NOBLE ACADEMY

EIN: 561676066 501(c)(3) Education

GREENSBORO, NC

Total Revenue
$4,502,852
Total Expenses
$4,720,057
Total Assets
$12,312,355
Net Assets
$9,050,440
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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
1987
Legal Domicile
NC
Principal Officer
SOPHIA DEVRIES
Phone
3362827044
Tax Period
2023-07-01 to 2024-06-30

NOBLE ACADEMY, founded in 1987, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Net assets of $9.1M represent 24 months of operating reserves.

Mission

OPERATION OF A SCHOOL PROVIDING EDUCATIONAL SERVICES TO STUDENTS IN GRADES 2-12 WITH LEARNING DISABILITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $122,518
Program Service Revenue $3,971,624
Investment Income $173,355
Other Revenue $235,355
TOTAL REVENUE $4,502,852

Expense Breakdown

Grants Paid $364,810
Salaries & Benefits $3,355,823
Fundraising Expenses $87,246
Program Expenses $3,439,317
Other Expenses $999,424
TOTAL EXPENSES $4,720,057

Year-over-Year Comparison

2023 2022 Change
Revenue $4,502,852 $4,753,726 -0.1%
Expenses $4,720,057 $4,544,711 +0.0%
Net Income $-217,205 $209,015 -2.0%
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
14
Independent Members
14
Employees
85
Volunteers
22

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
7
$263,423
Total Directors
17
$263,423
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SOPHIA DEVRIES CHAIR 1.00
Officer Director
$0 $0 $0
DAVID GEREN BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLE ALBRIGHT SECRETARY 1.00
Officer Director
$0 $0 $0
MARGARET KANIPES-SPINKS BOARD MEMBER 1.00
Director
$0 $0 $0
STEFANO ROSIC TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL SLANE BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA HUGHES BOARD MEMBER 1.00
Director
$0 $0 $0
JO HUGHES BOARD MEMBER 1.00
Director
$0 $0 $0
JAYLON SMALLWOOD BOARD MEMBER 1.00
Director
$0 $0 $0
JIM KENNEDY BOARD MEMBER 1.00
Director
$0 $0 $0
RICK BAKER BOARD MEMBER 1.00
Director
$0 $0 $0
ROB TIMMONS VICE CHAIR 1.00
Officer Director
$0 $0 $0
AMANDA CARTER HEAD OF SCHOOL 40.00
Officer Director
$150,808 $6,367 $157,175
GAIL LITTLE PFA PRESIDENT 1.00
Officer Director
$0 $0 $0
MARGARET BRAINARD BOARD MEMBER 1.00
Director
$0 $0 $0
LISA WRIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
JAN LINDER DIRECTOR OF BUSINESS 40.00
Officer Director
$101,993 $4,255 $106,248
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 No data No data No data No data
2024 $4,502,852 $4,720,057 $12,312,355 $-217,205
2023 $4,753,726 $4,544,711 $12,277,471 $209,015
2022 $4,273,437 $4,282,375 $11,946,488 $-8,938
2021 $4,421,546 $4,127,363 $12,100,056 $294,183
2020 $3,854,550 $3,841,999 $11,274,334 $12,551
2019 $3,643,157 $3,635,300 $11,153,234 $7,857
2018 $4,302,436 $3,590,815 $10,903,483 $711,621
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