EXCEL ACADEMY RHODE ISLAND

EIN: 874129135 501(c)(3) Education

NORTH PROVIDENCE, RI

Total Revenue
$7,555,492
Total Expenses
$6,976,382
Total Assets
$3,480,873
Net Assets
$857,146
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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
RI
Principal Officer
CHANNAVY CHHAY
Phone
4016806086
Tax Period
2024-07-01 to 2025-06-30

EXCEL ACADEMY RHODE ISLAND, founded in 2021, is a community nonprofit in the Education sector that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $7.0M left a modest 8% surplus.

Mission

THE MISSION OF EXCEL ACADEMY RHODE ISLAND IS TO PREPARE STUDENTS TO SUCCEED IN HIGH SCHOOL AND COLLEGE, TO APPLY THEIR LEARNING IN SOLVING RELEVANT PROBLEMS, AND TO ENGAGE PRODUCTIVELY IN THEIR COMMUNITY.

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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 $7,524,984
Program Service Revenue $0
Investment Income $30,502
Other Revenue $6
TOTAL REVENUE $7,555,492

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,358,064
Fundraising Expenses $0
Program Expenses $6,145,571
Other Expenses $3,618,318
TOTAL EXPENSES $6,976,382

Year-over-Year Comparison

2024 2023 Change
Revenue $7,555,492 $4,928,819 +0.5%
Expenses $6,976,382 $4,915,431 +0.4%
Net Income $579,110 $13,388 +42.3%
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
9
Independent Members
9
Employees
42
Volunteers
141

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
8
$147,232
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAYOR BRETT SMILEY CHAIR 0.80
Officer Director
$0 $0 $0
CHANNAVY CHHAY VICE CHAIR 0.80
Officer Director
$0 $0 $0
CHIV HENG TREASURER 0.80
Officer Director
$0 $0 $0
MAYOR MARIA RIVERA CLERK 0.80
Officer Director
$0 $0 $0
MAYOR CHARLES LOMBARDI BOARD MEMBER 0.80
Director
$0 $0 $0
LIZ GIORDANO BOARD MEMBER 0.80
Director
$0 $0 $0
GARY GOLDBERG BOARD MEMBER (UNTIL 11/24) 0.80
Director
$0 $0 $0
IMANI BLAKE BOARD MEMBER 0.80
Director
$0 $0 $0
LIZA CARIAGA-LO BOARD MEMBER (UNTIL 11/24) 0.80
Director
$0 $0 $0
FRANGELY ROJAS BOARD MEMBER 0.80
Director
$0 $0 $0
JAIME GREENTHAL BOARD MEMBER 0.80
Director
$0 $0 $0
KATE RING HEAD OF SCHOOL 40.00
Officer
$129,140 $18,092 $147,232
OWEN STEARNS CEO 40.00
Officer
$0 $0 $0
ANDREW SOLOMON CFO 40.00
Officer
$0 $0 $0
NINA KEOUGH CHIEF SCHOOL OFFICER 40.00
Officer
$0 $0 $0
MEGAN PERRY HEAD OF SCHOOL FELLOW 40.00
Highest
$114,418 $8,334 $122,752
PRISCILLA SANTIAGO MLL SPECIALIST 40.00
Highest
$100,161 $7,820 $107,981
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 $7,555,492 $6,976,382 $3,480,873 $579,110
2024 $4,928,819 $4,915,431 $2,337,417 $13,388
2023 $3,494,734 $3,487,825 $1,300,193 $6,909
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