SPONSORS FOR ACADEMIC TALENT INC

EIN: 561454833 501(c)(3) Education

JACKSONVILLE, NC

Total Revenue
$107,803
Total Expenses
$72,535
Total Assets
$912,909
Net Assets
$912,909
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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
1985
Legal Domicile
NC
Principal Officer
ANN MAREADY
Phone
9104452211
Tax Period
2024-01-01 to 2024-12-31

SPONSORS FOR ACADEMIC TALENT INC, founded in 1985, is a small nonprofit in the Education sector that reported $108K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $35K, a strong 33% operating margin.

Mission

THIS ORGANIZATION AWARDS SCHOLARSHIPS TO ONSLOW HIGH SCHOOL SENIORS

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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 $67,355
Program Service Revenue $0
Investment Income $40,448
Other Revenue $0
TOTAL REVENUE $107,803

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $72,535
Other Expenses $72,535
TOTAL EXPENSES $72,535

Year-over-Year Comparison

2024 2023 Change
Revenue $107,803 $311,366 -0.7%
Expenses $72,535 $47,021 +0.5%
Net Income $35,268 $264,345 -0.9%
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
20

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN MAREADY PRESIDENT 2.00
Director
$0 $0 $0
SHERRY HAMBRIGHT VICE PRESIDE 2.00
Director
$0 $0 $0
BRENT ANDERSON EXECUTIVE DI 2.00
Director
$0 $0 $0
PEGGY KELLEY PAST PRESIDE 2.00
Director
$0 $0 $0
EDIE MARSHBURN TREASURER 5.00
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
2024 $107,803 $72,535 $912,909 $35,268
2023 $311,366 $47,021 $877,641 $264,345
2022 $104,433 $49,193 $613,296 $55,240
2021 $96,116 $39,762 $558,056 $56,354
2020 $75,399 $60,039 $501,702 $15,360
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