THE ACADEMY SERVICES CORPORATION

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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

1997

Legal Domicile

Principal Officer

GARY FENSTERMACHER

Phone

5204444219

Tax Period

2024-01-01 to 2024-12-31

THE ACADEMY SERVICES CORPORATION, founded in 1997, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $1.7M left a modest 3% surplus.

Program Service Accomplishments

Program 1

Expenses: $1,633,414 Revenue: $1,632,825

PROVIDING ASSISTED LIVING SERVICES TO ELDERLY, FRAIL MEMBERS OF THE ARIZONA SENIOR ACADEMY. THESE SERVICES INCLUDE (1) RESIDENTIAL CARE PROVIDED BY CERTIFIED CAREGIVERS AND DIRECTORS, REGISTERED...

PROVIDING ASSISTED LIVING SERVICES TO ELDERLY, FRAIL MEMBERS OF THE ARIZONA SENIOR ACADEMY. THESE SERVICES INCLUDE (1) RESIDENTIAL CARE PROVIDED BY CERTIFIED CAREGIVERS AND DIRECTORS, REGISTERED NURSE, AND BUSINESS MANAGER; (2) FITNESS AND WELLNESS CLASSES; (3) LECTURES, CONCERTS, AND CRAFTS; (4) ON-SITE HAIR AND NAIL SALON. SERVICES ARE FEE-BASED AND MAY ALSO BE OFFERED TO NON-MEMBERS OF THE ACADEMY IN ORDER TO MAINTAIN SOLVENCY OF THE FACILITIES. SIGNIFICANT ACCOMPLISHMENTS INCLUDE, (1) EXCELLENT SAFETY RECORD; (2) STRONG, POSITIVE EVALUATIONS FROM STATE AND COUNTY INSPECTORS; (3) HIGH RESIDENT SATISFACTION; (4) STRONG POSITIVE FEEDBACK FROM FAMILIES OF RESIDENTS.

Program 2

Expenses: $51,990 Revenue: $86,000

FACILITIES MANAGEMENT. A PORTION OF THE LAND OWNED BY ASC IS LEASED TO AN ASC SUBSIDIARY (THE VILLAS AT ACADEMY VILLAGE, LLC), WHICH ALSO OWNS THE ASSISTED LIVING BUILDINGS. THIS SUBSIDIARY MAINTAINS THE PROPERTY, ENSURING A HIGH STANDARD OF MAINTENANCE, AS WELL AS RESIDENT SAFETY AND SECURITY.

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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 $250

Program Service Revenue $1,718,825

Investment Income $51,358

Other Revenue $6,000

TOTAL REVENUE $1,776,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,199,626

Fundraising Expenses $0

Program Expenses $1,685,404

Other Expenses $520,174

TOTAL EXPENSES $1,719,800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,776,433	$3,168,257	-0.4%
Expenses	$1,719,800	$1,813,396	-0.1%
Net Income	$56,633	$1,354,861	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD HOWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA PERRERA	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA ISRAEL	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALD STUMP	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS POUST	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERYL LACOSSE	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD SCHECHNER	EX OFFICIO MANAGER AV MEDICAL SERVI	2.00	Director	$0	$0	$0
PALMER EVANS	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY FENSTERMACHER	PRESIDENT	2.50	Officer Director	$0	$0	$0
TRACY NUCKOLLS	CHAIRMAN OF BOARD OF DIRECTORS	1.50	Officer Director	$0	$0	$0
LAURA WILSON	SECRETARY	1.50	Officer Director	$0	$0	$0
LORI SOMNER	N/A	0.00	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	$1,776,433	$1,719,800	$5,911,348	$56,633
2023	$3,168,257	$1,813,396	$5,847,550	$1,354,861
2022	$1,612,767	$1,610,918	$5,774,791	$1,849
2021	$1,767,337	$1,517,552	$5,843,114	$249,785
2021	$1,767,337	$1,643,209	$5,843,114	$124,128
2020	$1,726,878	$1,695,350	$5,901,144	$31,528
2019	$1,558,259	$1,509,789	$5,739,255	$48,470
2018	$1,503,953	$1,469,840	$5,691,374	$34,113