VICTORY ACADEMY OF TOLEDO (EIN 881004975) - 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

2022

Legal Domicile

Principal Officer

MELINDA BENKOVSKY

Phone

4194428455

Tax Period

2023-07-01 to 2024-06-30

VICTORY ACADEMY OF TOLEDO, founded in 2022, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 104% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

WE, THE STAFF OF VICTORY ACADEMY OF TOLEDO, ARE COMMITTED TO ENGAGING STUDENTS, PARENTS, AND THE COMMUNITY IN A UNIFIED EFFORT TO ACCOMPLISH EDUCATIONAL EXCELLENCE. FOSTERING A GROWTH MINDSET WITHIN OUR LEARNERS AND HELPING THEM TO RECOGNIZE THEIR WORTH AND THE POTENTIAL THEY HAVE TO MAKE A POSITIVE IMPACT. EMBRACING DIVERSITY IN A SAFE ENVIRONMENT THAT IS CONDUCIVE TO LEARNING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,411,550

Program Service Revenue $0

Investment Income $0

Other Revenue $24,007

TOTAL REVENUE $1,435,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $654,546

Fundraising Expenses $0

Program Expenses $1,420,921

Other Expenses $955,217

TOTAL EXPENSES $1,609,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,435,557	$702,553	+1.0%
Expenses	$1,609,763	$1,205,860	+0.3%
Net Income	$-174,206	$-503,307	-0.7%

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

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
RACHEL HANNON	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHELLE SHEPHARD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHERYL MECCHI	SECRETARY	2.00	Officer Director	$0	$0	$0
VINCENT RICCARDI	TREASURER	2.00	Officer Director	$0	$0	$0
DIANA BUSH	MEMBER	2.00	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	$1,435,557	$1,609,763	$1,042,739	$-174,206
2023	$702,553	$1,205,860	$554,694	$-503,307

VICTORY ACADEMY OF TOLEDO