ACCELERATION EDUCATIONAL SERVICES … - Form 990 Financial Data

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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

Principal Officer

PATRICIA LIGHTNER

Phone

2395995346

Tax Period

2018-07-01 to 2019-06-30

ACCELERATION EDUCATIONAL SERVICES INC, founded in 2013, is a small nonprofit that reported $509K in total revenue in fiscal year 2018. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $676K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO FOSTER A COMMUNITY OF STUDENT LEARNERS WHO ARE FOCUSED ON DEVELOPING THE NECESSARY INNER RESOURCES, RESPONSIBILTY & PERSONAL COMMITMENT FOR ACADEMIC, SOCIAL & PERSONAL CHANGE.

Program Service Accomplishments

Program 1

Expenses: $501,420 Revenue: $443,579

THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO OPERATE A NON-PROFIT CHARTER SCHOOL WITH A UNIQUE EDUCATION PLAN. THE EDUCATIONAL PROGRAM IS DESIGNED FOR STUDENTS IN GRADES 6-8 WHO HAVE BEEN...

THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO OPERATE A NON-PROFIT CHARTER SCHOOL WITH A UNIQUE EDUCATION PLAN. THE EDUCATIONAL PROGRAM IS DESIGNED FOR STUDENTS IN GRADES 6-8 WHO HAVE BEEN UNSUCCESSFUL, IN DANGER OF FAILING, HAVE FAILED, BEEN RETAINED OR ARE OVER-AGED IN MIDDLE SCHOOL. ALL STUDENTS TAKE BASELINE READING, MATH AND WRITING TESTS DESIGNED TO DETERMINE BASIC SUBJECT AREA ACADEMIC SKILLS. THESE TESTS ASSIST WITH CUSTOMIZING THE STUDENTS' LEARNING PLANS WITH RESPECT TO GRADE LEVEL EXPECTATIONS AND ACADEMIC LEVELS. IN FISCAL YEAR ENDED JUNE 30,2019, THE SCHOOL SERVED 64 STUDENTS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $72,945

Program Service Revenue $443,579

Investment Income $-7,671

Other Revenue $0

TOTAL REVENUE $508,853

Expense Breakdown

Grants Paid $35,620

Salaries & Benefits $205,358

Fundraising Expenses $0

Program Expenses $501,420

Other Expenses $434,651

TOTAL EXPENSES $675,629

Year-over-Year Comparison

	2018	2017	Change
Revenue	$508,853	$712,663	-0.3%
Expenses	$675,629	$829,494	-0.2%
Net Income	$-166,776	$-116,831	+0.4%

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

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

$48,546

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA HAUKE	BOARD MEMBER	0.25	Director	$0	$0	$0
HARRY ARCHER BOIES	BOARD MEMBER	0.25	Director	$0	$0	$0
THOMAS ARCHAMBAULT	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHELLE KRAMOSKI	BOARD MEMBER	0.25	Director	$0	$0	$0
PATRICIA LIGHTNER	PRESIDENT	40.00	Officer	$48,546	$0	$48,546
TERRONCIA SIMON	SECRETARY	0.25	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
2019	$508,853	$675,629	No data	$-166,776

ACCELERATION EDUCATIONAL SERVICES INC