Academy31 Inc (EIN 882231192) - 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

Kimberly Wilson

Phone

9199778920

Tax Period

2023-07-01 to 2024-06-30

Academy31 Inc, founded in 2022, is a small nonprofit in the Education sector that reported $241K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $216K left a modest 10% surplus.

Mission

The organization operates a private Christian school education program for girls grades 5 through 12 in North Carolina to help students achieve a quality education through a faith-based environment.

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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 $135,305

Program Service Revenue $105,613

Investment Income $0

Other Revenue $0

TOTAL REVENUE $240,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,490

Fundraising Expenses $2,000

Program Expenses $140,115

Other Expenses $69,948

TOTAL EXPENSES $216,438

Year-over-Year Comparison

	2023	2022	Change
Revenue	$240,918	$312,640	-0.2%
Expenses	$216,438	$26,733	+7.1%
Net Income	$24,480	$285,907	-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

$25,440

Total Directors

$25,440

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kimberly Wilson	President	60.00	Officer Director	$25,440	$0	$25,440
Sherry Fowler	Secretary	1.00	Officer Director	$0	$0	$0
Gary Johnson	Treasurer	1.00	Officer Director	$0	$0	$0
Jane Zempel	Director	1.00	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
2025	No data	No data	No data	No data
2024	$240,918	$216,438	$176,890	$24,480
2023	$312,640	$26,733	$279,536	$285,907

Academy31 Inc