FOCUS ACADEMY INC (EIN 460623313) - 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

JAMES ROSSMAN

Phone

8134435558

Tax Period

2024-07-01 to 2025-06-30

FOCUS ACADEMY INC, founded in 2012, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO OPERATE A CHARTER SCHOOL IN HILLSBOROUGH COUNTY FLORIDA.

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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 $2,776,876

Investment Income $0

Other Revenue $62,904

TOTAL REVENUE $2,839,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,096,676

Other Expenses $3,166,889

TOTAL EXPENSES $3,166,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,839,780	$3,000,192	-0.1%
Expenses	$3,166,889	$2,845,171	+0.1%
Net Income	$-327,109	$155,021	-3.1%

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

Key Employees

$215,626

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M ROSSMAN	PRESIDENT/CHAIR	1.00	Director	$0	$0	$0
BETH BONDI MCINTYRE	VICE CHAIR	1.00	Director	$0	$0	$0
JAMES BALLARD	TREASURER	1.00	Director	$0	$0	$0
DOUGLAS AMOROSO	MEMBER	1.00	Director	$0	$0	$0
KARL LANGFELD	MEMBER	1.00	Director	$0	$0	$0
ILDES SOTELO	MEMBER	1.00	Director	$0	$0	$0
JOSEPHINE ISENBERGH	EXECUTIVE DIRECTOR OF OPERATIONS	40.00	Key Emp	$107,366	$0	$107,366
LORETTA GALLO-LOPEZ	EXECUTIVE DIRECTOR OF PROGRAMMING	40.00	Key Emp	$108,260	$0	$108,260

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	$2,839,780	$3,166,889	$633,770	$-327,109
2024	$3,000,192	$2,845,171	$908,734	$155,021
2023	$2,680,735	$2,577,778	$816,692	$102,957
2022	$2,195,522	$2,300,526	$696,020	$-105,004
2021	$2,378,887	$2,085,641	$825,385	$293,246
2020	$2,071,013	$2,221,154	$834,046	$-150,141
2019	$2,075,520	$2,052,070	$710,156	$23,450

FOCUS ACADEMY INC