CENTER FOR ACADEMIC SUCCESS INC (EIN 860910328) - 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

1999

Legal Domicile

Principal Officer

VADA PHELPS

Phone

5204589309

Tax Period

2024-07-01 to 2025-06-30

CENTER FOR ACADEMIC SUCCESS INC, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $14.4M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

TO PLAN, DESIGN, IMPLEMENT, CONDUCT AND EVALUATE A CHARTER SCHOOL, TO INCLUDE, EMPLOYMENT AND TRAINING ACTIVITIES.

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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 $14,321,763

Program Service Revenue $0

Investment Income $52

Other Revenue $35,117

TOTAL REVENUE $14,356,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,643,735

Fundraising Expenses $0

Program Expenses $12,616,868

Other Expenses $3,826,337

TOTAL EXPENSES $14,470,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,356,932	$16,973,506	-0.2%
Expenses	$14,470,072	$15,320,586	-0.1%
Net Income	$-113,140	$1,652,920	-1.1%

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

N/A

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

$116,440

Total Directors

$116,440

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VADA PHELPS	DIRECTOR	40.00	Officer Director	$0	$0	$116,440
GEORGE SELF	SECRETARY	4.00	Officer Director	$0	$0	$0
DORIS TOLBERT	PRESIDENT	4.00	Officer Director	$0	$0	$0
ABE VILLARREAL	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
ROBERT YANCEY	TREASURER	4.00	Officer 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
2025	$14,356,932	$14,470,072	$22,061,399	$-113,140
2024	$16,973,506	$15,320,586	$22,805,100	$1,652,920
2023	$16,162,226	$13,855,570	$21,574,807	$2,306,656
2022	$14,364,088	$13,324,598	$19,363,444	$1,039,490
2021	$12,993,576	$12,142,821	$18,278,347	$850,755
2020	$11,937,246	$11,064,331	$17,606,456	$872,915

CENTER FOR ACADEMIC SUCCESS INC