BEACON ACADEMY INC (EIN 731710051) - 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

CHARLES CARTER

Phone

6174232266

Tax Period

2024-07-01 to 2025-06-30

BEACON ACADEMY INC, founded in 2005, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 27% operating margin.

Mission

BEACON ACADEMY PROVIDES A TRANSFORMATIONAL YEAR BETWEEN 8TH AND 9TH GRADES TO PROMISING, MOTIVATED AND HARD-WORKING STUDENTS FROM BOSTON AND SURROUNDING URBAN AREAS. INSPIRED BY A CHALLENGING CURRICULUM AND STIMULATING CO-CURRICULAR EXPERIENCES, STUDENTS LEARN VITAL ACADEMIC SKILLS AND DEVELOP HABITS OF MIND THAT EMPOWER THEM TO CHANGE THE TRAJECOTRY OF THEIR LIVES. THEY EMERGE AS ACTIVE LEARNERS WITH INCREASED CONFIDENCE, CRITICAL THINKING SKILLS, AND BROADER VISION, PREPARED TO THRIVE AT COMPETITIVE, INDEPENDENT AND PUBLIC EXAM HIGH SCHOOLS THAT SHARE OUR COMMITMENT TO THEIR SUCCESS.

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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 $2,999,818

Program Service Revenue $0

Investment Income $1,711,079

Other Revenue $-94,957

TOTAL REVENUE $4,615,940

Expense Breakdown

Grants Paid $269,175

Salaries & Benefits $1,867,434

Fundraising Expenses $460,820

Program Expenses $2,418,577

Other Expenses $1,203,996

TOTAL EXPENSES $3,377,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,615,940	$3,004,278	+0.5%
Expenses	$3,377,105	$3,012,120	+0.1%
Net Income	$1,238,835	$-7,842	-159.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

250

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

$401,073

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLIE LOUGHLIN	CHAIR	2.00	Officer Director	$0	$0	$0
JESSICA LUTZKER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JULIE MCKENNA	TREASURER	2.00	Officer Director	$0	$0	$0
DAYNA ATKINS	CLERK	2.00	Director	$0	$0	$0
AMY MCCARTHY	CHAIR EMERITAS	2.00	Officer Director	$0	$0	$0
CAROLYN MCCLINTOCK PETER	CHAIR EMERITAS	2.00	Director	$0	$0	$0
ANNA AFEYAN	TRUSTEE	2.00	Director	$0	$0	$0
JANET BERKELEY	TRUSTEE	2.00	Director	$0	$0	$0
NINA BOWMAN	TRUSTEE	2.00	Director	$0	$0	$0
TONY BROOKE	TRUSTEE	2.00	Director	$0	$0	$0
LEE COFFIN	TRUSTEE	2.00	Director	$0	$0	$0
LISA DIADAMO	TRUSTEE	2.00	Director	$0	$0	$0
JEN DOLINS	TRUSTEE	2.00	Director	$0	$0	$0
TIM DONOHUE	TRUSTEE	2.00	Director	$0	$0	$0
MARK ENGERMAN	TRUSTEE	2.00	Director	$0	$0	$0
HENRY FAIRFAX	TRUSTEE	2.00	Director	$0	$0	$0
GEORGIA FELDMAN	TRUSTEE	2.00	Director	$0	$0	$0
REBECCA MAILER-HOWAT	TRUSTEE	2.00	Director	$0	$0	$0
JANET NAHIRNY	TRUSTEE	2.00	Director	$0	$0	$0
KNEIDE NASCIMENTO	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN PARKE	TRUSTEE	2.00	Director	$0	$0	$0
ANN RYAN	TRUSTEE	2.00	Director	$0	$0	$0
CAROLYN STAFFORD STEIN	TRUSTEE	2.00	Director	$0	$0	$0
KYLE UMEMBA	TRUSTEE	2.00	Director	$0	$0	$0
ELI WARD	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN WILKINSON	TRUSTEE	2.00	Director	$0	$0	$0
CHARLES E CARTER	CEO & HEAD OF SCHOOL	40.00	Officer	$238,168	$47,678	$285,846
SCOTT STEELE	DIRECTOR OF FINANCE AND OP	40.00	Officer	$99,039	$16,188	$115,227
NICOLE BAKER	DIRECTOR OF DEVELOPMENT & ENGAGEMENT	40.00	Highest	$125,431	$10,312	$135,743
ASHLEY MIRANDA	DIRECTOR OF ALUMNI SUPPORT SERVICES	40.00	Highest	$111,279	$13,680	$124,959
ERIC NETT	DIRECTOR OF ENROLLMENT & PLACEMENT	40.00	Highest	$108,835	$13,276	$122,111
ANNE-MARIE YU-PHELPS	DIRECTOR OF ACADEMY YEAR	40.00	Highest	$114,693	$7,300	$121,993

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	$4,615,940	$3,377,105	$17,845,976	$1,238,835
2024	$3,004,278	$3,012,120	$17,296,406	$-7,842
2023	$2,404,954	$2,846,121	$16,438,161	$-441,167
2022	$1,203,429	$2,721,643	$16,262,278	$-1,518,214
2021	$4,161,339	$2,183,603	$18,410,775	$1,977,736
2020	$8,123,155	$2,359,501	$14,591,414	$5,763,654
2019	$3,745,859	$1,893,827	$8,701,504	$1,852,032
2018	$2,774,079	$1,867,733	$6,773,695	$906,346

BEACON ACADEMY INC