FAYETTEVILLE ACADEMY (EIN 560944004) - 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

1969

Legal Domicile

Principal Officer

ED PETKOVICH

Phone

9108685131

Tax Period

2024-07-01 to 2025-06-30

FAYETTEVILLE ACADEMY, founded in 1969, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2024. Expenses of $6.9M left a modest 4% surplus.

Mission

FAYETTEVILLE ACADEMY IS AN INDEPENDENT, COLLEGE PREPARATORY SCHOOL (PREK- 12) THAT ENCOURAGES STUDENTS TO ACHIEVE THEIR FULL POTENTIAL BY OFFERING EXCEPTIONAL OPPORTUNITIES IN ACADEMICS, FINE ARTS, AND ATHLETICS. THE ACADEMY EMPHASIZES SCHOLARSHIP, HONOR, LEADERSHIP, AND CITIZENSHIP IN A SAFE AND INCLUSIVE ENVIRONMENT. THE ACADEMY IS PROUD TO BE RANKED THE NUMBER ONE PRIVATE SCHOOL IN THE FAYETTEVILLE AREA AND AMONG THE TOP 20 BEST PRIVATE SCHOOLS IN NORTH CAROLINA BY NICHE.COM.

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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 $148,031

Program Service Revenue $6,845,797

Investment Income $168,720

Other Revenue $42,558

TOTAL REVENUE $7,205,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,199,127

Fundraising Expenses $107,084

Program Expenses $5,512,016

Other Expenses $1,681,922

TOTAL EXPENSES $6,881,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,205,106	$7,146,572	+0.0%
Expenses	$6,881,049	$6,840,534	+0.0%
Net Income	$324,057	$306,038	+0.1%

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

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

169

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
WELLS ALDERMAN	TRUSTEE	N/A	Director	$0	$0	$0
JOSH BARKMAN	TRUSTEE	N/A	Director	$0	$0	$0
FAITH CHIMA	TRUSTEE	N/A	Director	$0	$0	$0
ED CROOT	VICE CHAIR	N/A	Officer Director	$0	$0	$0
MURRAY DUGGINS	TRUSTEE	N/A	Director	$0	$0	$0
IJEOMA EJEH	TRUSTEE	N/A	Director	$0	$0	$0
KAREN EWART	TREASURER	N/A	Officer Director	$0	$0	$0
ANITA FLOWERS	TRUSTEE	N/A	Director	$0	$0	$0
MARIA JO FULCHER	TRUSTEE	N/A	Director	$0	$0	$0
BRUCE HAMMILL	TRUSTEE	N/A	Director	$0	$0	$0
BILL JORDAN	TRUSTEE	N/A	Director	$0	$0	$0
MARIE LOWE	TRUSTEE	N/A	Director	$0	$0	$0
LAURENCE MESTER	TRUSTEE	N/A	Director	$0	$0	$0
AMY NAVEJAS	TRUSTEE	N/A	Director	$0	$0	$0
ANN OGLESBEE	TRUSTEE	N/A	Director	$0	$0	$0
ANDREW PENINK	TRUSTEE	N/A	Director	$0	$0	$0
ED PETKOVICH	CHAIRMAN	N/A	Officer Director	$0	$0	$0
CRISTINA QUANTOCK	SECRETARY	N/A	Officer Director	$0	$0	$0
LINDSAY RYAN	TRUSTEE	N/A	Director	$0	$0	$0
DICKSON SCHAEFER	TRUSTEE	N/A	Director	$0	$0	$0
BILLY WEST	TRUSTEE	N/A	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	$7,205,106	$6,881,049	$7,385,701	$324,057
2024	$7,146,572	$6,840,534	$6,978,281	$306,038
2023	$6,652,904	$6,239,539	$6,649,516	$413,365
2022	$6,525,555	$6,031,294	$6,108,827	$494,261
2021	$5,986,071	$5,991,700	$6,677,231	$-5,629
2020	$5,577,817	$5,720,012	$5,641,362	$-142,195
2019	$5,747,952	$5,634,414	$5,117,796	$113,538
2018	$5,369,449	$5,349,626	$5,054,437	$19,823

FAYETTEVILLE ACADEMY