JAMES SHAW ACE ACADEMY

EIN: 811862359 501(c)(3) Philanthropy & Grantmaking

WINSTON SALEM, NC

Total Revenue
$70,083
Total Expenses
$64,313
Total Assets
$33,551
Net Assets
$33,551
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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
2017
Legal Domicile
NC
Principal Officer
James Shaw JR
Phone
3363068145
Tax Period
2024-01-01 to 2024-12-31

JAMES SHAW ACE ACADEMY, founded in 2017, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $70K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $64K left a modest 8% surplus.

Mission

Through lectures and a summer camp, introduce middle and high school students to the career opportunities in the aviation/aerospace industries.

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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 $70,081
Program Service Revenue $0
Investment Income $2
Other Revenue $0
TOTAL REVENUE $70,083

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $42,787
Other Expenses $64,313
TOTAL EXPENSES $64,313

Year-over-Year Comparison

2024 2023 Change
Revenue $70,083 $49,406 +0.4%
Expenses $64,313 $42,436 +0.5%
Net Income $5,770 $6,970 -0.2%
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
5
Employees
N/A
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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Shaw III President 040.00
Officer Director
$0 $0 $0
Chad Shaw Vice President 002.00
Officer Director
$0 $0 $0
Angela Anderson Secretary/Treasurer 002.00
Officer Director
$0 $0 $0
Phillip Edwards Board member 002.00
Director
$0 $0 $0
Sheila Ray-Shaw Board member 002.00
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
2024 $70,083 $64,313 $33,551 $5,770
2023 $49,406 $42,436 $27,781 $6,970
2022 $32,137 $51,100 $20,811 $-18,963
2021 $47,169 $72,481 $39,774 $-25,312
2020 $36,979 $45,006 $65,086 $-8,027
2019 $79,210 $54,707 $73,113 $24,503
2018 $99,792 $51,182 $48,610 $48,610
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