Association for the Advancement of Education Inc (EIN 562065889) - 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

1997

Legal Domicile

Principal Officer

April Williams

Phone

3363761122

Tax Period

2024-07-01 to 2025-06-30

Association for the Advancement of Education Inc, founded in 1997, is a community nonprofit in the Education sector that reported $6.9M in total revenue in fiscal year 2024.

Mission

Operation of a North Carolina 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 $250,467

Program Service Revenue $6,634,341

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,884,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,988,151

Fundraising Expenses $0

Program Expenses $5,643,190

Other Expenses $1,906,602

TOTAL EXPENSES $6,894,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,884,808	$6,394,604	+0.1%
Expenses	$6,894,753	$6,508,900	+0.1%
Net Income	$-9,945	$-114,296	-0.9%

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

106

Volunteers

N/A

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
Ted Teague	Vice Chair	004.00	Officer Director	$0	$0	$0
Kemp Watson-Ormond	Chair	006.00	Officer Director	$0	$0	$0
Daniel Ayers	Board Member	001.00	Director	$0	$0	$0
Amanda Graham	Board Member	001.00	Director	$0	$0	$0
Steckley Lee	Board Member	001.00	Director	$0	$0	$0
Johnny Buck	Board Member	001.00	Director	$0	$0	$0
Dylan Bondy	Board Member	001.00	Director	$0	$0	$0
Amanda Rose	Treasurer	002.00	Officer 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	$6,884,808	$6,894,753	$17,986,298	$-9,945
2024	$6,394,604	$6,508,900	$17,633,822	$-114,296
2023	$6,017,926	$5,448,963	$17,885,380	$568,963
2022	$5,390,894	$4,557,757	$14,393,237	$833,137
2021	$2,941,663	$2,663,322	$7,725,649	$278,341
2020	$2,808,275	$2,821,207	$4,114,837	$-12,932

Association for the Advancement of Education Inc