PHOENIX ACADEMY INC

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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

1999

Legal Domicile

Principal Officer

PERRY FLYNN

Phone

3368690079

Tax Period

2024-07-01 to 2025-06-30

PHOENIX ACADEMY INC, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $18.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $17.1M left a modest 7% surplus.

Mission

PHOENIX ACADEMY IS A NON-PROFIT CHARTER SCHOOL PROVIDING EDUCATION TO CHILDREN FROM KINDERGARTEN THROUGH 12TH GRADE. ITS MISSION IS TO EDUCATE AND ENCOURAGE STUDENTS TO BECOME ACTIVE, COMPASSIONATE, LIFELONG LEARNERS WHO RESPECT OTHERS AND THEIR DIFFERENCES.

Program Service Accomplishments

Program 1

Expenses: $7,260,250 Revenue: $153,986

PHOENIX ACADEMY IS A NORTH CAROLINA PUBLIC SCHOOL OPERATED BY A NON-PROFIT CORPORATION, SERVING APPROXIMATELY 1,578 STUDENTS.

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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 $18,213,659

Program Service Revenue $3,993

Investment Income $0

Other Revenue $149,993

TOTAL REVENUE $18,367,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,409,666

Fundraising Expenses $0

Program Expenses $7,260,250

Other Expenses $8,662,990

TOTAL EXPENSES $17,072,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,367,645	$16,414,577	+0.1%
Expenses	$17,072,656	$16,184,935	+0.1%
Net Income	$1,294,989	$229,642	+4.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

466

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
PERRY FLYNN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN KUPPELWEISER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS SWADENER	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLES ALT	SECRETARY	1.00	Officer Director	$0	$0	$0
CLARENCE HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA BLAKELY	DIRECTOR	1.00	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
2025	$18,367,645	$17,072,656	$7,667,512	$1,294,989
2024	$16,414,577	$16,184,935	$7,552,075	$229,642
2023	$13,683,872	$13,554,436	$6,215,013	$129,436
2022	$12,117,600	$11,145,727	$3,440,830	$971,873
2021	$10,364,069	$9,437,898	$3,025,069	$926,171
2020	$9,140,427	$8,761,242	$1,856,942	$379,185
2019	$8,032,008	$8,263,415	$783,038	$-231,407
2018	$8,230,976	$8,424,909	$996,570	$-193,933