OLD MAIN STREAM ACADEMY

EIN: 831462526 501(c)(3) Education

PEMBROKE, NC

Total Revenue
$4,552,149
Total Expenses
$4,104,698
Total Assets
$1,179,824
Net Assets
$1,130,506
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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
DR ROSE MARIE LOWRY-TOWNS
Phone
9107759191
Tax Period
2023-07-01 to 2024-06-30

OLD MAIN STREAM ACADEMY, founded in 2018, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $4.1M left a modest 10% surplus.

Mission

OUR MISSION IS TO ENGAGE STUDENTS IN STREAM DISCIPLINES THAT WILL PREPARE FUTURE LEADERS WHO AREINNOVATIVE, PERSISTENT, AND SELF-DETERMINED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,356,820
Program Service Revenue $195,329
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,552,149

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,382,190
Fundraising Expenses $0
Program Expenses $3,443,937
Other Expenses $1,722,508
TOTAL EXPENSES $4,104,698

Year-over-Year Comparison

2023 2022 Change
Revenue $4,552,149 $3,027,060 +0.5%
Expenses $4,104,698 $2,620,867 +0.6%
Net Income $447,451 $406,193 +0.1%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR DENISE HUNT SCHOOL BOARD MEMBER 5.00
Director
$0 $0 $0
DR TIFFANY LOCKLEAR SCHOOL BOARD MEMBER 5.00
Director
$0 $0 $0
JOHN LOWERY SCHOOL BOARD MEMBER 5.00
Director
$0 $0 $0
DR ROSE MARIE LOWRY-TOWNSEND CHAIRMAN BOARD 5.00
Officer
$0 $0 $0
DR BRENDA DIAL DEESE VICE CHAIRMAN 5.00
Officer
$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
2024 $4,552,149 $4,104,698 $1,179,824 $447,451
2022 $3,027,060 $2,620,867 $749,737 $406,193
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