Hope Academy of Charlotte Inc (EIN 452256402) - 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

2011

Legal Domicile

Principal Officer

Paul Elliott

Phone

7049992436

Tax Period

2023-07-01 to 2024-06-30

Hope Academy of Charlotte Inc, founded in 2011, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

Christ-centered, college preparatory, academic program.

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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 (2023)

Revenue Breakdown

Contributions & Grants $132,004

Program Service Revenue $1,860,245

Investment Income $0

Other Revenue $368,155

TOTAL REVENUE $2,360,404

Expense Breakdown

Grants Paid $285,541

Salaries & Benefits $1,221,093

Fundraising Expenses $210,103

Program Expenses $2,167,238

Other Expenses $958,934

TOTAL EXPENSES $2,465,568

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,360,404	$3,174,221	-0.3%
Expenses	$2,465,568	$1,985,083	+0.2%
Net Income	$-105,164	$1,189,138	-1.1%

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

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

Total Directors

$90,937

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anne Roe	Secretary	4.00	Officer Director	$0	$0	$0
James Roe	Director	1.00	Director	$0	$0	$0
Courtney Elliott	Head of School	40.00	Director	$90,937	$0	$90,937
Paul Elliott	President	3.00	Officer Director	$0	$0	$0
Matt Diamond	Treasurer	4.00	Officer Director	$0	$0	$0
Ginger Kelly	Director	4.00	Director	$0	$0	$0
Reid Johnson	Director	2.00	Director	$0	$0	$0
Brian Dandeneau	Director	4.00	Director	$0	$0	$0
John Cooper	Director	2.00	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	No data	No data	No data	No data
2024	$2,360,404	$2,465,568	$5,058,999	$-105,164
2023	$3,174,221	$1,985,083	$5,002,329	$1,189,138
2022	$2,680,640	$1,502,933	$2,847,258	$1,177,707
2021	$1,694,160	$1,291,405	$1,536,307	$402,755
2020	$1,241,351	$1,115,415	$1,039,913	$125,936
2019	$1,226,145	$1,034,357	$970,703	$191,788

Hope Academy of Charlotte Inc