CHELSEA ACADEMY FOUNDATION INC (EIN 822997018) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

BART BEASELEY

Phone

5406350622

Tax Period

2023-09-01 to 2024-08-31

Chelsea Academy Foundation Inc, founded in 2017, is a small nonprofit in the Education sector that reported $270K in total revenue in fiscal year 2019. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $96K, a strong 36% operating margin.

Mission

OPERATES EXCLUSIVELY AS A SUPPORTING ORGANIZATION OF CHELSEA ACADEMY, INC. (FEIN 20-8995583)

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $326,026

Program Service Revenue $0

Investment Income $34,561

Other Revenue $308,251

TOTAL REVENUE $668,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,042

Program Expenses $654,494

Other Expenses $678,822

TOTAL EXPENSES $678,822

Year-over-Year Comparison

	2023	2022	Change
Revenue	$668,838	$646,262	+0.0%
Expenses	$678,822	$557,450	+0.2%
Net Income	$-9,984	$88,812	-1.1%

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

N/A

Volunteers

250

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

$131,927

Total Directors

$234,377

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUKE FIER	TREASURER	1.00	Officer Director	$0	$0	$80,819
J DOUGLAS MCCARTHY	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
PALLAS LEE VAN SCHAICK	DIRECTOR	1.00	Director	$0	$0	$0
BART BEASLEY	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JOE LYONS	SECRETARY	1.00	Officer Director	$0	$0	$0
REV DANIEL GEE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS LAGARDE	DIRECTOR	1.00	Director	$0	$0	$0
DEACON ROBERT BENYO	DIRECTOR	1.00	Director	$0	$0	$0
EMILE DOAK	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$20,891
JOHN DEJAK NON-VOTING	DIRECTOR	2.00	Director	$0	$0	$132,667
DANILLE WILSON	CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$0	$30,217

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
2024	$668,838	$678,822	$6,671,158	$-9,984
2023	$646,262	$557,450	$6,447,470	$88,812
2022	$391,028	$257,091	$6,624,544	$133,937
2021	$348,945	$213,979	$617,020	$134,966
2020	$270,396	$174,344	$482,313	$96,052

CHELSEA ACADEMY FOUNDATION INC