THE MASTERS ACADEMY

EIN: 811689040 501(c)(3) Education

FOREST CITY, NC

Total Revenue
$745,896
Total Expenses
$738,808
Total Assets
$40,826
Net Assets
$-39,858
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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
2006
Legal Domicile
NC
Phone
8282293172
Tax Period
2024-07-01 to 2025-06-30

THE MASTERS ACADEMY, founded in 2006, is a small nonprofit in the Education sector that reported $746K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

NONPROFIT SCHOOL PROVIDING A FOREST SCHOOL, AN OUTDOOR SCHOOL, AND A TRADITIONAL INDOOR SCHOOL WITH A CLASSICAL CURRICULUM PROGRAM AND EXTRACURRICULARS.

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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 $22,986
Program Service Revenue $722,819
Investment Income $91
Other Revenue $0
TOTAL REVENUE $745,896

Expense Breakdown

Grants Paid $0
Salaries & Benefits $633,830
Fundraising Expenses $0
Program Expenses $668,447
Other Expenses $104,978
TOTAL EXPENSES $738,808

Year-over-Year Comparison

2024 2023 Change
Revenue $745,896 $920,995 -0.2%
Expenses $738,808 $937,615 -0.2%
Net Income $7,088 $-16,620 -1.4%
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
10
Independent Members
10
Employees
35
Volunteers
10

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
$0
Total Directors
3
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE CONNOR CHAIRMAN 2.00
Officer Director
$0 $0 $0
ED SOMMERVILLE SECRETARY 2.00
Officer Director
$0 $0 $0
TAMMY WATERS TREASURER 5.00
Officer Director
$0 $0 $0
CARON MORENO HEAD OF SCHOOL 45.00
Key Emp
$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 $745,896 $738,808 $40,826 $7,088
2024 $920,995 $937,615 $41,966 $-16,620
2023 $949,884 $891,954 $119,740 $57,930
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