Universal Academy

EIN: 464392267 501(c)(3) Education

Minneapolis, MN

Total Revenue
$8,189,747
Total Expenses
$8,174,367
Total Assets
$15,661,918
Net Assets
$4,994,853
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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
MN
Principal Officer
Farhiya Einte
Phone
6514423124
Tax Period
2022-07-01 to 2023-06-30

Universal Academy, founded in 2013, is a community nonprofit in the Education sector that reported $8.2M in total revenue in fiscal year 2022.

Mission

Universal Academy will provide success for all students with high quality learning, empowerment and support from a caring and nurturing 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 (2022)

Revenue Breakdown

Contributions & Grants $635,871
Program Service Revenue $7,458,222
Investment Income $95,654
Other Revenue $0
TOTAL REVENUE $8,189,747

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,214,927
Fundraising Expenses $0
Program Expenses $7,255,228
Other Expenses $3,959,440
TOTAL EXPENSES $8,174,367

Year-over-Year Comparison

2022 2021 Change
Revenue $8,189,747 $7,929,460 +0.0%
Expenses $8,174,367 $7,827,411 +0.0%
Net Income $15,380 $102,049 -0.8%
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
5
Independent Members
3
Employees
100
Volunteers
10

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
5
$120,961
Key Employees
1
$152,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Farhiya Einte Executive Director 40.00
Key Emp
$152,500 $0 $152,500
Randa Roushdy Member 40.00
Director
$60,337 $0 $60,337
Marianne Mlambe Member 40.00
Director
$60,624 $0 $60,624
Anisa Hashi Member 2.00
Director
$0 $0 $0
Abdulkadir Osman Vice Chair 2.00
Officer Director
$0 $0 $0
Amiin Harun Board Chair 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 No data No data No data No data
2024 No data No data No data No data
2023 $8,189,747 $8,174,367 $15,661,918 $15,380
2022 $7,929,460 $7,827,411 $15,792,464 $102,049
2021 $7,143,639 $6,277,264 $9,150,181 $866,375
2020 $5,967,430 $5,413,341 $7,754,700 $554,089
2019 $5,531,671 $4,528,469 $7,375,382 $1,003,202
2018 $4,917,550 $4,425,751 $6,349,477 $491,799
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