Acapita Education Finance Corporation (EIN 742542435) - 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

1989

Legal Domicile

Principal Officer

RICKY TURMAN

Phone

2547530915

Tax Period

2021-07-01 to 2022-04-30

Acapita Education Finance Corporation, founded in 1989, is a large national nonprofit that reported $1.0B in total revenue in fiscal year 2021. Revenue surged 2599% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0B, a strong 100% operating margin.

Mission

ACAPITA EDUCATION FINANCE CORPORATION'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $864,330

Investment Income $-16,979,776

Other Revenue $1,047,507,008

TOTAL REVENUE $1,031,391,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $208,840

Other Expenses $208,840

TOTAL EXPENSES $208,840

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,031,391,562	$38,212,450	+26.0%
Expenses	$208,840	$48,758,124	-1.0%
Net Income	$1,031,182,722	$-10,545,674	-98.8%

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

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

$2,472,986

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BEN LITLE	PRESIDENT/CEO	1.0	Officer	$0	$68,031	$775,095
RICKY TURMAN	EVP/COO/CFO	1.0	Officer	$0	$71,273	$664,951
KELLI UTTECH	SVP/GENERAL COUNSEL	1.0	Officer	$0	$63,567	$405,296
TAMMY HARRALSON	CONTROLLER/VP	1.0	Officer	$0	$57,610	$291,988
DARRELL BROOKS	TREASURER	1.0	Officer	$0	$46,110	$233,051
SUSAN DAVIS	SECRETARY (END:2021)	1.0		$0	$20,232	$225,755
TIFFANY JONES	SECRETARY (BEGIN:2021)	1.0	Officer	$0	$18,574	$102,605
STEVE BOSTICK	DIRECTOR	1.0	Director	$0	$0	$0
CLAUDE ERVIN	DIRECTOR	1.0	Director	$0	$0	$0
BRENT HELM	DIRECTOR	1.0	Director	$0	$0	$0
DR TERRY MANESS	DIRECTOR	1.0	Director	$0	$0	$0
SHERRILL POGUE	DIRECTOR (END:2021)	1.0	Director	$0	$0	$0
CHARLES REED	DIRECTOR	1.0	Director	$0	$0	$0
LARRY SMITH	DIRECTOR	1.0	Director	$0	$0	$0
GRETA WATSON	DIRECTOR	1.0	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
2022	$1,031,391,562	$208,840	No data	$1,031,182,722
2021	$38,212,450	$48,758,124	$191,939,866	$-10,545,674
2020	$28,860,136	$68,874,137	$862,372,254	$-40,014,001
2019	$28,517,098	$88,135,044	$987,993,221	$-59,617,946
2018	$52,828,209	$89,055,757	$1,145,280,447	$-36,227,548

Acapita Education Finance Corporation