MORGANTOWN LEARNING ACADEMY INC

EIN: 550464601 501(c)(3) Education

MORGANTOWN, WV

Total Revenue
$971,216
Total Expenses
$1,014,788
Total Assets
$1,072,055
Net Assets
$509,106
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
WV
Principal Officer
EVELYN WARD
Phone
3042969554
Tax Period
2024-08-01 to 2025-07-31

MORGANTOWN LEARNING ACADEMY INC, founded in 1967, is a small nonprofit in the Education sector that reported $971K in total revenue in fiscal year 2024.

Program Service Accomplishments

Program 1
Expenses: $739,721 Revenue: $948,344

THE PURPOSE OF THE MORGANTOWN LEARNING ACADEMY IS TO PROVIDE AN ALTERNATIVE EDUCATION OF THE HIGHEST QUALITY FOR CHILDREN OF ALL RACIAL, CULTURAL, RELIGIOUS, AND ECONOMIC BACKGROUNDS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,069
Program Service Revenue $945,941
Investment Income $8,941
Other Revenue $9,265
TOTAL REVENUE $971,216

Expense Breakdown

Grants Paid $0
Salaries & Benefits $742,092
Fundraising Expenses $0
Program Expenses $739,721
Other Expenses $272,696
TOTAL EXPENSES $1,014,788

Year-over-Year Comparison

2024 2023 Change
Revenue $971,216 $1,018,260 0.0%
Expenses $1,014,788 $1,011,148 +0.0%
Net Income $-43,572 $7,112 -7.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
1
Employees
38
Volunteers
100

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
1
$89,450
Total Directors
1
$89,450
Key Employees
1
$89,450
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVELYN WARD DIRECTOR 55.00
Officer Director Key Emp
$89,450 $0 $89,450
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 $971,216 $1,014,788 $1,072,055 $-43,572
2024 $1,018,260 $1,011,148 $1,152,773 $7,112
2023 $973,572 $964,151 $1,196,352 $9,421
2022 $923,721 $776,896 $1,214,887 $146,825
2021 $741,000 $668,687 $1,103,045 $72,313
2020 $748,159 $700,995 $1,053,852 $47,164
2019 $782,291 $665,772 $812,400 $116,519
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