LEMMON TREE ACADEMY

EIN: 990951859 501(c)(3) Education

RALEIGH, NC

Total Revenue
$270,316
Total Expenses
$12,446
Total Assets
$277,870
Net Assets
$277,870
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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
2024
Legal Domicile
NC
Principal Officer
MARSHA HARGETTE
Phone
9198458880
Tax Period
2024-07-01 to 2025-06-30

LEMMON TREE ACADEMY, founded in 2024, is a small nonprofit in the Education sector that reported $270K in total revenue in fiscal year 2024. Revenue surged 1251% from the prior year, signaling strong growth momentum. The organization ran a surplus of $258K, a strong 95% operating margin.

Mission

PROVIDE LIFE-CHANGING EDUCATION AND THERAPY TO CHILDREN WITH SPECIAL NEEDS.

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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 $106,000
Program Service Revenue $164,191
Investment Income $125
Other Revenue $0
TOTAL REVENUE $270,316

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $200
Other Expenses $12,446
TOTAL EXPENSES $12,446

Year-over-Year Comparison

2024 2023 Change
Revenue $270,316 $20,002 +12.5%
Expenses $12,446 $44 +281.9%
Net Income $257,870 $19,958 +11.9%
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

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Governance

Voting Members
21
Independent Members
21
Employees
N/A
Volunteers
40

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
7
$383,311
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN HUGHES BOARD CHAIR 0.50
Officer Director
$0 $0 $0
MARTHA DERBYSHIRE VICE CHAIR 0.50
Officer Director
$0 $0 $0
TREY BAILEY SECRETARY 0.50
Officer Director
$0 $0 $0
MEREDITH KEYES TREASURER/ FINANCE COMMITT 0.50
Officer Director
$0 $0 $0
MATT ARNOLD BOARD MEMBER 0.50
Director
$0 $0 $0
AMY BRITT BOARD MEMBER 0.50
Director
$0 $0 $0
ANGIE BUCHANAN BOARD MEMBER 0.50
Director
$0 $0 $0
ETTA BUCKMAN BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID CARRIER BOARD MEMBER 0.50
Director
$0 $0 $0
ADAM DERBYSHIRE BOARD MEMBER 0.50
Director
$0 $0 $0
BARRY GARDNER BOARD MEMBER 0.50
Director
$0 $0 $0
PAUL HART BOARD MEMBER 0.50
Director
$0 $0 $0
EMILY HODGES BOARD MEMBER 0.50
Director
$0 $0 $0
MIKE NICHOLS BOARD MEMBER 0.50
Director
$0 $0 $0
JOE PATTERSON BOARD MEMBER 0.50
Director
$0 $0 $0
LEE PRYOR BOARD MEMBER 0.50
Director
$0 $0 $0
DR LILY ROGERS HARRIS BOARD MEMBER 0.50
Director
$0 $0 $0
JUDGE VINCE ROZIER BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL THOMAS BOARD MEMBER 0.50
Director
$0 $0 $0
DOUG WARF BOARD MEMBER 0.50
Director
$0 $0 $0
PAUL WARREN BOARD MEMBER 0.50
Director
$0 $0 $0
REBECCA SMITH SCHOOL DIRECTOR 15.00
Officer
$0 $5,399 $111,523
MARSHA HARGETTE EXECUTIVE DIRECTOR 30.00
Officer
$0 $7,467 $175,291
PETE EKENSTIERNA FINANGE MANAGER 30.00
Officer
$0 $3,820 $96,497
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 $270,316 $12,446 $277,870 $257,870
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