VFMA ACADEMY

EIN: 923171024 501(c)(3) Education

WAYNE, PA

Total Revenue
$5,756,974
Total Expenses
$7,462,061
Total Assets
$458,002
Net Assets
$-2,614,827
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
PA
Principal Officer
JOHN LANETTI
Phone
6109891200
Tax Period
2024-07-01 to 2025-06-30

VFMA ACADEMY, founded in 2022, is a community nonprofit in the Education sector that reported $5.8M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $7.5M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO EDUCATE CADETS, IN AN ACADEMIC AND MILITARY ENVIRONMENT, TO BE FULLY PREPARED FOR THEIR RESPONSIBILITIES AS CITIZEN LEADERS WHO ARE MENTALLY ALERT, SOUND IN BODY, CONSIDERATE OF OTHERS AND POSSESSED OF LOVE OF GOD AND COUNTRY,HIGH MORAL STANDARDS AND STRONG CHARACTER TRAITS THAT WILL\ MAKE ALL A CREDIT TO THEMSELVES, THEIR FAMILIES, THEIR ALMA MATER, THEIR COUNTRY, AND THEIR GOD.

Program Service Accomplishments

Program 1
Expenses: $5,016,602 Revenue: $4,437,691

VALLEY FORGE PROVIDES CADETS WITH AN EDUCATIONAL EXPERIENCE BUILT ON OUR FIVE CORNERSTONES: ACADEMIC EXCELLENCE, CHARACTER DEVELOPMENT, PERSONAL MOTIVATION, PHYSICAL DEVELOPMENT, AND LEADERSHIP. A...

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VALLEY FORGE PROVIDES CADETS WITH AN EDUCATIONAL EXPERIENCE BUILT ON OUR FIVE CORNERSTONES: ACADEMIC EXCELLENCE, CHARACTER DEVELOPMENT, PERSONAL MOTIVATION, PHYSICAL DEVELOPMENT, AND LEADERSHIP. A VALLEY FORGE EDUCATION IS ROOTED IN QUALITY ACADEMIC PROGRAMS SUPPORTED BY LEADERSHIP RESPONSIBILITIES AND STRONG ATHLETIC AND EXTRACURRICULAR OPPORTUNITIES. THE ACADEMY HOSTED 108 STUDENTS DURING THE YEAR.

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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 $968,735
Program Service Revenue $4,437,691
Investment Income $847
Other Revenue $349,701
TOTAL REVENUE $5,756,974

Expense Breakdown

Grants Paid $1,233,430
Salaries & Benefits $2,461,046
Fundraising Expenses $148,124
Program Expenses $5,016,602
Other Expenses $3,767,585
TOTAL EXPENSES $7,462,061

Year-over-Year Comparison

2024 2023 Change
Revenue $5,756,974 $6,865,648 -0.2%
Expenses $7,462,061 $7,775,235 0.0%
Net Income $-1,705,087 $-909,587 +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

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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
5
Independent Members
5
Employees
51
Volunteers
5

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
5
$124,588
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COL STUART HELGESON BOARD MEMBER (END 5/2025) 20.00
Director
$0 $0 $0
GRAY BECK BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES MCGEORGE BOARD MEMBER 1.00
Director
$0 $0 $0
PETER VISCARDO BOARD MEMBER 1.00
Director
$0 $0 $0
LAUREN WOCHOK HEAD OF SCHOOL (END 9/2024) 40.00
Officer
$110,409 $14,179 $124,588
JOHN LANETTI TREASURER 20.00
Officer
$0 $0 $0
DAVID CUMMINS CHAIRMAN (END 1/2025); MEMBER (FY 2025) 1.00
Officer
$0 $0 $0
KATHERINE NEWSOM HEAD OF SCHOOL (START 2/2025) 40.00
Officer
$0 $0 $0
WILLIAM FLOYD CHAIRMAN (BEGINNING 1/2025) 1.00
Officer
$0 $0 $0
AARON BARKLEY ASSISTANT DEAN 40.00
Highest
$105,443 $0 $105,443
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 $5,756,974 $7,462,061 $458,002 $-1,705,087
2024 $6,865,648 $7,775,235 $513,408 $-909,587
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