Cape Fear Academy (EIN 566075566) - 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

1966

Legal Domicile

Principal Officer

Chris Fikry

Phone

9107910287

Tax Period

2024-07-01 to 2025-06-30

Cape Fear Academy, founded in 1966, is a mid-sized nonprofit in the Education sector that reported $21.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $19.6M left a modest 8% surplus.

Mission

To operate a private school for pre-kindergarten through grade 12 in Wilmington, NC

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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 $1,787,109

Program Service Revenue $18,976,970

Investment Income $473,639

Other Revenue $0

TOTAL REVENUE $21,237,718

Expense Breakdown

Grants Paid $2,232,065

Salaries & Benefits $11,367,476

Fundraising Expenses $405,792

Program Expenses $16,723,877

Other Expenses $5,968,386

TOTAL EXPENSES $19,567,927

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,237,718	$19,420,344	+0.1%
Expenses	$19,567,927	$17,535,707	+0.1%
Net Income	$1,669,791	$1,884,637	-0.1%

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

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

301

Volunteers

500

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

$443,776

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Fikry	Chair	4.00	Officer Director	$0	$0	$0
Hal Kitchin	Vice Chair	4.00	Officer Director	$0	$0	$0
Emily Garriott	Treasurer	4.00	Officer Director	$0	$0	$0
Kelly Burnette	Secretary	4.00	Officer Director	$0	$0	$0
Koo MacQueen	Director	4.00	Director	$0	$0	$0
Mark Maynard Jr	Director	4.00	Director	$0	$0	$0
Suiter Currin	Director	4.00	Director	$0	$0	$0
Terri Powell	Director	4.00	Director	$0	$0	$0
Crystal Peebles	Director	4.00	Director	$0	$0	$0
Navita Bhaskar	Director	4.00	Director	$0	$0	$0
Jill Webb	Director	4.00	Director	$0	$0	$0
Tee Nunnelee	Director	4.00	Director	$0	$0	$0
Dick Moore	Director	4.00	Director	$0	$0	$0
Connor Keller	Director	4.00	Director	$0	$0	$0
Paul Colvin	Director	4.00	Director	$0	$0	$0
Beth Adams	Director	4.00	Director	$0	$0	$0
Ed Ellison	Head of School	40.00	Officer	$267,996	$30,500	$298,496
Stephanine Medcalfe	Assistant Head of School for Academics	40.00	Officer	$136,960	$8,320	$145,280
Carla Whitwell	Director of Middle School	40.00	Highest	$124,656	$10,131	$134,787
Gene Whipple	Director of Technology	40.00	Highest	$110,025	$0	$110,025
George Holeman	Director of Upper School	40.00	Highest	$107,112	$3,281	$110,393
Shana Barclay	Former Assistant Head of School for Finance	40.00		$127,547	$5,677	$133,224
Melissa Blackmon	Former Director of Advancement	40.00		$111,962	$23,000	$134,962

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	$21,237,718	$19,567,927	$51,071,041	$1,669,791
2024	$19,420,344	$17,535,707	$47,687,500	$1,884,637
2023	$16,683,570	$15,979,703	$43,901,089	$703,867
2022	$15,824,056	$14,177,328	$42,348,242	$1,646,728
2021	$14,665,156	$13,691,631	$34,517,339	$973,525
2020	$13,247,637	$12,572,619	$31,001,362	$675,018
2019	$12,493,310	$12,056,972	$29,805,998	$436,338

Cape Fear Academy