ALTERNATIVES IN EDUCATION INC D/B/A MARION ACADEMY (EIN 465021047) - 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

2014

Legal Domicile

Principal Officer

GEOFFREY E CHERRY

Phone

3179831300

Tax Period

2018-07-01 to 2019-06-30

ALTERNATIVES IN EDUCATION INC D/B/A MARION ACADEMY, founded in 2014, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2018. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 36% operating deficit.

Mission

PUBLIC CHARTER HIGH SCHOOL AND MIDDLE SCHOOL FOR GRADES 6-12.

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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 $1,614,991

Program Service Revenue $0

Investment Income $25

Other Revenue $11,247

TOTAL REVENUE $1,626,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,230,413

Fundraising Expenses $0

Program Expenses $1,644,540

Other Expenses $988,725

TOTAL EXPENSES $2,219,138

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,626,263	$2,354,703	-0.3%
Expenses	$2,219,138	$2,176,946	+0.0%
Net Income	$-592,875	$177,757	-4.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$112,892

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGINA ASHLEY	PRESIDENT/CHAIRMAN/DIRECTO	5.00	Officer Director	$0	$0	$0
AMY HORTON	SECRETARY	5.00	Officer Director	$0	$0	$0
REGINALD FLETCHER	TREASURER	5.00	Officer Director	$0	$0	$0
ANDRE WILKERSON	DIRECTOR	5.00	Director	$0	$0	$0
ALICIA GOODEN	DIRECTOR	5.00	Director	$0	$0	$0
JEREMY ELTZ	DIRECTOR	5.00	Director	$0	$0	$0
RUTH LAMBERT	DIRECTOR	5.00	Director	$0	$0	$0
DAVID GREEN	DIRECTOR	5.00	Director	$0	$0	$0
CAREN LETTOFSKY	DIRECTOR	5.00	Director	$0	$0	$0
KENYATTA WHITE	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER MANN	DIRECTOR	5.00	Director	$0	$0	$0
JULIE SAUNDERS	DIRECTOR	5.00	Director	$0	$0	$0
PATRICIA BARNES	DIRECTOR	5.00	Director	$0	$0	$0
PATRICK JONES II	DIRECTOR	5.00	Director	$0	$0	$0
LATOYA BLACK	SCHOOL DIRECTOR	40.00	Officer	$100,824	$12,068	$112,892

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	$1,626,263	$2,219,138	$445,159	$-592,875
2018	$2,354,703	$2,176,946	$1,108,937	$177,757

ALTERNATIVES IN EDUCATION INC D/B/A MARION ACADEMY