POTOMAC ACADEMY CORP

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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

Principal Officer

Iche Chiu

Phone

2027700600

Tax Period

2024-01-01 to 2024-12-31

POTOMAC ACADEMY CORP, founded in 2021, is a small nonprofit that reported $219K in total revenue in fiscal year 2024. Revenue surged 357% from the prior year, signaling strong growth momentum. The organization ran a surplus of $182K, a strong 83% operating margin.

Mission

To educate young students by providing training and hands-on experiences in business skills, entrepreneurship, and leadership development, with the goal of preparing them to become innovative, responsible, and effective leaders in their communities.

Program Service Accomplishments

Program 1

Expenses: $30,892 Revenue: $218,705

This summers entrepreneurship camp successfully engaged young students in developing core business and leadership skills through interactive workshops, team projects, and mentorship sessions...

This summers entrepreneurship camp successfully engaged young students in developing core business and leadership skills through interactive workshops, team projects, and mentorship sessions. Participants created and pitched their own business ideas, gaining hands-on experience in planning, problem-solving, and collaboration. Many students demonstrated significant growth in confidence and entrepreneurial thinking, with several projects showing strong potential for real-world application.

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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 $218,705

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $218,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,550

Program Expenses $30,892

Other Expenses $37,192

TOTAL EXPENSES $37,192

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,705	$47,850	+3.6%
Expenses	$37,192	$11,208	+2.3%
Net Income	$181,513	$36,642	+4.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jasper Li	Director	0.00	Director	$0	$0	$0
Leo Liao	Director	0.00	Director	$0	$0	$0
Iche Chiu	Executive Director	2.00	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	$218,705	$37,192	$261,363	$181,513