MARJORIE WILLIAMS ACADEMY INCORPORATED (EIN 562100063) - 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

1988

Legal Domicile

Principal Officer

TRACI ROYSTER

Tax Period

2023-07-01 to 2024-06-30

MARJORIE WILLIAMS ACADEMY INCORPORATED, founded in 1988, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE ACADEMY IS A CHARTER SCHOOL OPERATING UNDER NORTH CAROLINA GOVERNMENTAL REGULATIONS. THE STUDENTS ARE RESIDENTS OF THE CHILDRENS HOME WHERE THE CAMPUS IS LOCATED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,606,198

Program Service Revenue $291,100

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,897,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,898,620

Fundraising Expenses $0

Program Expenses $2,126,247

Other Expenses $380,957

TOTAL EXPENSES $2,279,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,897,298	$2,786,781	-0.3%
Expenses	$2,279,577	$2,848,666	-0.2%
Net Income	$-382,279	$-61,885	+5.2%

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

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

$88,399

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNDI AUSTIN	PRINCIPAL	40.00	Key Emp	$88,399	$0	$88,399
SAMUEL PHLLIPS	DIRECTOR	1.00	Director	$0	$0	$0
STACY CLARK	DIRECTOR	1.00	Director	$0	$0	$0
TOMMY DELLINGER	DIRECTOR	0.00	Director	$0	$0	$0
JEREMY BURNETT	DIRECTOR	0.00	Director	$0	$0	$0
CYNTHIA OATES	DIRECTOR	1.00	Director	$0	$0	$0
KIM BARNHARDT	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
TRACI ROYSTER	CHAIRPERSON	2.00	Officer	$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	No data	No data	No data	No data
2024	$1,897,298	$2,279,577	$997,135	$-382,279
2023	$2,786,781	$2,848,666	$780,193	$-61,885
2022	$2,880,926	$2,630,071	$844,893	$250,855
2021	$1,913,878	$1,819,060	$588,348	$94,818
2020	$1,596,015	$1,712,586	$493,534	$-116,571
2019	$1,739,819	$1,645,541	$609,656	$94,278

MARJORIE WILLIAMS ACADEMY INCORPORATED