FIT ACADEMY

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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

CLAUD ALLAIRE

Phone

9528473798

Tax Period

2024-07-01 to 2025-06-30

FIT ACADEMY, founded in 2014, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $6.4M left a modest 6% surplus.

Mission

FIT ACADEMY BELIEVES STUDENTS MUST HAVE A HEALTHY FOUNDATION TO ACHIEVE ACADEMIC EXCELLENCE. OUR MISSION IS TO PROVIDE A RIGOROUS ACADEMIC EXPERIENCE BY OFFERING A BALANCED APPROACH TO THE MENTAL, PHYSICAL, AND EMOTIONAL DEVELOPMENT OF OUR STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $4,420,670 Revenue: $575,316

AS THE SCHOOL'S ENROLLMENT CONTINUES TO GROW, SO DOES ITS PROGRAMS REQUIRED TO SERVE THOSE STUDENTS. THIS HAS RESULTED IN AN INCREASE IN THE NUMBER OF STUDENTS TO AN ENROLLMENT OF 420 IN GRADES K-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 (2024)

Revenue Breakdown

Contributions & Grants $6,269,868

Program Service Revenue $575,316

Investment Income $17,248

Other Revenue $-1,218

TOTAL REVENUE $6,861,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,043,592

Fundraising Expenses $0

Program Expenses $4,420,670

Other Expenses $2,390,932

TOTAL EXPENSES $6,434,524

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,861,214	$5,639,979	+0.2%
Expenses	$6,434,524	$6,263,569	+0.0%
Net Income	$426,690	$-623,590	-1.7%

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

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

$261,687

Total Directors

$282,253

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGIE HALAMA	MEMBER	40.00	Director	$74,695	$11,548	$86,243
SHANNON BAKER	MEMBER (FORMER)	40.00	Director	$88,560	$8,200	$96,760
BILL SCHNEIDER	CHAIR	5.00	Officer Director	$0	$0	$0
ANTHONY BUHR	TREASURER	2.00	Officer Director	$0	$0	$0
MEGAN THIELFOLDT	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
ERIC KALENZE	MEMBER	40.00	Director	$87,874	$11,376	$99,250
CHRISI DAUM	MEMBER	2.00	Director	$0	$0	$0
RICH PENIX	MEMBER	2.00	Director	$0	$0	$0
CLAUD ALLAIRE	EXECUTIVE DIRECTOR	40.00	Officer	$128,259	$12,466	$140,725
MOLLY HUNHOLZ	SPED DIRECTOR	40.00	Officer	$110,624	$10,338	$120,962

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	$6,861,214	$6,434,524	$8,967,209	$426,690
2024	$5,639,979	$6,263,569	$8,668,515	$-623,590
2023	$5,697,829	$5,785,487	$9,756,945	$-87,658
2022	$4,399,675	$4,644,621	$5,343,445	$-244,946
2021	$4,405,584	$4,455,524	$3,420,661	$-49,940
2020	$3,755,926	$4,207,265	$3,301,985	$-451,339
2019	$3,940,351	$3,666,357	$3,835,846	$273,994
2018	$2,530,600	$2,458,143	$991,073	$72,457