ENO RIVER ACADEMY HOLDINGS INC

EIN: 842188867 501(c)(3) Education

HILLSBOROUGH, NC

Total Revenue
$1,250,234
Total Expenses
$1,475,229
Total Assets
$17,837,405
Net Assets
$-1,637,563
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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
NC
Principal Officer
LINDSEY SEALY
Phone
9196446272
Tax Period
2024-07-01 to 2025-06-30

ENO RIVER ACADEMY HOLDINGS INC, founded in 2019, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.5M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE SCHOOL FACILITIES TO BE UTILIZED BY "A PUBLIC SCHOOL OF CHOICE, INC." DBA - ENO RIVER ACADEMY

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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 $0
Program Service Revenue $1,250,150
Investment Income $84
Other Revenue $0
TOTAL REVENUE $1,250,234

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $530,079
Other Expenses $1,475,229
TOTAL EXPENSES $1,475,229

Year-over-Year Comparison

2024 2023 Change
Revenue $1,250,234 $1,252,034 0.0%
Expenses $1,475,229 $1,487,031 0.0%
Net Income $-224,995 $-234,997 0.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
8
$128,851
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE NAGEL BOARD CHAIR 2.00
Officer Director
$0 $0 $0
JEREMY GREENE VICE CHAIR 2.00
Officer Director
$0 $0 $0
SABRINA KORDYS TREASURER 2.00
Officer Director
$0 $0 $0
MARGARET BARR SECRETARY 2.00
Officer Director
$0 $0 $0
ADAM HABER COMMUNITY SEAT 1.00
Officer Director
$0 $0 $0
CHARLOTTE DUNGAN PARENT SEAT 1.00
Officer Director
$0 $0 $0
PAMELA NORCROSS PARENT SEAT 1.00
Officer Director
$0 $0 $0
LINDSEY SEALY EXECUTIVE DIRECTOR 5.00
Officer
$0 $0 $128,851
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 $1,250,234 $1,475,229 $17,837,405 $-224,995
2024 No data No data No data No data
2023 $1,187,294 $1,497,292 $18,929,809 $-309,998
2022 $1,161,081 $1,525,286 $19,345,812 $-364,205
2021 $904,426 $1,500,582 $20,025,218 $-596,156
2020 No data No data $21,060,848 No data
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