EXPLORE ACADEMY FOUNDATION (EIN 471720796) - 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

JUSTIN BAIARDO

Phone

5053055300

Tax Period

2022-07-01 to 2023-06-30

EXPLORE ACADEMY FOUNDATION, founded in 2014, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2022. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIDE FACILITIES AND OTHER SUPPORT TO EXPLORE ACADEMY CHARTER SCHOOL, A NEW MEXICO GOVERNMENTAL AUTHORIZED CHARTER SCHOOL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,114,688

Investment Income $439,332

Other Revenue $0

TOTAL REVENUE $2,554,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,025,998

Other Expenses $3,025,998

TOTAL EXPENSES $3,025,998

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,554,020	$1,867,493	+0.4%
Expenses	$3,025,998	$3,247,065	-0.1%
Net Income	$-471,978	$-1,379,572	-0.7%

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

N/A

Employees

N/A

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

$157,095

Total Directors

$157,095

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN BAIARDO	PRESIDENT/CHAIR	2.00	Officer Director	$0	$35,175	$157,095
MELANIE AVGERAKIS	SECRETARY	1.00	Officer Director	$0	$0	$0
DANIELE KNEE	TREASURER	1.00	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
2023	$2,554,020	$3,025,998	$34,428,362	$-471,978
2022	$1,867,493	$3,247,065	$34,734,818	$-1,379,572
2021	$1,181,763	$2,006,857	$21,307,061	$-825,094
2020	$827,299	$1,415,921	$21,756,662	$-588,622
2019	$416,683	$731,033	$8,483,284	$-314,350
2018	No data	$1,036,822	$8,635,279	No data

EXPLORE ACADEMY FOUNDATION