THE ELMWOOD ACADEMY (EIN 471433197) - 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

CELESTE PENNEY

Phone

5105490605

Tax Period

2024-07-01 to 2025-06-30

THE ELMWOOD ACADEMY, founded in 2014, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2024. Expenses of $4.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE ACADEMY'S PRIMARY PURPOSE IS TO EDUCATE CHILDREN IN KINDERGARTEN THROUGH EIGHTH GRADE BY DEVELOPING THOUGHTFUL, AMBITIOUS, AND DEEP LEARNERS. THE ACADEMY HONORS EACH STUDENT'S INDIVIDUALITY WHILE CULTIVATING THEIR SENSE OF INTEGRITY, THEIR RESPECT FOR OTHERS, AND THEIR COMMITMENT TO SERVICE IN A GLOBAL SOCIETY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $165,926

Program Service Revenue $3,685,839

Investment Income $27,501

Other Revenue $0

TOTAL REVENUE $3,879,266

Expense Breakdown

Grants Paid $411,426

Salaries & Benefits $2,740,160

Fundraising Expenses $109,432

Program Expenses $3,836,964

Other Expenses $1,394,537

TOTAL EXPENSES $4,546,123

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,879,266	$4,026,395	0.0%
Expenses	$4,546,123	$4,174,288	+0.1%
Net Income	$-666,857	$-147,893	+3.5%

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

$203,221

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIVEK MOHTA	BOARD CHAIR	2.50	Officer Director	$0	$0	$0
LINDA JANOUROVA-TANG	SECRETARY	2.50	Officer Director	$0	$0	$0
ZARIN NOOR	TRUSTEE	2.50	Director	$0	$0	$0
SORAYA ROFAGHA	FINANCE CHAIR	2.50	Officer Director	$0	$0	$0
JOHNATHAN WALSH	TRUSTEE	2.50	Director	$0	$0	$0
CELESTE PENNEY	HEAD OF SCHOOL	40.00	Officer	$203,221	$0	$203,221

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	$3,879,266	$4,546,123	$6,807,567	$-666,857
2024	No data	No data	No data	No data
2023	$4,292,255	$4,010,234	$2,774,010	$282,021
2022	$3,461,214	$3,184,296	$2,514,030	$276,918
2021	$3,323,112	$2,871,763	$2,424,804	$451,349
2020	$2,764,974	$2,630,982	$2,085,276	$133,992
2019	$2,490,806	$2,353,996	$1,642,167	$136,810
2018	$2,208,105	$2,206,868	$844,528	$1,237

THE ELMWOOD ACADEMY