TRUE NORTH ACADEMY INC (EIN 871457747) - 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

2021

Legal Domicile

Principal Officer

Fredrica Wood

Phone

4074625654

Tax Period

2024-08-01 to 2025-07-31

TRUE NORTH ACADEMY INC, founded in 2021, is a small nonprofit in the Education sector that reported $274K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $245K left a modest 11% surplus.

Mission

True North Academy is a homeschool cooperative that meets 2 days a week for Academic classes and 1 day a week for Enrichment classes, such as arts and STEM. We bring homeschooling parents together in community and provide support in the education of their children.

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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 $8,998

Program Service Revenue $265,292

Investment Income $0

Other Revenue $0

TOTAL REVENUE $274,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,050

Fundraising Expenses $0

Program Expenses $233,637

Other Expenses $76,841

TOTAL EXPENSES $244,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,290	$172,088	+0.6%
Expenses	$244,891	$156,398	+0.6%
Net Income	$29,399	$15,690	+0.9%

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

$31,053

Total Directors

$38,767

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Roxana M Dickerson	Academy Director	40	Officer Director	$17,261	$0	$17,261
Fredrica D Wood	Assistant Academy Director	40	Officer Director	$13,792	$0	$13,792
Robert A Wood	Founder/Chaplain/ Teacher	15	Director	$4,500	$0	$4,500
Tiffany Williams	Trustee/ Teacher	24	Director	$3,214	$0	$3,214
Derick Thompson	Board Chairman	10.00	Director	$0	$0	$0
Roberto Rinaldi	Vice Chairman	5	Director	$0	$0	$0
Dixie Thompson	Trustee	5	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	$274,290	$244,891	$44,893	$29,399

TRUE NORTH ACADEMY INC