GRANDFATHER ACADEMY INC

EIN: 561995527 501(c)(3)

BARIUM SPRINGS, NC

Total Revenue
$1,767,672
Total Expenses
$605,703
Total Assets
$174,090
Net Assets
$2,462
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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
1996
Legal Domicile
NC
Principal Officer
DR PAM VESLEY
Phone
8288985465
Tax Period
2019-07-01 to 2020-06-30

GRANDFATHER ACADEMY INC, founded in 1996, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2019. Revenue surged 165% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 66% operating margin.

Mission

OPERATION OF CHARTER SCHOOL

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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 (2019)

Revenue Breakdown

Contributions & Grants $907,712
Program Service Revenue $0
Investment Income $859,089
Other Revenue $871
TOTAL REVENUE $1,767,672

Expense Breakdown

Grants Paid $0
Salaries & Benefits $355,861
Fundraising Expenses $0
Program Expenses $522,889
Other Expenses $249,842
TOTAL EXPENSES $605,703

Year-over-Year Comparison

2019 2018 Change
Revenue $1,767,672 $666,858 +1.7%
Expenses $605,703 $658,534 -0.1%
Net Income $1,161,969 $8,324 +138.6%
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
7
Independent Members
7
Employees
13
Volunteers
15

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
3
$234,321
Total Directors
7
$135,904
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR PAM VESLEY CHAIR 5.00
Officer Director
$0 $0 $0
KATHY BOONE BOARD MEMBER 5.00
Director
$0 $0 $0
MATTHEW GAUNT BOARD MEMBER 5.00
Director
$0 $0 $0
EMILY HARRISON BOARD MEMBER 5.00
Director
$0 $0 $0
BOBBIE WILLARD BOARD MEMBER 5.00
Director
$0 $0 $0
ANGELIA WILSON BOARD MEMBER 5.00
Director
$0 $0 $0
STEPHANIE KNOWLES SUPERINTENDE 5.00
Officer Director
$0 $6,296 $135,904
BARBARA HOUGHLAND FINANCE OFFI 5.00
Officer
$0 $9,224 $98,417
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
2020 $1,767,672 $605,703 $174,090 $1,161,969
2019 $666,858 $658,534 $292,051 $8,324
2018 $700,333 $703,738 $123,250 $-3,405
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