MIRUS ACADEMY

EIN: 464279998 501(c)(3) Education

ELLSWORTH, ME

Total Revenue
$719,517
Total Expenses
$770,696
Total Assets
$573,494
Net Assets
$573,494
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
ME
Principal Officer
AARON HANSON
Phone
2404664787
Tax Period
2024-07-01 to 2025-06-30

MIRUS ACADEMY, founded in 2013, is a small nonprofit in the Education sector that reported $720K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

MIRUS ACADEMY EXISTS TO MATURE STUDENTS IN THEIR LOVE OF TRUTH AND THEIR TRUE LOVE OF OTHERS. MIRUS ACADEMY SEEKS TO: A. PROVIDE THE HIGHEST ACADEMIC RIGOR WHILE ALSO ENCOURAGING THE GREATEST OF HUMILITIES IN CHARACTER. B. ENSURE THAT THE CHRISTIAN METANARRATIVE IS INTEGRATED INTO ALL SUBJECT AREAS. C. EMPHASIZE THE WONDER INHERENT IN ALL AREAS OF STUDY. D. MAINTAIN CLASSICAL METHODOLOGY. E. PROVIDE AN ORDERLY ATMOSPHERE CONDUCIVE TO THE ATTAINING INTELLECTUAL HONESTY, GRACEFUL HUMILITY, AND LOVING RELATIONSHIPS WITH FELLOW STUDENTS AND STAFF.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $187,337
Program Service Revenue $476,251
Investment Income $13,729
Other Revenue $42,200
TOTAL REVENUE $719,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $622,095
Fundraising Expenses $15,524
Program Expenses $755,169
Other Expenses $148,601
TOTAL EXPENSES $770,696

Year-over-Year Comparison

2024 2023 Change
Revenue $719,517 $778,798 -0.1%
Expenses $770,696 $614,885 +0.3%
Net Income $-51,179 $163,913 -1.3%
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

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Governance

Voting Members
2
Independent Members
2
Employees
24
Volunteers
2

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY ADAMS V.PRES/TREAS 2.00
Officer Director
$0 $0 $0
TIMOTHY STANLEY PRESIDENT/SE 2.00
Officer Director
$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
2025 $719,517 $770,696 $573,494 $-51,179
2024 $778,798 $614,885 $609,846 $163,913
2023 $506,967 $526,952 $434,026 $-19,985
2022 $560,436 $396,754 $450,147 $163,682
2021 $417,393 $292,771 $295,693 $124,622
2020 $255,442 $227,745 $181,622 $27,697
2019 $257,094 $218,281 $143,374 $38,813
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