FIRST ACADEMY

EIN: 922259561 501(c)(3) Human Services

TAYLOR, TX

Total Revenue
$836,608
Total Expenses
$822,621
Total Assets
$96,269
Net Assets
$96,269
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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
TX
Principal Officer
BRADY COLLIER
Phone
5123523668
Tax Period
2023-08-01 to 2024-07-31

FIRST ACADEMY, founded in 2022, is a small nonprofit in the Human Services sector that reported $837K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

FIRST ACADEMY PROVIDES A SAFE AND NURTURING ENVIRONMENT THAT PROMOTES THE PHYSICAL, SOCIAL, EMOTIONAL, MENTAL, AND SPIRITUAL DEVELOPMENT OF YOUNG PEOPLE, ALLOWING THEM TO GROW AND DEVELOP TO BE PROBLEM SOLVERS. THE ORGANIZATION IS FORMED EXCLUSIVELY FOR CHILDCARE TO ALLOW FOR PARENTS TO BE GAINFULLY EMPLOYED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $872
Program Service Revenue $835,736
Investment Income $0
Other Revenue $0
TOTAL REVENUE $836,608

Expense Breakdown

Grants Paid $0
Salaries & Benefits $718,395
Fundraising Expenses $0
Program Expenses $822,621
Other Expenses $104,226
TOTAL EXPENSES $822,621

Year-over-Year Comparison

2023 2022 Change
Revenue $836,608 $666,617 +0.3%
Expenses $822,621 $641,129 +0.3%
Net Income $13,987 $25,488 -0.5%
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
7
Independent Members
7
Employees
49
Volunteers
2

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MABEL BIRRAN DIRECTOR N/A
Director
$0 $0 $0
BRADY COLLIER CHAIR N/A
Officer Director
$0 $0 $0
SARAH MCARTHUR TREASURER N/A
Officer Director
$0 $0 $0
AARON MULLINS DIRECTOR N/A
Director
$0 $0 $0
JENNIFER NUNAMAKER SECRETARY N/A
Officer Director
$0 $0 $0
TERRY ROBERTS DIRECTOR N/A
Director
$0 $0 $0
KEVIN WIDMER DIRECTOR N/A
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 $836,608 $822,621 $96,269 $13,987
2023 $666,617 $641,129 $98,862 $25,488
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