Global Online Academy

EIN: 451565078 501(c)(3) Education

Seattle, WA

Total Revenue
$5,690,209
Total Expenses
$5,493,791
Total Assets
$4,417,166
Net Assets
$3,877,441
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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
2011
Legal Domicile
WA
Principal Officer
Michael Nachbar
Phone
2063683666
Tax Period
2024-07-01 to 2025-06-30

Global Online Academy, founded in 2011, is a community nonprofit in the Education sector that reported $5.7M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $5.5M left a modest 3% surplus.

Mission

To reimagine learning to empower students and educators to thrive in a gloablly networked society and to help students fuel their passions to inspire purpose and create impact.

Program Service Accomplishments

Program 1
Expenses: $3,182,276 Revenue: $4,918,263

Student Programs

Program 2
Expenses: $1,065,310 Revenue: $694,740

Professional Learning

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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 $0
Program Service Revenue $5,593,003
Investment Income $76,992
Other Revenue $20,214
TOTAL REVENUE $5,690,209

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,653,303
Fundraising Expenses $0
Program Expenses $4,247,586
Other Expenses $2,840,488
TOTAL EXPENSES $5,493,791

Year-over-Year Comparison

2024 2023 Change
Revenue $5,690,209 $4,991,493 +0.1%
Expenses $5,493,791 $5,309,238 +0.0%
Net Income $196,418 $-317,745 -1.6%
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
8
Independent Members
8
Employees
19
Volunteers
10

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
4
$652,615
Total Directors
9
$145,610
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Nachbar Executive Dir. 40.00
Officer
$397,838 $40,017 $437,855
Jacqueline Chu CFO 40.00
Officer
$185,000 $29,760 $214,760
Bonnie Lathram Director 40.00
$161,494 $11,667 $173,161
Deep Sidhu Director 40.00
$143,850 $24,858 $168,708
Lucas Ames CTO 40.00
$137,999 $23,898 $161,897
Kelsey Hall Director 40.00
$125,803 $21,209 $147,012
Amanda Burch Chief of Staff 40.00
Director
$122,430 $23,180 $145,610
Jason Cummings Dir. - Termed 2024 40.00
$130,790 $5,155 $135,945
Madeleine Hewitt Director 1.00
Director
$0 $0 $0
Jim Best Chair 1.00
Officer Director
$0 $0 $0
Dana Weeks Vice Chair 1.00
Officer Director
$0 $0 $0
Michael Hwang Director 1.00
Director
$0 $0 $0
Tim Bazemore Director 1.00
Director
$0 $0 $0
Reshan Richards Director 1.00
Director
$0 $0 $0
Grace Dodge Director 1.00
Director
$0 $0 $0
Elsa Donohue Director 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 $5,690,209 $5,493,791 $4,417,166 $196,418
2024 $4,991,493 $5,309,238 $4,351,093 $-317,745
2023 $5,108,682 $5,742,788 $4,514,015 $-634,106
2022 $5,094,009 $5,278,975 $5,152,898 $-184,966
2021 $6,995,921 $5,031,223 $5,265,890 $1,964,698
2020 $4,174,566 $3,667,276 $3,732,635 $507,290
2019 $3,267,831 $2,810,881 $2,489,040 $456,950
2018 $2,840,511 $2,511,751 $2,634,920 $328,760
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