Full Circle Academy Inc

EIN: 851015778 501(c)(3) Education

Fargo, ND

Total Revenue
$618,984
Total Expenses
$538,972
Total Assets
$114,615
Net Assets
$11,011
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
ND
Principal Officer
Rachel Haman
Phone
7014780221
Tax Period
2024-01-01 to 2024-12-31

Full Circle Academy Inc, founded in 2020, is a small nonprofit in the Education sector that reported $619K in total revenue in fiscal year 2024. Revenue surged 152% from the prior year, signaling strong growth momentum. Expenses of $539K left a modest 13% surplus.

Mission

To empower our students and their families to achieve lasting, positive change in each of their lives: socially, emotionally, physically, and intellectually.

Program Service Accomplishments

Program 1
Expenses: $524,708 Revenue: $492,318

Full Circle Academy (FCA) works to empower our students and their families to achieve lasting, positive, change in each of their lives: socially, emotionally, physically, and intellectually. During...

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Full Circle Academy (FCA) works to empower our students and their families to achieve lasting, positive, change in each of their lives: socially, emotionally, physically, and intellectually. During the 2023-24 school year, FCA had 6 students enrolled with the academy. 3 being placed privately with parents and 3 through the school district. All 6 children are on full days of school with suspensions occurring causing a reduction in learning time. For the 2024-2025 school year, FCA started with 6 students enrolled. 3 being placed privately with parents on full days, 2 through the school district on full days, and 1 student on a one-hour day through the school district. At this time, FCA has had no school suspensions causing a reduction of learning time.

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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 $113,941
Program Service Revenue $492,318
Investment Income $24
Other Revenue $12,701
TOTAL REVENUE $618,984

Expense Breakdown

Grants Paid $120,470
Salaries & Benefits $126,737
Fundraising Expenses $651
Program Expenses $524,708
Other Expenses $291,765
TOTAL EXPENSES $538,972

Year-over-Year Comparison

2024 2023 Change
Revenue $618,984 $246,044 +1.5%
Expenses $538,972 $262,472 +1.1%
Net Income $80,012 $-16,428 -5.9%
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
4
Independent Members
2
Employees
2
Volunteers
10

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
3
$86,337
Total Directors
4
$153,840
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Samantha Bachmeier Chairman 0.10
Officer Director
$0 $0 $0
Linzey Erickson Secretary 0.10
Officer Director
$0 $0 $0
Rachel Haman Treasurer 2.00
Officer Director
$0 $2,291 $86,337
Jaclyn Martinson Director 0.10
Director
$0 $6,337 $67,503
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 $618,984 $538,972 $114,615 $80,012
2023 $246,044 $262,472 $63,999 $-16,428
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