ELITE ACADEMIC ACADEMY - MOUNTAIN EMPIRE (EIN 824502310) - 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

2018

Legal Domicile

Principal Officer

MEGHAN FREEMAN

Phone

8663548302

Tax Period

2024-07-01 to 2025-06-30

ELITE ACADEMIC ACADEMY - MOUNTAIN EMPIRE, founded in 2018, is a mid-sized nonprofit in the Education sector that reported $16.9M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

OPERATION OF A CHARTER SCHOOL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,877,713

Program Service Revenue $0

Investment Income $17,286

Other Revenue $6,713

TOTAL REVENUE $16,901,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,281,472

Fundraising Expenses $0

Program Expenses $12,265,651

Other Expenses $7,264,253

TOTAL EXPENSES $16,545,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,901,712	$14,688,622	+0.2%
Expenses	$16,545,725	$14,556,349	+0.1%
Net Income	$355,987	$132,273	+1.7%

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

$418,087

Total Directors

$11,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT CHRISTENSEN	BOARD PRESIDENT	26.00	Officer Director	$3,900	$0	$3,900
LINDSAY BURKETT	VICE PRESIDENT	26.00	Officer Director	$3,900	$0	$3,900
HECTOR VALDEZ	TREASURER/SECRETARY	16.00	Officer Director	$1,500	$0	$1,500
RONALD JACKSON	TREASURER/SECRETARY THRU 7/24	10.00	Officer Director	$2,400	$0	$2,400
MEGHAN FREEMAN	CHIEF EXECUTIVE OFFICER	22.00	Officer	$0	$59,196	$406,387
LAURA SPENCER	CHIEF ACADEMIC OFFICER	21.00	Highest	$0	$49,234	$263,259
ASHLEA KIRKLAND	CHIEF STUDENT DEVELOPMENT	21.00	Highest	$0	$47,806	$245,788
TERESA SCHAFFER	DIRECTOR OF COMMUNITY RELATIONS	18.00	Highest	$0	$22,397	$184,120
SHANNON NGUYEN	SCHOOL PSYCHOLOGIST	18.00	Highest	$0	$28,255	$181,681
JENNIFER LYNN EDICK	DIRECTOR OF SPECIAL EDUCATION	18.00	Highest	$0	$30,614	$196,414

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	$16,901,712	$16,545,725	$3,902,305	$355,987
2024	$14,688,622	$14,556,349	$2,536,084	$132,273
2023	$12,282,477	$12,213,815	$3,349,165	$68,662
2022	$8,716,753	$8,686,906	$2,094,520	$29,847
2021	$7,822,658	$7,120,185	$1,871,073	$702,473
2020	$7,008,832	$6,225,926	$1,440,394	$782,906
2019	$3,483,431	$3,747,566	$879,036	$-264,135

ELITE ACADEMIC ACADEMY - MOUNTAIN EMPIRE