MILLENNIUM EDUCATION FOUNDATION INC (EIN 562155785) - 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

2000

Legal Domicile

Principal Officer

DRUERY DEVORE

Phone

3367897570

Tax Period

2024-07-01 to 2025-06-30

MILLENNIUM EDUCATION FOUNDATION INC, founded in 2000, is a community nonprofit in the Education sector that reported $7.6M in total revenue in fiscal year 2024. Expenses of $6.7M left a modest 12% surplus.

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 $7,157,103

Program Service Revenue $270,812

Investment Income $6,000

Other Revenue $172,609

TOTAL REVENUE $7,606,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,629,207

Fundraising Expenses $0

Program Expenses $5,151,198

Other Expenses $2,036,767

TOTAL EXPENSES $6,665,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,606,524	$7,493,358	+0.0%
Expenses	$6,665,974	$6,722,176	0.0%
Net Income	$940,550	$771,182	+0.2%

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

112

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

$96,638

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DRUERY DEVORE	PRESIDENT	0.25	Officer Director	$0	$0	$0
CHRISTOPHER WILLINGHAM	TREASURER	0.25	Officer Director	$0	$0	$0
MELINDA SHEW	SECRETARY	0.25	Officer Director	$0	$0	$0
JAMES CROSSINGHAM	BOARD MEMBER	0.25	Director	$0	$0	$0
SUSAN CAMPBELL	BOARD MEMBER	0.25	Director	$0	$0	$0
ANN JONES	BOARD MEMBER	0.25	Director	$0	$0	$0
PAUL REZZO	HEADMASTER	40.00	Officer	$96,638	$0	$96,638

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	$7,606,524	$6,665,974	$9,105,916	$940,550
2024	No data	No data	No data	No data
2023	$7,439,334	$6,374,192	$7,433,476	$1,065,142
2022	$8,540,649	$6,999,808	$6,293,504	$1,540,841
2021	$7,675,504	$7,560,514	$5,261,628	$114,990
2020	$7,385,518	$7,704,746	$5,114,806	$-319,228
2019	$7,502,080	$7,535,708	$5,420,908	$-33,628
2018	$7,200,621	$7,619,439	$4,112,638	$-418,818

MILLENNIUM EDUCATION FOUNDATION INC