Academy of Finance of Wake County Inc
Nonprofit profile at a glance
- EIN
- 421574401
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2019
- Location
- Raleigh, NC, USA
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $48,179
- Expenses
- $44,372
- Assets
- $21,121
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- Chad Collins (Academy Director)
- Brandon Brake (Advisor Board Member)
- Robert Nelson (Advisory Board Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Educational
What it reported doing in 2025
The organization allocated funds to subsidize educational trips for the classes of 2026 and 2027. Specifically financial support was provided for trips to New York for the class of 2026 Washington DC for the class of 2027 and an etiquette meal for the classes of 2028 and 2029. These subsidies aimed to enhance the students learning experiences by offering them the opportunity to explore cultural and historical sites relevant to their academic curriculum. The etiquette meal also enhanced professional development and career readiness.
Operating model
- Revenue model
- Other-operating. 63% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 82
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.8%; rating input score 82
- Program expense ratio: 88.8%; rating input score 89
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 7.9%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 19.5% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 1.3% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 19.8% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 81.8% of revenue deployed · 88.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $39K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- Review — Sustainability: Operating margin scored 58/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.