HEALTHY START EDUCATION INC (EIN 561996741) - 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

1996

Legal Domicile

Principal Officer

ELIZABETH MOREY

Phone

9199565599

Tax Period

2024-07-01 to 2025-06-30

HEALTHY START EDUCATION INC, founded in 1996, is a mid-sized nonprofit in the Education sector that reported $20.6M in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 22% operating margin.

Mission

NORTH CAROLINA NON-PROFIT OPERATING A K-12TH GRADE PUBLIC 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,880,506

Program Service Revenue $86,998

Investment Income $5,605,015

Other Revenue $24,559

TOTAL REVENUE $20,597,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,196,607

Fundraising Expenses $0

Program Expenses $12,554,475

Other Expenses $5,944,399

TOTAL EXPENSES $16,141,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,597,078	$11,199,976	+0.8%
Expenses	$16,141,006	$12,862,725	+0.3%
Net Income	$4,456,072	$-1,662,749	-3.7%

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

136

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

$141,544

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH MOREY	PRESIDENT	1.00	Officer Director	$0	$0	$0
PRESTON EDWARDS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GWENDOLYN WICKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CARY CAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT LESESKY	TREASURER	1.00	Officer Director	$0	$0	$0
ERNESTO LAMBERT	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MILLER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD FORD	DIRECTOR	1.00	Director	$0	$0	$0
MARK BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDER QUIGLEY	EXECUTIVE DIRECTOR	40.00	Officer	$141,544	$0	$141,544

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	$20,597,078	$16,141,006	$44,121,049	$4,456,072
2024	$11,199,976	$12,862,725	$35,411,729	$-1,662,749
2023	$10,160,126	$9,984,649	$12,311,952	$175,477
2022	$8,072,027	$7,825,100	$7,657,794	$246,927
2021	$6,413,715	$5,895,663	$5,695,386	$518,052
2020	$5,593,680	$5,207,129	$4,139,451	$386,551
2019	$4,675,012	$4,638,414	$3,582,118	$36,598
2018	$11,096,253	$11,224,678	$3,678,939	$-128,425

HEALTHY START EDUCATION INC