FLETCHER ACADEMY INC (EIN 561432644) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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

1986

Legal Domicile

Principal Officer

STEPHEN LEARNED

Phone

8282096711

Tax Period

2024-07-01 to 2025-06-30

FLETCHER ACADEMY INC, founded in 1986, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $12.0M left a modest 5% surplus.

Mission

FLETCHER ACADEMY OPERATES A DISTINCTLY SEVENTH-DAY ADVENTIST SCHOOL, A RETIREMENT COMMUNITY, AND A FITNESS CENTER FOR THE COMMUNITY, RETIREMENT RESIDENTS, AND FOR THE ACADEMY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,254,554

Program Service Revenue $10,058,794

Investment Income $21,886

Other Revenue $268,800

TOTAL REVENUE $12,604,034

Expense Breakdown

Grants Paid $540,264

Salaries & Benefits $5,971,829

Fundraising Expenses $492,766

Program Expenses $9,155,576

Other Expenses $5,444,293

TOTAL EXPENSES $11,956,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,604,034	$10,497,051	+0.2%
Expenses	$11,956,386	$10,905,485	+0.1%
Net Income	$647,648	$-408,434	-2.6%

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

413

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

$480,116

Total Directors

$147,964

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS CAREY	CEO/PRESIDENT	40.00	Officer Director	$118,141	$29,823	$147,964
JONATHAN KENDRICK	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SHELLY ANCHETA	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE PENDLETON	BOARD MEMBER	1.00	Director	$0	$0	$0
STAURT YOON	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE TULLOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
MILTON CONLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRK BURGIN	BOARD MEMBER	1.00	Director	$0	$0	$0
TRISTAN HAMILTON	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY NOVAK	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER ZINKE	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN FRITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF HARPER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT NUNNALEY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN LEARNED	CHIEF FINANCIAL OFFICER/TREASURER	40.00	Officer	$76,044	$33,989	$110,033
PHILIP D WILHELM	CHIEF ACADEMIC OFFICER/FA PRINCIPAL	40.00	Officer	$88,403	$37,871	$126,274
ARTHUR L GIBBS	CHIEF ADVANCEMENT OFFICER/CORP. SEC.	40.00	Officer	$71,524	$24,321	$95,845

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	$12,604,034	$11,956,386	$20,810,748	$647,648
2024	$10,497,051	$10,905,485	$19,433,168	$-408,434
2023	$9,697,230	$10,610,509	$19,644,092	$-913,279
2022	$8,672,935	$9,501,224	$20,769,955	$-828,289
2021	$8,984,005	$8,424,590	$20,973,040	$559,415
2020	$8,894,567	$8,211,480	$20,104,549	$683,087
2019	$8,510,194	$7,951,322	$19,402,904	$558,872
2018	$8,619,799	$7,698,305	$19,003,841	$921,494

FLETCHER ACADEMY INC