Empowered Minds Academy

EIN: 812038509 501(c)(3) Education

Durham, NC

Total Revenue
$233,165
Total Expenses
$180,159
Total Assets
$86,508
Net Assets
$80,141
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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
2019
Legal Domicile
NC
Principal Officer
VALINE ZEIGLER
Phone
9199253083
Tax Period
2021-07-01 to 2022-06-30

Empowered Minds Academy, founded in 2019, is a small nonprofit in the Education sector that reported $233K in total revenue in fiscal year 2021. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 23% operating margin.

Mission

Private learnerdriven Montessoristyle school

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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 (2021)

Revenue Breakdown

Contributions & Grants $49,956
Program Service Revenue $183,209
Investment Income $0
Other Revenue $0
TOTAL REVENUE $233,165

Expense Breakdown

Grants Paid $0
Salaries & Benefits $76,357
Fundraising Expenses $0
Program Expenses $151,434
Other Expenses $103,802
TOTAL EXPENSES $180,159

Year-over-Year Comparison

2021 2020 Change
Revenue $233,165 $117,809 +1.0%
Expenses $180,159 $108,904 +0.7%
Net Income $53,006 $8,905 +5.0%
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
4
Independent Members
3
Employees
2
Volunteers
27

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
1
$6,000
Total Directors
4
$23,217
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VALINE ZIEGLER Executive director 45.00
Officer Director
$6,000 $0 $6,000
SHAMIL ZAH Treasurer 1.000
Director
$0 $0 $0
DOSALI BANDELE Director 0.500
Director
$0 $0 $0
AGOTIME ADEFUNMI Director 0.500
Director
$17,217 $0 $17,217
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 $233,165 $180,159 $86,508 $53,006
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