NEW MILLENNIUM ACADEMY (EIN 421625836) - 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

2004

Legal Domicile

Principal Officer

THOMAS THAO

Phone

7632357900

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

DEVELOPING GLOBAL LEADERS WHO TRANSFORM THE WORLD.

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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 $15,052,524

Program Service Revenue $26,234

Investment Income $175,323

Other Revenue $382,665

TOTAL REVENUE $15,636,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,869,295

Fundraising Expenses $0

Program Expenses $12,678,251

Other Expenses $6,267,240

TOTAL EXPENSES $14,136,535

Year-over-Year Comparison

	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%

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

165

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

$283,463

Total Directors

$160,031

Key Employees

Highest Compensated

reported

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

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	$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

NEW MILLENNIUM ACADEMY