THE EMPOWERMENT ACADEMY OF CHARLOTTE INC (EIN 850880988) - 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

Legal Domicile

Principal Officer

ANTONIO WILDER

Phone

7046501868

Tax Period

2024-01-01 to 2024-12-31

THE EMPOWERMENT ACADEMY OF CHARLOTTE INC, founded in 2020, is a small nonprofit in the Religion sector that reported $272K in total revenue in fiscal year 2024. The organization ran a surplus of $203K, a strong 75% operating margin.

Mission

THE SPECIFIC PURPOSE FOR WHICH THE COPRORATION IS INITIALLY ORGANIZED IS TO ESTABLISH AND OPERATE A CHRISTIAN SCHOOL SERVING PRE-K-12TH GRADE STUDENTS AND TO ALSO ENGAGE IN ACTIVITIES WHICH ARE NECESSARY, SUITABLE OR CONVENIENT FOR THE ACCOMPLISHMENT OF THAT PURPOSE.

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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 $271,786

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $271,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,954

Fundraising Expenses $0

Program Expenses $68,974

Other Expenses $59,020

TOTAL EXPENSES $68,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$271,786	N/A	N/A
Expenses	$68,974	N/A	N/A
Net Income	$202,812	N/A	N/A

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

N/A

Independent Members

N/A

Employees

N/A

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	Role	Reportable Comp	Other Comp	Total
ANTONIO WILDER	DIRECTOR	Officer	$0	$0	$0
LESONYA WILDER	DIRECTOR	Officer	$0	$0	$0
CRYSTAL WILBURN	PRESIDENT	Officer	$0	$0	$0
MICHAEL FIGGERS	VICE PRESIDENT	Officer	$0	$0	$0
AMOUEL BRACKETT	TREASURER	Officer	$0	$0	$0
GARY HENDERSON	SECRETARY	Officer	$0	$0	$0
MARK JERRELL	N/A	Officer	$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	$271,786	$68,974	$337,860	$202,812
2023	$345,010	$265,431	$135,048	$79,579
2022	$222,470	$167,129	$55,469	$55,341

THE EMPOWERMENT ACADEMY OF CHARLOTTE INC