ALBEMARLE EDUCATIONAL FOUNDATN INC

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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

1965

Legal Domicile

Principal Officer

GEORGIA PERRY

Phone

2523380883

Tax Period

2024-07-01 to 2025-06-30

ALBEMARLE EDUCATIONAL FOUNDATN INC, founded in 1965, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

EDUCATION OF STUDENTS FROM PRESCHOOL AGE THROUGH HIGH SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $1,701,974 Revenue: $1,900,658

THE FOUNDATION TRAINS, INSTRUCTS, AND EDUCATES STUDENTS. THE FOUNDATION OFFERS PRESCHOOL, ELEMENTARY, MIDDLE, AND HIGH SCHOOL INSTRUCTION.

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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 $43,360

Program Service Revenue $1,900,658

Investment Income $0

Other Revenue $65,401

TOTAL REVENUE $2,009,419

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,361,059

Fundraising Expenses $0

Program Expenses $1,701,974

Other Expenses $626,209

TOTAL EXPENSES $1,987,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,009,419	$1,833,644	+0.1%
Expenses	$1,987,268	$1,729,742	+0.1%
Net Income	$22,151	$103,902	-0.8%

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

252

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

$65,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY SIMPSON	HEADMASTER	40.00	Officer	$65,704	$0	$65,704
KATHY FORD	BOARD MEMBER	N/A	Director	$0	$0	$0
SPIROS GIANNAKOPOULOS	BOARD MEMBER	N/A	Director	$0	$0	$0
JACOB WEMMERING	BOARD MEMBER	N/A	Director	$0	$0	$0
MARK DELOSREYES	TREASURER	N/A	Officer	$0	$0	$0
JESSICA JAMES	CHAIRMAN	N/A	Officer	$0	$0	$0
GEORGIA PERRY	SECRETARY	N/A	Officer	$0	$0	$0
MATT SCRIBNER	VICE-CHAIRMA	N/A	Officer	$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	$2,009,419	$1,987,268	$2,249,723	$22,151
2024	$1,833,644	$1,729,742	$1,357,250	$103,902
2023	$1,718,752	$1,633,263	$1,055,839	$85,489
2022	$1,741,688	$1,525,652	$959,285	$216,036
2021	$1,310,080	$1,329,083	$923,305	$-19,003
2020	$1,384,693	$1,302,336	$958,132	$82,357
2019	$1,390,981	$1,290,119	$759,446	$100,862