ACADEMIC SOLUTIONS ACADEMY INC (EIN 454667306) - 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

2012

Legal Domicile

Principal Officer

ANDREW KINLOCK

Phone

9545726600

Tax Period

2024-07-01 to 2025-06-30

ACADEMIC SOLUTIONS ACADEMY INC, founded in 2012, is a community nonprofit in the Education sector that reported $6.0M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $5.5M left a modest 8% surplus.

Mission

OPERATE A PUBLIC CHARTER HIGH SCHOOL TO SERVE THE NEEDS OF STUDENTS WHO NEEDS ARE NOT MET IN A TRADITIONAL HIGH SCHOOL SETTING.

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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 $0

Program Service Revenue $5,867,596

Investment Income $103,580

Other Revenue $0

TOTAL REVENUE $5,971,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,610,752

Fundraising Expenses $0

Program Expenses $4,167,506

Other Expenses $2,900,399

TOTAL EXPENSES $5,511,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,971,176	$7,011,985	-0.1%
Expenses	$5,511,151	$5,698,711	0.0%
Net Income	$460,025	$1,313,274	-0.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Key Employees

$662,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE AITCHESON	CHAIR	10.00	Officer Director	$0	$0	$0
PAUL HARMAN	VICE CHAIR	10.00	Officer Director	$0	$0	$0
DAVE DIXON	SECRETARY	10.00	Officer Director	$0	$0	$0
ANDREW KINLOCK	PRINCIPAL	55.00	Key Emp	$331,000	$0	$331,000
MEERA GAUTAM PATEL	VP OF BUSINESS DEV.	55.00	Key Emp	$331,000	$0	$331,000

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	$5,971,176	$5,511,151	$13,574,636	$460,025
2024	$7,011,985	$5,698,711	$12,939,955	$1,313,274
2023	$4,789,148	$4,939,405	$11,511,765	$-150,257
2022	$3,203,558	$2,727,129	$8,789,358	$476,429
2021	$3,097,066	$2,335,826	$1,567,917	$761,240
2020	$2,371,254	$2,657,153	$1,219,704	$-285,899
2019	$2,930,791	$3,134,338	$1,088,080	$-203,547
2018	$2,906,548	$2,539,476	$1,084,949	$367,072

ACADEMIC SOLUTIONS ACADEMY INC