UNION ACADEMY FOUNDATION (EIN 562278618) - 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

2001

Legal Domicile

Principal Officer

RAY BLACK

Phone

7042389879

Tax Period

2023-07-01 to 2024-06-30

UNION ACADEMY FOUNDATION, founded in 2001, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.0M, a strong 61% operating margin.

Mission

TO RAISE FUNDS AND ASSIST IN PROVIDING FOR THE OPERATIONS OF UNION ACADEMY 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 (2023)

Revenue Breakdown

Contributions & Grants $1,822,586

Program Service Revenue $891,972

Investment Income $6

Other Revenue $468,891

TOTAL REVENUE $3,183,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,239

Fundraising Expenses $70,358

Program Expenses $1,037,672

Other Expenses $1,111,947

TOTAL EXPENSES $1,229,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,183,455	$4,100,382	-0.2%
Expenses	$1,229,186	$1,258,951	0.0%
Net Income	$1,954,269	$2,841,431	-0.3%

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

N/A

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

$83,580

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY BLACK	CHAIR	1.00	Director	$0	$0	$0
JASON PATTERSON	VICE CHAIR	1.00	Director	$0	$0	$0
KIM TYSON	TREASURER	1.00	Director	$0	$0	$0
CHERYL AUSTIN	SECRETARY	1.00	Director	$0	$0	$0
JOHN WIGGINS	BUILDING CHA	1.00	Director	$0	$0	$0
BECKY ROBISON	PAST CHAIR	1.00	Director	$0	$0	$0
TOMIE BENTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH CLEARY	BOARD MEMBER	1.00	Director	$0	$0	$0
LOGAN COBB	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB DIETZ	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA FEIDLER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL FRONCZAK	BOARD MEMBER	1.00	Director	$0	$0	$0
GRANT HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTEN HENDRICK	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN HENN	BOARD MEMBER	1.00	Director	$0	$0	$0
DREW LAWRENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK JAMES	EX-OFFICIO	1.00	Director	$0	$0	$0
STEVE STEVENS	EXECUTIVE DI	40.00	Officer	$0	$0	$0
JUSTIN SIMPSON	EXECUTIVE DI	40.00	Officer	$83,580	$0	$83,580
MARY BETH USHER	BOARD 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
2025	No data	No data	No data	No data
2024	$3,183,455	$1,229,186	$28,318,774	$1,954,269
2023	$4,100,382	$1,258,951	$27,306,109	$2,841,431
2022	$1,621,778	$1,043,509	$25,410,900	$578,269
2021	$1,784,995	$1,002,546	$25,651,211	$782,449
2020	$1,520,714	$1,360,858	$25,724,032	$159,856
2019	$2,289,094	$1,139,786	$26,464,115	$1,149,308

UNION ACADEMY FOUNDATION