CAMBRIDGE ACADEMY INC

EIN: 570511222 501(c)(3) Education

GREENWOOD, SC

Total Revenue
$1,445,795
Total Expenses
$1,448,925
Total Assets
$797,955
Net Assets
$377,472
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
SC
Principal Officer
DR BRAD GRIGGS
Phone
8642292875
Tax Period
2024-07-01 to 2025-06-30

CAMBRIDGE ACADEMY INC, founded in 1968, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

CAMBRIDGE ACADEMY BELIEVES THAT HIGH ACADEMIC EXPECTATIONS WITHIN AN ATMOSPHERE OF CARE AND MUTUAL RESPECT GENERATE THE MOST EFFECTIVE COLLEGE PREPARATORY EDUCATION POSSIBLE. THE SCHOOL'S PHILOSOPHY AFFIRMS THAT EACH INDIVIDUAL IS OF INFINITE WORTH AND DIGNITY. WE STRIVE TO ASSIST EACH STUDENT TO REACH HIS OR HER POTENTIAL - INTELLECTUALLY, SOCIALLY, EMOTIONALLY, AND SPIRITUALLY. CAMBRIDGE ACADEMY CONSISTENTLY NURTURES A LOVE OF LEARNING THAT WILL ENABLE STUDENTS TO RESPOND ENTHUSIASTICALLY TO A LIFETIME OF CHALLENGES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $460,992
Program Service Revenue $975,120
Investment Income $2,013
Other Revenue $7,670
TOTAL REVENUE $1,445,795

Expense Breakdown

Grants Paid $0
Salaries & Benefits $973,305
Fundraising Expenses $3,864
Program Expenses $1,159,267
Other Expenses $475,620
TOTAL EXPENSES $1,448,925

Year-over-Year Comparison

2024 2023 Change
Revenue $1,445,795 $1,139,812 +0.3%
Expenses $1,448,925 $1,547,188 -0.1%
Net Income $-3,130 $-407,376 -1.0%
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

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Governance

Voting Members
13
Independent Members
13
Employees
53
Volunteers
25

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
5
$90,000
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR BRAD GRIGGS HEAD OF SCHO 40.00
Officer
$90,000 $0 $90,000
ADAM BACOT TREASURER 4.00
Officer Director
$0 $0 $0
GINNY EDWARDS TRUSTEE 2.00
Director
$0 $0 $0
JESSICA GARCIA TRUSTEE 2.00
Director
$0 $0 $0
JENNIFER GOLDMAN TRUSTEE 2.00
Director
$0 $0 $0
JUSTIN HALL TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM IRWIN VICE CHAIR 2.00
Officer Director
$0 $0 $0
AMY JOHNSON TRUSTEE 2.00
Director
$0 $0 $0
RACHEL MANNER TRUSTEE 2.00
Director
$0 $0 $0
JENNIFER MAPES CHAIR 4.00
Officer Director
$0 $0 $0
JOHN MOORE SECRETARY 2.00
Officer Director
$0 $0 $0
MANDY PRICE TRUSTEE 2.00
Director
$0 $0 $0
SAMANTHA VALKENBURG TRUSTEE 2.00
Director
$0 $0 $0
REID WALKER TRUSTEE 2.00
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 $1,445,795 $1,448,925 $797,955 $-3,130
2024 $1,139,812 $1,547,188 $896,908 $-407,376
2023 $1,534,750 $1,518,659 $1,255,751 $16,091
2022 $1,803,079 $1,514,981 $1,159,201 $288,098
2021 $1,553,551 $1,256,399 $922,553 $297,152
2020 $1,219,969 $1,128,838 $784,345 $91,131
2019 $1,145,981 $1,074,705 $541,502 $71,276
2018 $1,019,297 $1,083,684 $490,300 $-64,387
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