REACH ACADEMY LEARNING CENTER

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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

Phone

2149245997

Tax Period

2024-08-01 to 2025-07-31

REACH ACADEMY LEARNING CENTER, founded in 2021, is a small nonprofit in the Education sector that reported $245K in total revenue in fiscal year 2024.

Mission

REACH ACADEMY EXISTS TO EMPOWER AND EDUCATE YOUNG MINDS TO BECOME GOD-HONORING, SUCCESSFUL LEADERS REGARDLESS OF SOCIOECONOMIC STATUS. REACH ACADEMY PROVIDES HOLISTIC EDUCATION FOR PRE-K THROUGH SIXTH GRADE, ROOTED IN CHRISTIAN VALUES.

Program Service Accomplishments

Program 1

Expenses: $119,143

PROVIDE PRIVATE SCHOOL EDUCATION FOR STUDENTS FROM PRE-KINDERGARTEN TO SIXTH GRADE.

Program 2

Expenses: $73,318

PROVIDE SUMMER CAMP ACTIVITIES FOR STUDENTS AGES 5-18 YEARS.

Program 3

Expenses: $36,659

PROVIDE AFTER-SCHOOL CARE FOR ELEMENTARY SCHOOL STUDENTS.

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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 $129,898

Program Service Revenue $114,676

Investment Income $0

Other Revenue $0

TOTAL REVENUE $244,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,955

Fundraising Expenses $15,244

Program Expenses $229,120

Other Expenses $86,439

TOTAL EXPENSES $247,394

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,574	$257,229	0.0%
Expenses	$247,394	$264,699	-0.1%
Net Income	$-2,820	$-7,470	-0.6%

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

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

$15,121

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMALA BARDLETT	SECRETARY	40.00	Officer	$15,121	$0	$15,121
ROBERT RICE	PRESIDENT	40.00	Officer	$0	$0	$0
SONYA RICE	TREASURER	40.00	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
2025	$244,574	$247,394	$1,554	$-2,820
2024	$257,229	$264,699	$4,374	$-7,470
2023	$280,499	$280,224	$15,926	$275
2022	$88,126	$71,460	$16,666	$16,666