WARE ACADEMY INC (EIN 540577901) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

DAWN FLEET

Phone

8046933825

Tax Period

2022-07-01 to 2023-06-30

WARE ACADEMY INC, founded in 1949, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2018. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 12% surplus.

Mission

WARE ACADEMY IS A COLLEGE PREPARATORY SCHOOL FOR STUDENTS IN PRE-KINDERGARTEN THROUGH EIGHTH GRADE DESIGNED TO EDUCATE THE WHOLE CHILD TO HIS OR HER FULLEST POTENTIAL.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $653,159

Program Service Revenue $2,002,079

Investment Income $3,357

Other Revenue $34,821

TOTAL REVENUE $2,693,416

Expense Breakdown

Grants Paid $323,272

Salaries & Benefits $1,405,310

Fundraising Expenses $111,042

Program Expenses $1,913,527

Other Expenses $641,075

TOTAL EXPENSES $2,369,657

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,693,416	$2,220,713	+0.2%
Expenses	$2,369,657	$1,946,741	+0.2%
Net Income	$323,759	$273,972	+0.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$106,330

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR STAN ALLEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN ELKIN	DIRECTOR	2.00	Director	$0	$0	$0
DENISE FINNEY	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL KITTRELL	SECRETARY	2.00	Officer Director	$0	$0	$0
AMY VAN FOSSEN	DIRECTOR	2.00	Director	$0	$0	$0
DR BRAD HENDRICKS	DIRECTOR	2.00	Officer Director	$0	$0	$0
CARA RANDOLPH	DIRECTOR	2.00	Director	$0	$0	$0
RYAN DAY	DIRECTOR	2.00	Director	$0	$0	$0
TYLER FINNEY	TREASURER	2.00	Director	$0	$0	$0
JENNIFER SCOTT	DIRECTOR	2.00	Director	$0	$0	$0
JASON ROWE	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN WADE	DIRECTOR	2.00	Director	$0	$0	$0
EMMANUEL NESBITT	DIRECTOR	2.00	Director	$0	$0	$0
CARLTON REVERE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
COURTNEY RILEY	DIRECTOR	2.00	Director	$0	$0	$0
MEGHAN TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
SANDY VAN LEEUWEEN	DIRECTOR	2.00	Director	$0	$0	$0
DAWN FLEET	HEAD OF SCHOOL	40.00	Officer	$106,330	$0	$106,330

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	$2,693,416	$2,369,657	$2,303,351	$323,759
2022	$2,220,713	$1,946,741	$2,036,170	$273,972
2021	$2,062,524	$1,700,626	$1,838,982	$361,898
2020	$1,717,106	$1,828,196	$1,659,700	$-111,090
2019	$2,085,450	$1,833,749	$1,364,576	$251,701

WARE ACADEMY INC