THE ACADEMY GROUP

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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

2019

Legal Domicile

Principal Officer

SHAYNE EVANS

Phone

3129640041

Tax Period

2024-07-01 to 2025-06-30

THE ACADEMY GROUP, founded in 2019, is a mid-sized nonprofit in the Education sector that reported $11.5M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $12.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

FUELED BY THE BELIEF THAT TALENT IS UBIQUITOUS, THE ACADEMY GROUP UNLOCKS OPPORTUNITY FOR YOUNG PEOPLE FROM THE NATION'S MOST RESILIENT COMMUNITIES TO REALIZE THEIR FULL POTENTIAL AS ECONOMIC, EDUCATIONAL, AND SOCIAL CHANGE AGENTS.

Program Service Accomplishments

Program 1

Expenses: $7,777,455

THE ACADEMY GROUP (ACADEMY) WORKS WITH FAMILIES FROM ACROSS REGIONS: BOSTON, CHICAGO, DETROIT, AND LOS ANGELES. NINETY-FIVE PERCENT OF THE STUDENTS THE ORGANIZATION SERVES ARE BLACK AND BROWN AND THE ORGANIZATION WILL CONTINUE TO EXPAND OUR REACH TO SUPPORT YOUNG PEOPLE FROM RESILIENT COMMUNITIES. IN ADDITION, THE ORGANIZATION SERVES YOUNG ADULTS WHO ATTEND A BROAD RANGE OF COLLEGES AND UNIVERSITIES.OVER A FOURTEEN-YEAR JOURNEY, THE ACADEMY GUIDES STUDENTS THROUGH INTENSE INTERDISCIPLINARY EXPLORATION OF BUSINESS, WEALTH CREATION, AND LEADERSHIP. PROGRAMMING AT THE ACADEMY IS RIGOROUS, PERSONALIZED, AND CUMULATIVE. THE ORGANIZATION REINFORCES CORE SKILLS THAT ACCELERATE ACADEMIC PROGRESS, PUTTING STUDENTS ON TRACK TO REACH AMBITIOUS EDUCATIONAL AND CAREER, AND WEALTH-BUILDING MILESTONES.

Program 2

Expenses: $1,689,274

THE AMPLIFY CHICAGO (AMPLIFY) PROGRAM IS A WEALTH-BUILDING PATHWAY INTEGRATING CAREER, LEADERSHIP, AND ENTREPRENEURSHIP FOR 21 TO 30- YEAR-OLD YOUNG MEN AND WOMEN FROM THE MOST RESILIENT COMMUNITIES THAT HAVE BEEN DISPROPORTIONATELY IMPACTED BY VIOLENCE, CRIMINALIZATION, ECONOMIC DISRUPTION, AND EDUCATIONAL DISINVESTMENT.AMPLIFY'S HOLISTIC APPROACH TO CLOSING THE OPPORTUNITY GAP IS GROUNDED IN TRANSFORMATIVE RELATIONSHIPS AND DESIGNED TO ACCELERATE BUSINESS, ACADEMIC, SOCIAL, AND EMOTIONAL GROWTH. THROUGH THE INTENSIVE INTERNSHIP AND APPRENTICESHIP MODEL, PARTICIPANTS EARN INDUSTRY CREDENTIALS, BUILD INVESTMENT PORTFOLIOS, ADDRESS TRAUMA, SET PERSONAL AND PROFESSIONAL GOALS, AND TRANSITION INTO CAREER AND ENTREPRENEURIAL PATHWAYS.JUST LIKE THE ACADEMY, AMPLIFY PROVES THAT TALENT IS UBIQUITOS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,452,907

Program Service Revenue $0

Investment Income $0

Other Revenue $4,101

TOTAL REVENUE $11,457,008

Expense Breakdown

Grants Paid $1,456,334

Salaries & Benefits $5,294,051

Fundraising Expenses $488,167

Program Expenses $9,466,729

Other Expenses $6,039,504

TOTAL EXPENSES $12,789,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,457,008	$10,578,174	+0.1%
Expenses	$12,789,889	$9,239,216	+0.4%
Net Income	$-1,332,881	$1,338,958	-2.0%

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

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

$606,044

Total Directors

Key Employees

$510,218

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAYNE EVANS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DERRICK ROSS	TREASURER	1.00	Officer Director	$0	$0	$0
CHANEL CONEY	DIRECTOR	1.00	Director	$0	$0	$0
DINORAH LOZANO	DIRECTOR	1.00	Director	$0	$0	$0
DR GREG JONES	CEO - CHICAGO ACADEMY	40.00	Officer	$303,745	$46,160	$349,905
TED CHRISTIANS	CEO - AMPLIFY	40.00	Officer	$237,683	$18,456	$256,139
IMAN LINDSAY	CHIEF STRATEGY AND INNOVATION OFFICER	40.00	Key Emp	$247,813	$38,682	$286,495
LATONIA ARNOLD	CHIEF HUMAN RESOURCES OFFICER	40.00	Key Emp	$202,209	$21,514	$223,723
RODNEY BLY	SENIOR DIRECTOR OF PARTNERSHIPS	40.00	Highest	$135,142	$17,957	$153,099
LINDSEY SCHMITZ	DIRECTOR OF STRATEGY	40.00	Highest	$123,930	$28,462	$152,392
JOEL BULLOCK	DIRECTOR OF ALUMNI	40.00	Highest	$116,791	$30,956	$147,747
QUIANA CHAPPLE	SENIOR DIRECTOR, AMPLIFY CHICAGO	40.00	Highest	$115,128	$27,393	$142,521
SHANNON ROBIN KEYS	DIRECTOR OF REGIONAL HIGH SCHOOL PROGRAMS	40.00	Highest	$102,663	$26,706	$129,369

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	$11,457,008	$12,789,889	$612,585	$-1,332,881
2024	$10,578,174	$9,239,216	$1,843,617	$1,338,958
2023	$4,192,008	$6,792,511	$534,354	$-2,600,503
2022	$6,498,037	$4,173,458	$2,876,499	$2,324,579
2020	$214,827	$1,300	$218,027	$213,527