NORTH CAROLINA HIGH SCHOOL FOR ACCELERATED LEARNING-WAKE INC (EIN 475158332) - 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

2013

Legal Domicile

Principal Officer

ASA FLEMING

Phone

9195215067

Tax Period

2022-07-01 to 2023-06-30

NORTH CAROLINA HIGH SCHOOL FOR ACCELERATED LEARNING-WAKE INC, founded in 2013, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2022.

Mission

TO HELP AT-RISK STUDENTS EARN A STANDARD HIGH SCHOOL DIPLOMA AND PREPARE FOR POST-SECONDARY SUCCESS.

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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 $3,169,199

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,169,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,130,925

Fundraising Expenses $0

Program Expenses $1,802,539

Other Expenses $2,012,093

TOTAL EXPENSES $3,143,018

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,169,199	$3,134,674	+0.0%
Expenses	$3,143,018	$3,112,385	+0.0%
Net Income	$26,181	$22,289	+0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASA FLEMING	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL BYERS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DR YOLANDA BURWELL	SECRETARY	1.00	Director	$0	$0	$0
LJ YARBROUGH	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS SINCLAIR	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ANTONIO V CARR	BOARD MEMBER	1.00	Director	$0	$0	$0
DEXTER HEBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
DEMARCUS WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
WANDA THOMAS	BOARD MEMBER	1.00	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	$3,169,199	$3,143,018	$476,234	$26,181
2022	$3,134,674	$3,112,385	$771,814	$22,289
2021	$2,813,321	$2,802,731	$285,256	$10,590
2020	$2,522,483	$2,503,415	$216,868	$19,068
2019	$1,985,951	$1,979,993	$59,377	$5,958
2018	$1,759,084	$1,758,680	$86,969	$404

NORTH CAROLINA HIGH SCHOOL FOR ACCELERATED LEARNING-WAKE INC