CONCORD ACADEMY INC (EIN 581514410) - 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

1983

Legal Domicile

Principal Officer

CECE PALAZOLA

Phone

9016823115

Tax Period

2023-08-01 to 2024-07-31

CONCORD ACADEMY INC, founded in 1983, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

THE ACADEMY EDUCATES AND GUIDES SIXTH THROUGH TWELFTH GRADE STUDENTS WITH SPECIAL LEARNING, SOCIAL AND EMOTIONAL NEEDS. STUDENTS ARE CHALLENGED TO REACH THEIR PERSONAL BEST.

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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 $88,000

Program Service Revenue $936,025

Investment Income $12,171

Other Revenue $123,688

TOTAL REVENUE $1,159,884

Expense Breakdown

Grants Paid $19,171

Salaries & Benefits $947,455

Fundraising Expenses $1,151

Program Expenses $1,111,778

Other Expenses $247,457

TOTAL EXPENSES $1,214,083

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,159,884	$1,272,482	-0.1%
Expenses	$1,214,083	$1,163,651	+0.0%
Net Income	$-54,199	$108,831	-1.5%

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

Total Directors

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CECE PALAZOLA	EXECUTIVE DI	40.00	Director	$90,000	$0	$90,000
WILLIAM RYAN	CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW HARRISON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOSH LITTLEJOHN	TREASURER	1.00	Officer Director	$0	$0	$0
JULIA HOWELL	SECRETARY	1.00	Officer Director	$0	$0	$0
MILLIE DUNLAP	MEMBER	1.00	Director	$0	$0	$0
MICHELLE PAO LEVINE	MEMBER	1.00	Director	$0	$0	$0
BARBARA PRICE	MEMBER	1.00	Director	$0	$0	$0
BUD RICHEY	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
2024	$1,159,884	$1,214,083	$691,806	$-54,199
2023	$1,272,482	$1,163,651	$726,182	$108,831
2022	$1,151,000	$1,032,985	$617,282	$118,015
2021	$1,019,019	$961,817	$673,572	$57,202
2020	$851,304	$939,236	$570,351	$-87,932
2019	$954,486	$970,205	$504,633	$-15,719
2018	$952,415	$971,911	$581,135	$-19,496

CONCORD ACADEMY INC