Apprentice Academy High School (EIN 813688144) - Form 990 Financial Analysis & Trantor Score

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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

2016

Legal Domicile

Principal Officer

Barry Ross

Phone

9803138610

Tax Period

2022-07-01 to 2023-06-30

Apprentice Academy High School, founded in 2016, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2022. Expenses of $3.2M left a modest 14% surplus.

Mission

Operation of a North Carolina Charter 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $480,386

Program Service Revenue $2,762,504

Investment Income $0

Other Revenue $472,515

TOTAL REVENUE $3,715,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,712,405

Fundraising Expenses $0

Program Expenses $2,759,300

Other Expenses $1,491,170

TOTAL EXPENSES $3,203,575

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,715,405	$3,543,013	+0.0%
Expenses	$3,203,575	$3,190,285	+0.0%
Net Income	$511,830	$352,728	+0.5%

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

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

Total Directors

Key Employees

$88,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barry Ross	Director	040.00	Key Emp	$88,600	$0	$88,600
John Jedra	Chair	001.50	Officer Director	$0	$0	$0
Sharon Ross	Vice Chair	001.50	Officer Director	$0	$0	$0
Helen Gutshall	Treasurer	001.50	Officer Director	$0	$0	$0
James Warner	Secretary	001.50	Officer Director	$0	$0	$0
Gary Summerfield	Board Member	000.75	Director	$0	$0	$0
Richard Baker	Board Member	000.75	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
2023	$3,715,405	$3,203,575	$491,977	$511,830
2022	$3,543,013	$3,190,285	$9,278,091	$352,728
2021	$2,644,826	$2,924,311	$9,188,360	$-279,485
2020	$2,027,441	$2,131,599	$9,503,884	$-104,158

Apprentice Academy High School