ATLANTIC ACADEMY INC

EIN: 822047876 501(c)(3) Education

ROCKPORT, ME

Total Revenue
$1,662,429
Total Expenses
$1,564,259
Total Assets
$136,790
Net Assets
$108,529
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
ME
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.

Program Service Accomplishments

Program 1
Expenses: $1,405,961 Revenue: $1,660,987

A SPECIAL PURPOSE PRIVATE SCHOOL (SPPS), APPROVED BY THE STATE OF MAINE DEPARTMENT OF EDUCATION THAT SPECIALIZES IN PROVIDING EDUCATION AND TREATMENT TO STUDENTS WITH AUTISM, AND EMOTIONAL AND...

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A SPECIAL PURPOSE PRIVATE SCHOOL (SPPS), APPROVED BY THE STATE OF MAINE DEPARTMENT OF EDUCATION THAT SPECIALIZES IN PROVIDING EDUCATION AND TREATMENT TO STUDENTS WITH AUTISM, AND EMOTIONAL AND BEHAVIORAL DISORDERS. THE SCHOOL OPERATES YEAR ROUND IN THE MID COAST REGION OF MAINE.

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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 (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

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Governance

Voting Members
5
Independent Members
5
Employees
30
Volunteers
3

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
5
$115,573
Total Directors
5
$115,573
Key Employees
0
$0
Highest Compensated
0
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
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