PACE ACADEMY INC

EIN: 580706812 501(c)(3) Education

ATLANTA, GA

Total Revenue
$55,149,925
Total Expenses
$51,959,990
Total Assets
$216,047,473
Net Assets
$182,105,614
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
GA
Principal Officer
FREDERICK G ASSAF
Phone
4042621345
Tax Period
2024-07-01 to 2025-06-30

PACE ACADEMY INC, founded in 1958, is a mid-sized nonprofit in the Education sector that reported $55.1M in total revenue in fiscal year 2024. Expenses of $52.0M left a modest 6% surplus.

Mission

PACE ACADEMY IS A PRE-FIRST THROUGH 12TH GRADE COLLEGE PREPARATORY INDEPENDENT SCHOOL IN ATLANTA, GEORGIA.

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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 $5,569,943
Program Service Revenue $46,593,786
Investment Income $3,382,007
Other Revenue $-395,811
TOTAL REVENUE $55,149,925

Expense Breakdown

Grants Paid $3,783,246
Salaries & Benefits $29,012,779
Fundraising Expenses $1,974,143
Program Expenses $44,547,297
Other Expenses $19,163,965
TOTAL EXPENSES $51,959,990

Year-over-Year Comparison

2024 2023 Change
Revenue $55,149,925 $52,814,396 +0.0%
Expenses $51,959,990 $49,384,115 +0.1%
Net Income $3,189,935 $3,430,281 -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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Governance

Voting Members
32
Independent Members
32
Employees
503
Volunteers
1115

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
2
$1,415,109
Total Directors
32
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRED G ASSAF HEAD OF SCHOOL 40.0
Officer
$839,442 $198,958 $1,038,400
AJ LASHLEY CFO 40.0
Officer
$338,108 $38,601 $376,709
MICHAEL GANNON HEAD OF UPPER SCHOOL 40.0
Highest
$245,622 $47,404 $293,026
DOROTHY HUTCHESON HEAD OF LOWER SCHOOL 40.0
Highest
$234,195 $46,912 $281,107
HEATHER WHITE DIRECTOR OF ADVANCEMENT 40.0
Highest
$232,957 $43,998 $276,955
David Fortier Director of Facilities 40.0
Highest
$194,694 $31,317 $226,011
Graham Anthony Head of MIddle School 40.0
Highest
$195,485 $26,635 $222,120
JUSTIN BERMAN Secretary 0.0
Director
$0 $0 $0
CAMERON M BREADY TRUSTEE 0.0
Director
$0 $0 $0
DAN BROOKS TRUSTEE 0.0
Director
$0 $0 $0
RONNIE BROWN TRUSTEE 0.0
Director
$0 $0 $0
MARISA CHIN YEE TRUSTEE 0.0
Director
$0 $0 $0
ELIZABETH CORRELL RICHARDS Chair 0.0
Director
$0 $0 $0
KENNETH CRUMLEY TRUSTEE 0.0
Director
$0 $0 $0
STEVEN J DEFRANCIS TRUSTEE 0.0
Director
$0 $0 $0
HEATHER DEXTER TRUSTEE 0.0
Director
$0 $0 $0
MIKE DOHENY TRUSTEE 0.0
Director
$0 $0 $0
RYAN C GLOVER TRUSTEE 0.0
Director
$0 $0 $0
DEREK J HARDESTY TRUSTEE 0.0
Director
$0 $0 $0
AMY HERTZ AGAMI TRUSTEE 0.0
Director
$0 $0 $0
TERRI JANKI TRUSTEE 0.0
Director
$0 $0 $0
DR MICHELE M JOHNSON TRUSTEE 0.0
Director
$0 $0 $0
KIM JONES TRUSTEE 0.0
Director
$0 $0 $0
WENKE LEE TRUSTEE 0.0
Director
$0 $0 $0
LAUREN LINDER TRUSTEE 0.0
Director
$0 $0 $0
JIM MASKE TRUSTEE 0.0
Director
$0 $0 $0
GREGORY MCKITTRICK SIMMONS JR Vice Chair 0.0
Director
$0 $0 $0
Dr Erin Bowman Trustee 0.0
Director
$0 $0 $0
Greg Greenbaum Trustee 0.0
Director
$0 $0 $0
Tiffany Burns Trustee 0.0
Director
$0 $0 $0
Lauren Lorberbaum Trustee 0.0
Director
$0 $0 $0
Bijon Memar Trustee 0.0
Director
$0 $0 $0
Caren Merlin Trustee 0.0
Director
$0 $0 $0
B Craig Owens Trustee 0.0
Director
$0 $0 $0
Palmer Proctor Trustee 0.0
Director
$0 $0 $0
Douglas R Shanley-Balyeat Trustee 0.0
Director
$0 $0 $0
Alan H Shaw Trustee 0.0
Director
$0 $0 $0
Sandeep Soni Trustee 0.0
Director
$0 $0 $0
Nicole Wu LaManna Trustee 0.0
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 $55,149,925 $51,959,990 $216,047,473 $3,189,935
2024 No data No data No data No data
2023 $44,552,991 $45,694,119 $203,015,729 $-1,141,128
2022 $52,734,440 $41,819,272 $205,828,647 $10,915,168
2021 $44,702,216 $37,000,390 $209,472,717 $7,701,826
2020 $47,968,638 $35,876,079 $185,935,585 $12,092,559
2019 $38,183,357 $36,410,877 $155,371,117 $1,772,480
2018 $37,440,227 $33,983,240 $148,605,048 $3,456,987
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