THE FLETCHER ACADEMY SCHOOL OF ACHIEVEMENT INC (EIN 581447219) - 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

1981

Legal Domicile

Principal Officer

PAUL ATKINSON

Phone

9197825082

Tax Period

2024-07-01 to 2025-06-30

THE FLETCHER ACADEMY SCHOOL OF ACHIEVEMENT INC, founded in 1981, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $5.6M exceeded revenue, resulting in a 10% operating deficit.

Mission

EDUCATIONAL

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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 $619,109

Program Service Revenue $4,628,821

Investment Income $-207,668

Other Revenue $52,800

TOTAL REVENUE $5,093,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,259,742

Fundraising Expenses $0

Program Expenses $5,351,207

Other Expenses $1,348,278

TOTAL EXPENSES $5,608,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,093,062	$9,845,071	-0.5%
Expenses	$5,608,020	$5,267,327	+0.1%
Net Income	$-514,958	$4,577,744	-1.1%

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

Volunteers

N/A

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

$281,820

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA L GOODMON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES F GOODMON JR	DIRECTOR	1.00	Director	$0	$0	$0
JAMES F GOODMON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL D HILL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL J GOODMON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MCGRATH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ATKINSON	HEAD OF SCHOOL/VP, ASST. SECRETARY	40.00	Officer	$254,400	$27,420	$281,820
GREG PATTERSON	TREASURER	2.00	Officer	$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	$5,093,062	$5,608,020	$13,784,879	$-514,958
2024	$6,270,071	$5,267,327	$10,508,907	$1,002,744
2024	$9,845,071	$5,267,327	$14,083,907	$4,577,744
2023	$4,661,308	$4,615,903	$9,461,884	$45,405
2022	$3,947,051	$4,242,826	$9,340,460	$-295,775
2021	$4,917,187	$3,403,796	$9,560,237	$1,513,391
2020	$8,506,440	$3,330,599	$8,129,130	$5,175,841
2019	$3,650,820	$3,301,177	$2,967,890	$349,643

THE FLETCHER ACADEMY SCHOOL OF ACHIEVEMENT INC