FLATIRONS ACADEMY (EIN 841463519) - 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

1999

Legal Domicile

Principal Officer

MITCH DOUGHTY

Phone

3034511421

Tax Period

2023-06-01 to 2024-05-31

FLATIRONS ACADEMY, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $15.5M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.9M, a strong 64% operating margin.

Mission

EDUCATE STUDENTS FROM KINDERGARTEN THROUGH HIGH SCHOOL IN A GENUINE FAITH ENVIRONMENT THROUGH ACADEMICS, ATHLETICS AND ARTS IN A FORMAL CLASSROOM SITTING.

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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 $10,308,383

Program Service Revenue $4,757,200

Investment Income $54,057

Other Revenue $337,354

TOTAL REVENUE $15,456,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,292,576

Fundraising Expenses $0

Program Expenses $3,621,611

Other Expenses $2,263,341

TOTAL EXPENSES $5,555,917

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,456,994	$12,134,021	+0.3%
Expenses	$5,555,917	$9,210,694	-0.4%
Net Income	$9,901,077	$2,923,327	+2.4%

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

Governance

Voting Members

Independent Members

Employees

106

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

$139,467

Total Directors

$142,967

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLYTHE BACA	SECRETARY	4.00	Officer Director	$0	$0	$0
ERIC RAKERS	VICE PRESIDENT	4.00	Director	$3,500	$0	$3,500
MICHAEL KOEHN	DIRECTOR	4.00	Director	$0	$0	$0
LARRY ZIMBELMAN	PRESIDENT	40.00	Officer Director	$139,467	$0	$139,467
KARL ROMEUS	DIRECTOR	4.00	Director	$0	$0	$0
JIM BURGEN	DIRECTOR	4.00	Director	$0	$0	$0
MEGAN TERRELL	DIRECTOR	4.00	Director	$0	$0	$0
MITCH DOUGHTY	DIRECTOR OF OPERATIONS	40.00	Highest	$129,333	$0	$129,333

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	$15,456,994	$5,555,917	$35,675,740	$9,901,077
2023	$12,134,021	$9,210,694	$25,248,911	$2,923,327
2022	$7,524,059	$4,153,760	$22,650,742	$3,370,299
2021	$6,042,295	$3,267,872	$18,628,034	$2,774,423
2020	$7,717,349	$3,481,495	$16,437,140	$4,235,854

FLATIRONS ACADEMY