ATLANTA SMART ACADEMY INC (EIN 832312629) - 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

Tax Period

2023-07-02 to 2024-06-30

ATLANTA SMART ACADEMY INC, founded in 2018, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $5.3M exceeded revenue, resulting in a 37% operating deficit.

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 (2023)

Revenue Breakdown

Contributions & Grants $793,406

Program Service Revenue $2,975,510

Investment Income $0

Other Revenue $109,626

TOTAL REVENUE $3,878,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,422,012

Other Expenses $5,325,571

TOTAL EXPENSES $5,325,571

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,878,542	$4,584,340	-0.2%
Expenses	$5,325,571	$3,865,866	+0.4%
Net Income	$-1,447,029	$718,474	-3.0%

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

$106,000

Total Directors

$106,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICE MEADOWS	HEAD OF SCHOOL	40.00	Officer Director	$106,000	$0	$106,000
ANTIONETTE KENNEDY	BOARD MEMBER	0.00	Director	$0	$0	$0
SANDRA SCOTT	BOARD MEMBER	0.00	Director	$0	$0	$0
ADAM TOLLIVER	BOARD MEMBER	0.00	Director	$0	$0	$0
SHIRLYNN FORTSON	BOARD MEMBER	0.00	Director	$0	$0	$0
ARIEL BRUCE	BOARD MEMBER	0.00	Director	$0	$0	$0
VERONICA WILLIAMS	BOARD CHAIR	0.00	Officer Director	$0	$0	$0
LAUREN HARDEN	SECRETARY	0.00	Officer Director	$0	$0	$0
IVAN LEE	TREASURER	0.00	Officer Director	$0	$0	$0
WAND NEWMAN- JOHNSON	SECRETARY	0.00	Officer Director	$0	$0	$0
ROSALYNNE PRICE	VICE CHAIR	0.00	Officer 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
2025	No data	No data	No data	No data
2024	$3,878,542	$5,325,571	$4,298,341	$-1,447,029
2023	$4,584,340	$3,865,866	$4,166,600	$718,474
2021	$251,849	$505,906	$216,501	$-254,057

ATLANTA SMART ACADEMY INC