SOUTHEASTERN ACADEMY INC (EIN 561712586) - 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

1990

Legal Domicile

Principal Officer

COREY WALTERS

Phone

9107387828

Tax Period

2023-07-01 to 2024-06-30

SOUTHEASTERN ACADEMY INC, founded in 1990, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.1M left a modest 5% surplus.

Mission

SOUTHEASTERN ACADEMY, INC OPERATES A CHARTER SCHOOL SERVING STUDENTS FROM KINDERGARTEN THROUGH THE 8TH GRADE. THE ACADEMY CONVERTED FROM A PRIVATE SCHOOL TO A CHARTER SCHOOL UNDER THE AUTHORITY OF THE NORTH CAROLINA STATE BOARD OF EDUCATION. THE ACADEMY MISSION IS TO MAINTAIN HIGH EXPECTATIONS AND PROMOTE EXCELLENCE, ESPECIALLY IN THE FIELDS OF MATH AND SCIENCE FOR ALL STUDENTS, WHILE FOSTERING A CARING AND CREATIVE LEARNING ENVIRONMENT. THE ACADEMY EMPHASIZES THE SOCIAL, EMOTIONAL, PHYSICAL, AND INTELLECTUAL DEVELOPMENT OF EACH CHILD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,176,939

Program Service Revenue $55,592

Investment Income $7,550

Other Revenue $0

TOTAL REVENUE $2,240,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,690,055

Fundraising Expenses $0

Program Expenses $2,119,612

Other Expenses $429,557

TOTAL EXPENSES $2,119,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,240,081	$2,176,283	+0.0%
Expenses	$2,119,612	$2,119,415	+0.0%
Net Income	$120,469	$56,868	+1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN GLOTZBACH	DIRECTOR / T	2.00	Officer Director	$0	$0	$0
ADRIAN LOWERY	DIRECTOR	N/A	Director	$0	$0	$0
MISSY STONE	DIRECTOR	N/A	Director	$0	$0	$0
COREY WALTERS	CHAIRMAN	5.00	Officer Director	$0	$0	$0
APRIL OXENDINE	SECRETARY /	2.00	Officer Director	$0	$0	$0
JAMES VANCE	DIRECTOR	N/A	Director	$0	$0	$0
PARU PATEL	DIRECTOR	N/A	Director	$0	$0	$0
BRITTANY WADDELL	DIRECTOR	N/A	Director	$0	$0	$0
BETSY WILSON	DIRECTOR	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	No data	No data	No data	No data
2024	$2,240,081	$2,119,612	$2,125,939	$120,469
2023	$2,176,283	$2,119,415	$1,996,731	$56,868
2022	$2,033,569	$1,869,170	$1,608,552	$164,399
2021	$2,141,762	$2,085,653	$1,567,940	$56,109
2020	$1,812,171	$1,939,478	$1,604,638	$-127,307
2019	$1,820,981	$1,895,600	$1,441,808	$-74,619

SOUTHEASTERN ACADEMY INC