DORAL ACADEMY OF NORTH CAROLINA

EIN: 813878918 501(c)(3) Education

MIAMI, FL

Total Revenue
$7,699,302
Total Expenses
$6,548,939
Total Assets
$7,024,276
Net Assets
$2,000,121
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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
NC
Principal Officer
DAVID CORREA
Phone
3056692906
Tax Period
2024-07-01 to 2025-06-30

DORAL ACADEMY OF NORTH CAROLINA, founded in 2016, is a community nonprofit in the Education sector that reported $7.7M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $6.5M left a modest 15% surplus.

Mission

DORAL ACADEMY OF NORTH CAROLINA WILL PROVIDE QUALITY INSTRUCTION, HIGH EXPECTATIONS, AND A STANDARD-BASED CURRICULUM WITH A FOCUS ON STEAM. THE SCHOOL WILL PREPARE STUDENTS FOR HIGH ACADEMIC PERFORMANCE, STIMULATE THEIR LIFELONG LOVE OF MATH AND SCIENCE AND CREATE NEW PATHWAYS FOR THEM TO PURSUE ACADEMIC AND PROFESSIONAL CAREERS IN THE FIELDS OF MATH, SCIENCE, ENGINEERING, THE ARTS AND TECHNOLOGY. THE LEARNING ENVIRONMENT WILL SUPPORT THE SCHOOLS MISSION OF DELIVERING AN EXCEPTIONAL EDUCATIONAL EXPERIENCE.

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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 $6,788,301
Program Service Revenue $808,182
Investment Income $57,012
Other Revenue $45,807
TOTAL REVENUE $7,699,302

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,320,479
Fundraising Expenses $0
Program Expenses $4,704,329
Other Expenses $3,228,460
TOTAL EXPENSES $6,548,939

Year-over-Year Comparison

2024 2023 Change
Revenue $7,699,302 $5,946,322 +0.3%
Expenses $6,548,939 $5,314,431 +0.2%
Net Income $1,150,363 $631,891 +0.8%
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
4
Employees
89
Volunteers
65

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID CORREA BOARD CHAIR 2.00
Officer Director
$0 $0 $0
LUCINDA SHORE VICE-CHAIR 2.00
Officer Director
$0 $0 $0
DOUGLAS RODRIGUEZ BOARD MEMBER 2.00
Director
$0 $0 $0
CECILIA GUILARTE BOARD MEMBER 2.00
Director
$0 $0 $0
ANNALIET ECHANIZ PRINCIPAL 40.00
Highest
$123,134 $0 $123,134
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 $7,699,302 $6,548,939 $7,024,276 $1,150,363
2024 No data No data No data No data
2023 $4,260,127 $3,586,054 $6,056,259 $674,073
2023 No data No data No data No data
2022 $2,262,913 $2,588,449 $1,520,237 $-325,536
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