OLYMPUS INTERNATIONAL ACADEMY INC

EIN: 832594222 501(c)(3) Education

BOCA RATON, FL

Total Revenue
$4,264,942
Total Expenses
$5,458,987
Total Assets
$13,300,888
Net Assets
$-424,669
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
Principal Officer
JOSEPH MULLEN
Phone
5619005323
Tax Period
2024-07-01 to 2025-06-30

OLYMPUS INTERNATIONAL ACADEMY INC, founded in 2016, is a community nonprofit in the Education sector that reported $4.3M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $5.5M exceeded revenue, resulting in a 28% operating deficit.

Mission

OUR MISSION IS TO PROVIDE A 21ST CENTURY CURRICULUM AND THE KNOWLEDGE AND SKILLS FOR GLOBAL COMPETENCY TO K-8 STUDENTS IN OUR COMMUNITY. A GLOBAL DIMENSION IS ADDED TO ALL DISCIPLINES/CONTENT AREAS. WE INFUSE THE STEAM PROGRAM IN ALL GRADE LEVELS, BEGINNING IN KINDERGARTEN AND PROJECT-BASED LEARNING THAT SUPPORTS INVENTING AND ENTREPRENEURSHIP. OUR CLASSROOMS PROVIDE DIFFERENTIATION THROUGH FLEXIBLE GROUPING AND SMALL GROUP INSTRUCTION. WORLD GEOGRAPHY, LANGUAGES AND CULTURES ARE AN INTEGRAL PART OF THE EDUCATION WE PROVIDE FOR OUR STUDENTS WHO WILL BE PREPARED TO TAKE AN IMPORTANT PLACE IN A GLOBAL SOCIETY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $374,140
Program Service Revenue $3,511,485
Investment Income $0
Other Revenue $379,317
TOTAL REVENUE $4,264,942

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,935,197
Fundraising Expenses $0
Program Expenses $4,640,139
Other Expenses $2,523,790
TOTAL EXPENSES $5,458,987

Year-over-Year Comparison

2024 2023 Change
Revenue $4,264,942 $5,053,410 -0.2%
Expenses $5,458,987 $4,601,310 +0.2%
Net Income $-1,194,045 $452,100 -3.6%
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
3
Independent Members
3
Employees
38
Volunteers
6

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
$128,000
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH MULLEN CHAIR 1.00
Officer Director
$0 $0 $0
ALVARO DELOLMO MEMBER 1.00
Director
$0 $0 $0
CHARLENE THOMAS MEMBER 1.00
Director
$0 $0 $0
NANCY SWENSON PRINCIPAL 40.00
Officer
$128,000 $0 $128,000
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 $4,264,942 $5,458,987 $13,300,888 $-1,194,045
2024 $5,053,410 $4,601,310 $14,118,327 $452,100
2023 $4,195,511 $4,103,890 $14,140,027 $91,621
2022 $3,679,245 $3,374,448 $2,321,981 $304,797
2021 $2,459,931 $2,408,671 $346,683 $51,260
2020 $1,808,292 $1,891,568 $291,565 $-83,276
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