ATLANTIC ACADEMY INC (EIN 822047876) - 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

2017

Legal Domicile

Principal Officer

JEDEDIAH SCHWALM

Phone

2077011589

Tax Period

2022-07-01 to 2023-06-30

ATLANTIC ACADEMY INC, founded in 2017, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 6% surplus.

Mission

SEEK TO ESTABLISH AN EDUCATIONAL ENVIRONMENT FOR STUDENTS WITH SPECIAL NEEDS THAT IS GUIDED BY A BELIEF THAT ALL STUDENTS HAVE THE CAPACITY TO SUCCEED AND BE PRODUCTIVE MEMBERS OF THEIR COMMUNITY, GIVEN CAREFUL SUPPORT, AND CONSISTENT IMPLEMENTATION OF POSITIVE, EVIDENCE-BASED PRACTICES.

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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 $0

Program Service Revenue $1,660,987

Investment Income $0

Other Revenue $1,442

TOTAL REVENUE $1,662,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,188,516

Fundraising Expenses $0

Program Expenses $1,405,961

Other Expenses $375,743

TOTAL EXPENSES $1,564,259

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,662,429	$1,469,912	+0.1%
Expenses	$1,564,259	$1,568,897	0.0%
Net Income	$98,170	$-98,985	-2.0%

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

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

$115,573

Total Directors

$115,573

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEDEDIAH SCHWALM	PRESIDENT	40.00	Officer Director	$91,090	$24,483	$115,573
ROGER AKELEY	DIRECTOR	0.25	Officer Director	$0	$0	$0
DENNIS GRANNIS-PHOENIX	DIRECTOR	0.25	Officer Director	$0	$0	$0
RICHARD OLSON	SECRETARY	0.25	Officer Director	$0	$0	$0
CYNDI PRINCE	DIRECTOR	0.25	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,662,429	$1,564,259	$136,790	$98,170
2022	$1,469,912	$1,568,897	$87,939	$-98,985
2021	$1,312,784	$1,155,380	$130,804	$157,404
2020	$828,051	$855,652	$237,314	$-27,601
2019	$780,067	$742,620	$87,696	$37,447

ATLANTIC ACADEMY INC