SMITH ACADEMY FOR EXCELLENCE

EIN: 800780625 501(c)(3)

OKEMOS, MI

Total Revenue
$1,016,809
Total Expenses
$1,224,577
Total Assets
$2,915,576
Net Assets
$2,747,988
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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
2012
Legal Domicile
IN
Principal Officer
MELINDA BENKOVSKY
Phone
5172033716
Tax Period
2024-07-01 to 2025-06-30

SMITH ACADEMY FOR EXCELLENCE, founded in 2012, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE MISSION OF THE ACADEMY IS BASED ON A HOLISTIC APPROACH TO EDUCATION. ACADEMIC RIGOR IS CRITICAL AND IS BOLSTERED BY CHARACTER EDUCATION AND SERVICE LEARNING AS WELL AS COLLEGE PREPARATION. THE ACADEMY COLLABORATES WITH FAMILIES, COMMUNITY PARTNERS AND INSTITUTIONS OF HIGHER EDUCATION AS WE FULFILL OUR MISSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $994,017
Program Service Revenue $4,220
Investment Income $6,880
Other Revenue $11,692
TOTAL REVENUE $1,016,809

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $472,817
Other Expenses $1,224,577
TOTAL EXPENSES $1,224,577

Year-over-Year Comparison

2024 2023 Change
Revenue $1,016,809 $3,276,957 -0.7%
Expenses $1,224,577 $1,491,421 -0.2%
Net Income $-207,768 $1,785,536 -1.1%
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

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
1

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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YUL CRAIG MARTIN PRESIDENT 0.25
Officer Director
$0 $0 $0
DR ROGER W RINGENBERG VICE-PRESIDENT 0.25
Officer Director
$0 $0 $0
REMOUND W WRIGHT II SECRETARY/TREASURER 0.25
Officer Director
$0 $0 $0
JOHN DORTCH TRUSTEE 0.25
Director
$0 $0 $0
CAMERON SMITH TRUSTEE 0.25
Director
$0 $0 $0
MELINDA BENKOVSKY CHIEF FINANCIAL OFFICER 2.50
Officer
$0 $0 $0
COREY SMITH SCHOOL LEADER 47.50
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
2025 $1,016,809 $1,224,577 $2,915,576 $-207,768
2024 $3,276,957 $1,491,421 $3,112,756 $1,785,536
2023 $1,603,933 $1,176,007 $1,249,293 $427,926
2022 $1,300,219 $1,001,901 $801,258 $298,318
2021 $952,292 $817,810 $487,177 $134,482
2020 $834,197 $828,703 $353,538 $5,494
2019 $888,468 $797,991 $355,454 $90,477
2018 $834,206 $740,254 $238,660 $93,952
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