Wilmington Education Organization (EIN 814262635) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

David Anderson

Phone

9108390012

Tax Period

2024-07-01 to 2025-06-30

Wilmington Education Organization, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $15.3M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

Public K-8 charter school located in New Hanover County, providing tuition-free education to the public and open to all residents of North Carolina.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $343,786

Program Service Revenue $12,803,563

Investment Income $98,381

Other Revenue $2,014,303

TOTAL REVENUE $15,260,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,173,241

Fundraising Expenses $1,885,998

Program Expenses $8,616,809

Other Expenses $9,621,414

TOTAL EXPENSES $15,794,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,260,033	$11,682,516	+0.3%
Expenses	$15,794,655	$11,571,552	+0.4%
Net Income	$-534,622	$110,964	-5.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

127

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Mysiuk	Vice Chair	002.00	Officer Director	$0	$0	$0
Bud Wawner	Director	002.00	Director	$0	$0	$0
Karen Gaskill	Director	002.00	Director	$0	$0	$0
David Anderson	Chair	002.00	Officer Director	$0	$0	$0
Kimberly Rivenbark	Secretary/Treasurer	002.00	Officer 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	$15,260,033	$15,794,655	$22,314,770	$-534,622
2024	No data	No data	No data	No data
2023	$11,008,508	$11,405,594	$22,290,169	$-397,086
2022	$9,173,831	$9,106,134	$22,686,310	$67,697
2021	$6,972,055	$7,249,928	$22,607,631	$-277,873
2020	$5,017,331	$7,768,099	$23,546,004	$-2,750,768
2019	$5,304,319	$4,600,835	$1,379,470	$703,484
2018	$3,910,858	$3,371,941	$591,077	$538,917

Wilmington Education Organization