Henderson Co Alliance for Education Inc

EIN: 562097916 501(c)(3) Education

Hendersonville, NC

Total Revenue
$2,787,132
Total Expenses
$2,601,790
Total Assets
$2,761,071
Net Assets
$-2,204,723
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NC
Principal Officer
Aimie Burns
Phone
8286968480
Tax Period
2024-07-01 to 2025-06-30

Henderson Co Alliance for Education Inc, founded in 1999, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 7% surplus.

Mission

Primary Education

Program Service Accomplishments

Program 1
Expenses: $2,218,247 Revenue: $2,787,132

The school provides education to elementary age children for the Department of Public Instruction for the State of North Carolina through its charter school program.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,211,299
Program Service Revenue $30,656
Investment Income $0
Other Revenue $545,177
TOTAL REVENUE $2,787,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,905,614
Fundraising Expenses $0
Program Expenses $2,218,247
Other Expenses $696,176
TOTAL EXPENSES $2,601,790

Year-over-Year Comparison

2024 2023 Change
Revenue $2,787,132 $2,274,497 +0.2%
Expenses $2,601,790 $2,447,596 +0.1%
Net Income $185,342 $-173,099 -2.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
11
Volunteers
75

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
5
$82,968
Total Directors
11
$82,968
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shalee Beddingdield Treasurer 2.00
Director
$0 $0 $0
Alex Williams Co-President 2.00
Officer Director
$0 $0 $0
Angela Bryner Member 2.00
Director
$0 $0 $0
Isaac Savage Secretary 5.00
Officer Director
$0 $0 $0
Anthony Johnson Executive Director 40.00
Officer Director
$52,852 $0 $52,852
Cathey Chet Director 5.00
Officer Director
$24,564 $0 $30,116
Heather Kogoy Co-President 5.00
Officer Director
$0 $0 $0
Hunter Strong Member 5.00
Director
$0 $0 $0
DR CARINA ERKEL Member 5.00
Director
$0 $0 $0
ADAM SILVERBERG President 5.00
Director
$0 $0 $0
LEIGH PASCHKE Member 5.00
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 $2,787,132 $2,601,790 $2,761,071 $185,342
2024 $2,274,497 $2,447,596 $2,512,607 $-173,099
2023 $2,221,883 $2,147,363 $2,344,728 $74,520
2022 $2,100,131 $2,001,947 $2,111,025 $98,184
2021 $1,913,490 $2,003,222 $2,280,415 $-89,732
2020 $1,877,782 $2,018,991 $2,425,225 $-141,209
2019 $1,882,920 $1,949,012 $2,594,873 $-66,092
2018 $1,803,666 $1,863,193 $2,264,292 $-59,527
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