EXPLORE ACADEMY - PEORIA (EIN 921656719) - 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

2020

Legal Domicile

Principal Officer

NONA JAYNE SHAW

Phone

6024412297

Tax Period

2024-07-01 to 2025-06-30

EXPLORE ACADEMY - PEORIA, founded in 2020, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 225% from the prior year, signaling strong growth momentum. Expenses of $2.1M exceeded revenue, resulting in a 64% operating deficit.

Mission

EXPLORE WITH US, TO TEACH STUDENTS IN AN INNOVATIVE AND CREATIVE WAY THAT HAS NEVER BEEN SEEN BEFORE IN EDUCATION.

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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 $724,037

Program Service Revenue $544,374

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,268,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $841,759

Fundraising Expenses $0

Program Expenses $1,524,431

Other Expenses $1,240,074

TOTAL EXPENSES $2,081,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,268,411	$390,002	+2.3%
Expenses	$2,081,833	$382,256	+4.4%
Net Income	$-813,422	$7,746	-106.0%

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

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

$33,429

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDSEY BAILEY	HEAD OF SCHO	40.00	Officer	$33,429	$0	$33,429
CARMEN HILL-MEKOBA	DIRECTOR	2.00	Director	$0	$0	$0
HILARY KIRSCH	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERTA MANLEY	DIRECTOR	2.00	Director	$0	$0	$0
NONA JAYNE SHAW	CHAIR	2.00	Officer Director	$0	$0	$0
DR MEGAN WOODS	CURRENT BOAR	10.00	Officer 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	$1,268,411	$2,081,833	$7,101,474	$-813,422
2024	$390,002	$382,256	$133,795	$7,746

EXPLORE ACADEMY - PEORIA