GREAT ACADEMY FOUNDATION INC

EIN: 464312660 501(c)(3) Education

ALBUQUERQUE, NM

Total Revenue
$1,203,524
Total Expenses
$256,254
Total Assets
$1,677,827
Net Assets
$882,628
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NM
Principal Officer
WILTHA RAY WILSON
Phone
5057920306
Tax Period
2024-07-01 to 2025-06-30

GREAT ACADEMY FOUNDATION INC, founded in 2013, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 302% from the prior year, signaling strong growth momentum. The organization ran a surplus of $947K, a strong 79% operating margin.

Mission

TO RECEIVE AND TO MAINTAIN FUNDS IN THE FORM OF REAL OR PERSONAL PROPERTY FOR THE PURPOSE OF SUPPORTING THE PUBLIC EDUCATION PURPOSES OF THE GREAT ACADEMY CHARTER SCHOOL, A NEW MEXICO PUBLIC CHARTER SCHOOL, PROVIDING SUITABLE FACILITIES AND OTHER PERMISSIBLE ORGANIZATIONAL SUPPORT.

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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 $0
Program Service Revenue $0
Investment Income $22
Other Revenue $1,203,502
TOTAL REVENUE $1,203,524

Expense Breakdown

Grants Paid $10,788
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $246,257
Other Expenses $245,466
TOTAL EXPENSES $256,254

Year-over-Year Comparison

2024 2023 Change
Revenue $1,203,524 $299,126 +3.0%
Expenses $256,254 $186,607 +0.4%
Net Income $947,270 $112,519 +7.4%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILTHA RAY WILSON PRESIDENT 2.00
Officer Director
$0 $0 $0
DIANE WASHINGTON SECRETARY 2.00
Officer Director
$0 $0 $0
VEXTRIC BRIGGS TREASURER 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 $1,203,524 $256,254 $1,677,827 $947,270
2024 $299,126 $186,607 $1,435,056 $112,519
2023 $292,195 $161,839 $1,408,365 $130,356
2022 $296,632 $181,090 $1,379,218 $115,542
2021 $298,296 $198,611 $1,384,189 $99,685
2020 $441,795 $198,157 $1,369,219 $243,638
2019 $270,405 $601,475 $1,395,858 $-331,070
2018 $253,642 $465,886 $1,528,260 $-212,244
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