MIDDLEBURG ACADEMY INC (EIN 541708655) - 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

1994

Legal Domicile

Principal Officer

MICHAEL S HOOVER

Phone

3304280738

Tax Period

2022-07-01 to 2023-06-30

MIDDLEBURG ACADEMY INC, founded in 1994, is a micro nonprofit that reported $810 in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $43K exceeded revenue, resulting in a 5183% operating deficit.

Mission

MIDDLEBURG ACADEMY INSPIRES STUDENTS TO EXCELLENCE IN ACADEMICS, THE ARTS, AND ATHLETICS. WE ARE A DYNAMIC COMMUNITY OF STUDENTS, FACULTY AND STAFF, BOARD OF TRUSTEES, PARENTS, AND ALUMNI DEDICATED TO LIFELONG LEARNING, SERVICE TO OTHERS, SPIRTUAL GROWTH, AND THE SUCCESS OF EACH STUDENT. OUR SCHOOL STRIVES TO DEVELOP YOUNG MEN AND WOMEN OF MORAL INTEGRITY WHO WILL BE RESPONSIBLE LEADERS AND CITIZENS IN A DIVERSE AND EVER-CHANGING WORLD.

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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 $0

Investment Income $6

Other Revenue $804

TOTAL REVENUE $810

Expense Breakdown

Grants Paid $30,572

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,572

Other Expenses $12,222

TOTAL EXPENSES $42,794

Year-over-Year Comparison

	2022	2021	Change
Revenue	$810	$3,125,207	-1.0%
Expenses	$42,794	$317,099	-0.9%
Net Income	$-41,984	$2,808,108	-1.0%

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

N/A

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
MR MICHAEL HOOVER	CHAIRMAN OF THE BOARD	5.00	Officer Director	$0	$0	$0
MR FRANK MANGANO	FIRST VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MS LYNN DIMOFF	SECOND VICE CHAIRPERSON	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
2023	$810	$42,794	No data	$-41,984
2022	$3,125,207	$317,099	$327,479	$2,808,108
2021	$393,777	$801,248	$2,397,449	$-407,471
2020	$3,586,847	$3,868,958	$3,417,130	$-282,111
2019	$3,837,783	$3,747,113	$4,490,788	$90,670
2018	$3,903,614	$3,927,810	$4,601,290	$-24,196

MIDDLEBURG ACADEMY INC