UNION ACADEMY PRIVATE PREKINDERGARTEN

EIN: 815358346 501(c)(3) Education

MONROE, NC

Total Revenue
$610,769
Total Expenses
$742,331
Total Assets
$12,321
Net Assets
$-83,878
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NC
Principal Officer
TRIPP MELTON
Phone
7042388883
Tax Period
2023-07-01 to 2024-06-30

UNION ACADEMY PRIVATE PREKINDERGARTEN, founded in 2000, is a small nonprofit in the Education sector that reported $611K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $742K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE MISSION OF PREKINDERGARTEN IS TO EDUCATE THE WHOLE CHILD, PROVIDE CHALLENGING, HIGH QUALITY INSTRUCTION, STRONG CHARACTER DEVELOPMENT IN ALL STUDENTS AND COLLABORATIVE FAMILY INVOLVEMENT.

Program Service Accomplishments

Program 1
Expenses: $742,331

PROVIDES PRE-K AND AFTER SCHOOL EDUCATION IN MONROE, NC FOR THE FISCAL YEAR ENDING JUNE 30, 2024.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,791
Program Service Revenue $608,978
Investment Income $0
Other Revenue $0
TOTAL REVENUE $610,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $471,582
Fundraising Expenses $0
Program Expenses $742,331
Other Expenses $270,749
TOTAL EXPENSES $742,331

Year-over-Year Comparison

2023 2022 Change
Revenue $610,769 $565,380 +0.1%
Expenses $742,331 $463,850 +0.6%
Net Income $-131,562 $101,530 -2.3%
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
5
Independent Members
5
Employees
N/A
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
1
$65,662
Total Directors
6
$65,662
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRIPP MELTON BOARD CHAIR 1.00
Director
$0 $0 $0
CHRIS GRAY BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER EDWARDS BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLINE WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
ADOLFO ROLDAN BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA HOUSE EXECUTIVE DI 40.00
Officer Director
$65,662 $0 $65,662
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 $610,769 $742,331 $12,321 $-131,562
2023 $565,380 $463,850 $95,447 $101,530
2022 $405,485 $347,771 $34,979 $57,714
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