ASHEBORO HYBRID ACADEMY CORPORATION

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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

2022

Legal Domicile

Principal Officer

Nena Conner

Phone

3368572108

Tax Period

2024-01-01 to 2024-12-31

ASHEBORO HYBRID ACADEMY CORPORATION, founded in 2022, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO PARTNER WITH FAMILIES AS THEY RAISE THE NEXT GENERATION TO IMPACT THE WORLD FOR CHRIST BY PROVIDING SUPPORT, ACCOUNTABILITY, AND HIGH QUALITY EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $1,226,351

PROVIDE SUPPORT, ACCOUNTABILITY, AND HIGH QUALITY EDUCATION

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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 $656,691

Program Service Revenue $623,188

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,279,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $811,598

Fundraising Expenses $20,422

Program Expenses $1,226,351

Other Expenses $555,179

TOTAL EXPENSES $1,366,777

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,279,879	$1,051,747	+0.2%
Expenses	$1,366,777	$958,858	+0.4%
Net Income	$-86,898	$92,889	-1.9%

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

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

Total Directors

$28,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NENA CONNER	DIRECTOR	40.00	Director	$28,040	$0	$28,040

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	$1,279,879	$1,366,777	$237,878	$-86,898
2023	$1,051,747	$958,858	$187,916	$92,889
2022	$101,446	$187,155	$95,027	$-85,709