KING'S ACADEMY INC (EIN 731705212) - 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

2005

Legal Domicile

Principal Officer

ALI KOLAGHASSI

Phone

6463834976

Tax Period

2023-08-01 to 2024-07-31

KING'S ACADEMY INC, founded in 2005, is a small nonprofit in the Education sector that reported $731K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $681K, a strong 93% operating margin.

Mission

KING'S ACADEMY PSC IS A JORDANIAN CHARITY THAT OWNS AND OPERATES KING'S ACADEMY, THE SCHOOL. IN A SETTING RICH IN HISTORY AND TRADITION, THE ACADEMY IS COMMITTED TO PROVIDING A COMPREHENSIVE COLLEGE-PREPARATORY EDUCATION THROUGH A CHALLENGING CURRICULUM IN THE ARTS AND SCIENCES; AN INTEGRATED CO-CURRICULAR PROGRAM OF ATHLETICS, ACTIVITIES AND COMMUNITY SERVICE; AND A NURTURING RESIDENTIAL ENVIRONMENT. OUR STUDENTS WILL LEARN TO BE INDEPENDENT, CREATIVE AND RESPONSIBLE THINKERS WITHIN AN ETHICAL COMMUNITY THAT ENCOURAGES YOUNG MEN AND WOMEN WITH DIVERSE BACKGROUNDS AND BELIEFS TO EXCEL, TO RESPECT ONE ANOTHER AND TO PREPARE FOR LEADERSHIP.

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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 $599,283

Program Service Revenue $0

Investment Income $131,293

Other Revenue $0

TOTAL REVENUE $730,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $49,492

TOTAL EXPENSES $49,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$730,576	$3,107,434	-0.8%
Expenses	$49,492	$685,324	-0.9%
Net Income	$681,084	$2,422,110	-0.7%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANI ABUALI	TRUSTEE	2.00	Director	$0	$0	$0
NOOR EDDIN AMER	TRUSTEE	2.00	Director	$0	$0	$0
BISHR IBRAHIM BAKER	TRUSTEE	2.00	Director	$0	$0	$0
ARISTIDE COLLINS	TRUSTEE	2.00	Director	$0	$0	$0
RORY COWAN	TRUSTEE	2.00	Director	$0	$0	$0
MAZEN DARWAZAH	TRUSTEE	2.00	Director	$0	$0	$0
TOM DENUNZIO	TRUSTEE	2.00	Director	$0	$0	$0
SIRINE ABU GHAZALEH	TRUSTEE	2.00	Director	$0	$0	$0
ALI KOLAGHASSI	CHAIRMAN & P	2.00	Officer Director	$0	$0	$0
TAMAM MANGO	TRUSTEE	2.00	Director	$0	$0	$0
KHALED SAQQAF	TRUSTEE	2.00	Director	$0	$0	$0
ALI SHAJRAWI	TRUSTEE	2.00	Director	$0	$0	$0
AYSHA SHOMAN	TRUSTEE	2.00	Director	$0	$0	$0
MUNA SUKHTIAN	TRUSTEE	2.00	Director	$0	$0	$0
DANIEL SZETO	TRUSTEE	2.00	Director	$0	$0	$0
TALAL K SHAIR	TREASURER	2.00	Officer Director	$0	$0	$0
PENNY TOWNSEND	TRUSTEE	2.00	Officer Director	$0	$0	$0
LINDA WHITTON	TRUSTEE	2.00	Director	$0	$0	$0
MOUSA BUDAIR	CFO	40.00	Officer	$0	$0	$0
ALIA WAKILEH	SECRETARY	N/A	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
2024	$730,576	$49,492	$11,985,195	$681,084
2023	$3,107,434	$685,324	$10,984,473	$2,422,110
2022	$1,966,644	$638,855	$11,657,097	$1,327,789
2021	$276,804	$551,160	$8,160,544	$-274,356
2020	$1,363,206	$637,201	$7,838,054	$726,005
2019	$292,075	$476,307	$6,997,886	$-184,232
2018	$430,297	$482,874	$7,195,790	$-52,577

KING'S ACADEMY INC