EXCELSIOR HEALTHCARE ACADEMY INC (EIN 462884885) - 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

2013

Legal Domicile

Phone

7085967500

Tax Period

2024-01-01 to 2024-12-31

EXCELSIOR HEALTHCARE ACADEMY INC, founded in 2013, is a small nonprofit in the Education sector that reported $256K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $65K, a strong 25% operating margin.

Mission

WE ARE COMMITTED TO PREPARE THE COMMUNITY IN THE AREAS OF HEALTHCARE WORKERS EDUCATION AND TRAINING. WE PREPARE HIGH SCHOOL SENIORS, GRADUATES. STUDENTS ENTERING NURSING PROGRAMS DISPLACED WORKERS AND PEOPLE WITH GENUINE INTEREST IN LEARNING THE SKILL OF NURSING ASSISTANT.

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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 $255,948

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $255,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $190,785

Other Expenses $190,785

TOTAL EXPENSES $190,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,948	$313,420	-0.2%
Expenses	$190,785	$187,219	+0.0%
Net Income	$65,163	$126,201	-0.5%

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

N/A

Employees

N/A

Volunteers

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADEROGBA ADENIJI	DIRECTOR	20.00	Director	$0	$0	$0
TEMIDAYO MACARTHY	DIRECTOR	5.00	Director	$0	$0	$0
BOLA MACARTHY	PRESIDENT	40.00	Officer	$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
2024	$255,948	$190,785	$294,315	$65,163
2023	$313,420	$187,219	$507,094	$126,201
2022	$248,577	$175,600	$310,929	$72,977
2021	$292,163	$250,237	$241,212	$41,926
2020	$223,219	$210,702	$196,288	$12,517
2019	$471,708	$375,006	$186,769	$96,702
2018	$178,493	$130,868	$87,582	$47,625

EXCELSIOR HEALTHCARE ACADEMY INC