DR R W GOINES STEM ACADEMY (EIN 844306860) - 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

2020

Principal Officer

DR RONNIE GOINES

Tax Period

2023-01-01 to 2023-12-31

DR R W GOINES STEM ACADEMY, founded in 2020, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 11% surplus.

Mission

OUR MISSION IS TO PREPARE STUDENTS TO BE CHRISTOCENTRIC AND ACADEMICALLY EXCELLENT; TO EXPAND AND IMPACT THEIR SPHERES OF INFLUENCE: LIFT - LIFT UP THE NAME OF JESUS IN WORD AND WORKS. LAUGH - HAVING FUN IN THE PROCESS. LOVE - SHOWING LOVE TOWARDS ONE ANOTHER. LEARN - THROUGH A FOCUS ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH.

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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 $439,428

Program Service Revenue $978,266

Investment Income $0

Other Revenue $3,940

TOTAL REVENUE $1,421,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $841,886

Fundraising Expenses $0

Program Expenses $1,268,914

Other Expenses $427,028

TOTAL EXPENSES $1,268,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,421,634	$1,068,200	+0.3%
Expenses	$1,268,914	$1,129,642	+0.1%
Net Income	$152,720	$-61,442	-3.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR RONNIE GOINES	CEO	5.00	Officer	$0	$0	$0
JAMES WOMACK	PRESIDENT	5.00	Officer Director	$0	$0	$0
BETHANY BRANCH MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RAYMOND FERRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
DR VALENTINE GIBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DR REGINA CANNON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH DAWSON	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$1,421,634	$1,268,914	$64,755	$152,720
2022	$1,068,200	$1,129,642	$55,371	$-61,442
2021	$718,477	$767,961	$102,207	$-49,484

DR R W GOINES STEM ACADEMY