LTTS CHARTER SCHOOL INC DBA UNIVERSAL ACADEMY

EIN: 752739703 501(c)(3) Education

IRVING, TX

Total Revenue
$21,965,816
Total Expenses
$22,756,603
Total Assets
$46,469,393
Net Assets
$1,179,164
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
TX
Principal Officer
ANDREA BUTCHER
Phone
9722551800
Tax Period
2023-09-01 to 2024-08-31

LTTS CHARTER SCHOOL INC DBA UNIVERSAL ACADEMY, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $22.0M in total revenue in fiscal year 2023.

Mission

TO CREATE A CHALLENGING AND INTELLECTUALLY ENGAGING CURRICULUM WITHIN A SAFE, NURTURING ENVIRONMENT BY PROVIDING VARIED LEARNING OPPORTUNITIES THAT FOCUS ON THE DEVELOPMENT OF INSTRUCTIONAL EXCELLENCE, LEADERSHIP, AND CHARACTER BUILDING.

Program Service Accomplishments

Program 1
Expenses: $15,343,566 Revenue: $118,008

UNIVERSAL ACADEMY IS AN OPEN ENROLLMENT CHARTER SCHOOL THAT WAS FOUNDED IN 1998. SINCE ITS INCEPTION UNIVERSAL ACADEMY CURRENTLY HAS TWO CAMPUS LOCATIONS (IRVING AND COPPELL TEXAS). TEXAS EDUCATION...

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UNIVERSAL ACADEMY IS AN OPEN ENROLLMENT CHARTER SCHOOL THAT WAS FOUNDED IN 1998. SINCE ITS INCEPTION UNIVERSAL ACADEMY CURRENTLY HAS TWO CAMPUS LOCATIONS (IRVING AND COPPELL TEXAS). TEXAS EDUCATION AGENCY GRANTED UNIVERSAL ACADEMY A 10- YEAR CHARTER RENEWAL IN 2022. UNIVERSAL ACADEMY ALSO RECEIVED TEXAS EDUCATION AGENCY'S APPROVAL FOR A SITE EXPANSION TO BARTONVILLE, TEXAS WITH AN EXCLUSIVE HIGH-QUALITY DESIGNATION. THE STUDENT ENROLLMENT FOR THE 2023-2024 SCHOOL YEAR WAS 2042 STUDENTS IN GRADES PRE-KINDERGARTEN - 12TH GRADE. UNIVERSAL ACADEMY IS THE FIRST AND ONLY CHARTER SCHOOL IN THE STATE OF TEXAS TO OFFER THE "WORLD-CLASS CAMBRIDGE CURRICULUM" AS AN OFFICIAL LICENSEE. UNIVERSAL ACADEMY HAS MAINTAINED ITS SUPERIOR ACADEMIC PROGRAM AND ITS TEXAS EDUCATION AGENCY "A" PERFORMANCE RATING FOR THE DISTRICT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,470,419
Program Service Revenue $118,008
Investment Income $377,389
Other Revenue $0
TOTAL REVENUE $21,965,816

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,497,873
Fundraising Expenses $0
Program Expenses $15,343,566
Other Expenses $8,258,730
TOTAL EXPENSES $22,756,603

Year-over-Year Comparison

2023 2022 Change
Revenue $21,965,816 $21,566,813 +0.0%
Expenses $22,756,603 $21,160,095 +0.1%
Net Income $-790,787 $406,718 -2.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
4
Employees
242
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
3
$1,083,589
Total Directors
6
$844,055
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR DANA JOBE SUPERINTENDENT 60.00
Officer Director
$401,103 $32,797 $433,900
JANICE BLACKMON PRESIDENT 60.00
Officer Director
$373,945 $36,210 $410,155
YOLANDA BROWN MEMBER 5.00
Director
$0 $0 $0
DR SHARON GREGGS MEMBER 1.00
Director
$0 $0 $0
SANDRA HALL MEMBER 5.00
Director
$0 $0 $0
DIANE MOSHIER MEMBER 1.00
Director
$0 $0 $0
ANDREA BUTCHER CFO 40.00
Officer
$220,449 $19,085 $239,534
PERKINA GROSS-DICKERSON ASSIT. COO 40.00
Highest
$154,155 $17,506 $171,661
SHERATON DUFFEY PRINCIPAL 40.00
Highest
$139,880 $15,738 $155,618
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 No data No data No data No data
2024 $21,965,816 $22,756,603 $46,469,393 $-790,787
2023 $21,566,813 $21,160,095 $47,950,143 $406,718
2023 $21,566,813 $21,160,095 $47,950,143 $406,718
2022 $20,630,639 $22,429,062 $48,279,369 $-1,798,423
2021 $26,323,154 $21,633,454 $51,208,696 $4,689,700
2020 $19,395,723 $20,833,376 $47,883,318 $-1,437,653
2019 $19,452,238 $19,365,144 $30,045,505 $87,094
2018 $20,307,645 $19,421,170 $32,818,738 $886,475
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