10X ACADEMY FOUNDATION

EIN: 861722293 501(c)(3)

ESCONDIDO, CA

Total Revenue
$346,140
Total Expenses
$717,883
Total Assets
N/A
Net Assets
N/A
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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
2021
Legal Domicile
CA
Principal Officer
GARRETT PAGON III
Phone
7602378137
Tax Period
2024-01-01 to 2024-12-31

10X ACADEMY FOUNDATION, founded in 2021, is a small nonprofit that reported $346K in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $718K exceeded revenue, resulting in a 107% operating deficit.

Mission

10X PROJECT PROVIDES EDUCATIONAL SERVICES TO UNDERSERVED COMMUNITIES

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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 $300,000
Program Service Revenue $47,938
Investment Income $-1,798
Other Revenue $0
TOTAL REVENUE $346,140

Expense Breakdown

Grants Paid $0
Salaries & Benefits $367,452
Fundraising Expenses $0
Program Expenses $672,238
Other Expenses $350,431
TOTAL EXPENSES $717,883

Year-over-Year Comparison

2024 2023 Change
Revenue $346,140 $1,728,499 -0.8%
Expenses $717,883 $1,551,286 -0.5%
Net Income $-371,743 $177,213 -3.1%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARRETT D PAGON III EXECUTIVE DIR/TREASURER 10.00
Officer Director
$0 $0 $0
JOHN ESTRIDGE DIRECTOR/SECRETARY 10.00
Officer Director
$0 $0 $0
STEVE MARTIN DIRECTOR/VICE-PRESIDENT 10.00
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
2024 $346,140 $717,883 No data $-371,743
2023 $1,728,499 $1,551,286 $417,640 $177,213
2022 $1,541,344 $1,440,874 $202,353 $100,470
2021 $405,003 $311,274 $99,180 $93,729
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