DIRECTORS ACADEMY

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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

Legal Domicile

Principal Officer

KEITH MEYER

Phone

3125768151

Tax Period

2024-01-01 to 2024-12-31

DIRECTORS ACADEMY is a micro nonprofit in the Education sector that reported $55K in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $105K exceeded revenue, resulting in a 89% operating deficit.

Mission

OUR PURPOSE IS TO IDENTIFY, DEVELOP AND ADVANCE THE NEXT GENERATION OF DIVERSE BOARD MEMBERS AND FUTURE BOARD LEADERS.

Program Service Accomplishments

Program 1

Expenses: $87,368 Revenue: $33,898

NEXTGEN DIRECTOR PROGRAM THE ACADEMY PROVIDES CORPORATE GOVERNANCE EDUCATION AND TRAINING FOR FUTURE CORPORATE BOARD MEMBERS FROM DIVERSE BACKGROUNDS VIA A NEXTGEN DIRECTOR PROGRAM TO BETTER PREPARE THEMSELVES FOR THEIR FIRST CORPORATE BOARD EXPERIENCE. THE PROGRAM IS PRACTITIONER LED WITH A FACULTY OF EXPERIENCED BOARD LEADERS FROM A WIDE VARIETY OF PUBLIC AND PRIVATE COMPANIES. THE TWO DAY PROGRAM COVERS A FULL RANGE OF CORPORATE DIRECTOR DUTIES AND RESPONSIBILITIES, THE WORK OF THE FULL BOARD AND EACH BOARD COMMITTEE, INTERACTIVE BOARD CASES AND GOVERNANCE BEST PRACTICE EXCHANGE. IN ADDITION, THE CLASS PARTICIPANTS REFINE THEIR BOARD VALUE PROPOSITIONS AND MEET WITH BOARD LEADERS TO BROADEN THEIR NETWORK AND SHARPEN THEIR ABILITY TO CONNECT WITH KEY DECISION MAKERS. AS PART OF THE PROGRAM, EACH CLASS MEMBER IS PROVIDED AN OPPORTUNITY TO BUILD RELATIONSHIPS WITH EXISTING BOARD LEADERS AND FURTHER REFINE THEIR SPECIFIC BOARD INTERESTS. TO DATE, NEXTGEN DIRECTORS PROGRAM ALUMNI HAVE SERVED ON OVER 150 CORPORATE BOARDS FOLLOWING PARTICIPATION IN THE PROGRAM.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $33,898

Investment Income $21,584

Other Revenue $0

TOTAL REVENUE $55,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,368

Other Expenses $104,711

TOTAL EXPENSES $104,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,482	$377,142	-0.9%
Expenses	$104,711	$122,024	-0.1%
Net Income	$-49,229	$255,118	-1.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES D WHITE	CHAIRMAN	4.00	Officer Director	$0	$0	$0
KEITH MEYER	PRESIDENT	15.00	Officer Director	$0	$0	$0
CHRISTINE HECKART	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER HILES	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN LEVINE	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$55,482	$104,711	$690,042	$-49,229
2023	$377,142	$122,024	$739,027	$255,118
2022	$328,652	$121,168	$498,293	$207,484
2021	$284,870	$51,131	$276,872	$233,739