Code Academy (EIN 852838551) - 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

Tammy Lynne Spencer

Phone

8327670915

Tax Period

2023-01-01 to 2023-12-31

Code Academy, founded in 2020, is a small nonprofit in the Education sector that reported $665K in total revenue in fiscal year 2023. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $637K left a modest 4% surplus.

Mission

To provide access to dyslexia therapy and literacy education.

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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 $133,387

Program Service Revenue $508,293

Investment Income $0

Other Revenue $23,353

TOTAL REVENUE $665,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $326,760

Fundraising Expenses $174,117

Program Expenses $380,710

Other Expenses $310,337

TOTAL EXPENSES $637,097

Year-over-Year Comparison

	2023	2022	Change
Revenue	$665,033	$349,055	+0.9%
Expenses	$637,097	$358,089	+0.8%
Net Income	$27,936	$-9,034	-4.1%

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

$63,692

Total Directors

$63,692

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tammy Spencer	CEO	40.00	Officer Director	$59,500	$4,192	$63,692
Shelby Kolmeier	Director	1.00	Officer	$0	$0	$0
Richard Spencer	Director	5.00	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	No data	No data	No data	No data
2023	$665,033	$637,097	$83,762	$27,936
2022	$349,055	$358,089	$81,179	$-9,034

Code Academy