Northeast Raleigh Charter Academy (EIN 562160665) - 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

1999

Legal Domicile

Principal Officer

Pam Banks-Lee

Phone

9198509960

Tax Period

2021-07-01 to 2022-06-30

Northeast Raleigh Charter Academy, founded in 1999, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2021. Revenue decreased 7% compared to the prior year.

Mission

Operate a 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 (2021)

Revenue Breakdown

Contributions & Grants $7,028,608

Program Service Revenue $362

Investment Income $0

Other Revenue $4,279

TOTAL REVENUE $7,033,249

Expense Breakdown

Grants Paid $0

Salaries & Benefits $814,530

Fundraising Expenses $0

Program Expenses $7,203,526

Other Expenses $6,448,807

TOTAL EXPENSES $7,263,337

Year-over-Year Comparison

	2021	2020	Change
Revenue	$7,033,249	$7,599,186	-0.1%
Expenses	$7,263,337	$7,506,978	0.0%
Net Income	$-230,088	$92,208	-3.5%

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

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
Pam Banks-Lee	Chair	2.00	Officer Director	$0	$0	$0
Claude Lee	Director	1.00	Director	$0	$0	$0
Wonza Montigue	Director	1.00	Director	$0	$0	$0
Tyjuanna LaBennette	Secretary	1.00	Director	$0	$0	$0
James Montague	Director	1.00	Director	$0	$0	$0
Diana Powell	Director	1.00	Director	$0	$0	$0
Dr Iyailu Moses	Member	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
2022	$7,033,249	$7,263,337	$80,286	$-230,088
2021	$7,599,186	$7,506,978	$316,627	$92,208
2020	$6,359,034	$6,363,510	$401,100	$-4,476
2019	$6,140,307	$6,242,922	$223,600	$-102,615
2018	$5,101,683	$5,078,651	$319,079	$23,032

Northeast Raleigh Charter Academy