | $10,314,612 | $-526,783 |
| 2021 | $13,749,517 | $11,853,980 | $9,494,362 | $1,895,537 |
| 2020 | $10,911,259 | $10,822,630 | $9,467,579 | $88,629 |
| 2019 | $10,104,326 | $10,285,110 | $9,748,155 | $-180,784 |
| 2018 | $9,942,751 | $11,929,618 | $11,326,382 | $-1,986,867 |
Compare NEW MILLENNIUM ACADEMY with other nonprofits in Minnesota and across the country.