Three Rivers Academy

EIN: 831158515 501(c)(3)

Powellsville, NC

Total Revenue
$1,409,851
Total Expenses
$1,342,929
Total Assets
$82,372
Net Assets
$82,265
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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
NC
Principal Officer
James Montague
Phone
9105388060
Tax Period
2020-07-01 to 2021-06-30

Three Rivers Academy, founded in 2018, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2020. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 5% surplus.

Mission

Operate 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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $1,409,851
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,409,851

Expense Breakdown

Grants Paid $0
Salaries & Benefits $185,734
Fundraising Expenses $0
Program Expenses $185,328
Other Expenses $1,157,195
TOTAL EXPENSES $1,342,929

Year-over-Year Comparison

2020 2019 Change
Revenue $1,409,851 $959,477 +0.5%
Expenses $1,342,929 $969,957 +0.4%
Net Income $66,922 $-10,480 -7.4%
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
5
Volunteers
40

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Montague Board Chair 2.00
Officer Director
$0 $0 $0
Wonza Montague Board Treasurer 2.00
Officer Director
$0 $0 $0
Linda Peele Board Secretary 2.00
Officer Director
$0 $0 $0
Eulanda Elliott Director 2.00
Director
$0 $0 $0
Bishop Ron Watford Director 2.00
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
2021 $1,409,851 $1,342,929 $82,372 $66,922
2019 $974,670 $948,847 $25,823 $25,823
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