CREEDMOOR, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FALLS LAKE ACADEMY, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $14.0M in total revenue in fiscal year 2024. Expenses of $13.2M left a modest 6% surplus.
FALLS LAKE ACADEMY SEEKS TO CREATE A CHALLENGING LEARNING ENVIRONMENT WHILE STRIVING TO MEET THE ACADEMIC, SOCIAL, AND EMOTIONAL NEEDS OF OUR 21ST CENTURY LEARNERS TO PREPARE THEM FOR CITIZENSHIP, LEADERSHIP, AND SUCCESS IN A RAPIDLY CHANGING WORLD. OUR SCHOOL PROMOTES A SAFE, ORDERLY, CARING AND SUPPORTIVE COMMUNITY. EACH STUDENT'S SELF-ESTEEM IS FOSTERED BY POSITIVE RELATIONSHIPS WITH STUDENTS AND STAFF. WE STRIVE TO HAVE OUR PARENTS, TEACHERS, AND COMMUNITY MEMBERS ACTIVELY INVOLVED IN OUR STUDENT'S LEARNING.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $13,987,000 | $13,682,611 | +0.0% |
| Expenses | $13,162,561 | $12,852,693 | +0.0% |
| Net Income | $824,439 | $829,918 | 0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANASTASIA COUNCIL | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| TREY BROOKS | CHAIRMAN | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| DONALD ENNIS | VICE-CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MAGAN INSCOE | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| WILLIE OWENS | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| AUDREY BOONE | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| REBECCA MARION | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| BENJAMIN AVERETTE | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| BRIAN MASSENGILL | BOARD MEMBER-PTA LIASON | 5.00 |
Director
|
$0 | $0 | $0 |
| JOEY JOHNSON | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$130,352 | $0 | $130,352 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $13,987,000 | $13,162,561 | $25,478,423 | $824,439 |
| 2024 | $13,682,611 | $12,852,693 | $24,911,864 | $829,918 |
| 2023 | $12,803,354 | $11,849,255 | $24,418,135 | $954,099 |
| 2022 | $12,156,063 | $11,921,032 | $23,813,178 | $235,031 |
| 2021 | $10,593,661 | $9,542,424 | $23,874,712 | $1,051,237 |
| 2020 | $10,816,343 | $10,232,746 | $23,108,673 | $583,597 |
| 2019 | $10,094,057 | $9,238,169 | $22,864,129 | $855,888 |
| 2018 | $8,367,318 | $7,921,251 | $18,445,986 | $446,067 |
Compare FALLS LAKE ACADEMY with other nonprofits in North Carolina and across the country.