Monument Academy
Nonprofit profile at a glance
- EIN
- 270014128
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Monument, CO, USA
- Phone
- 7194811950
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $18,866,485
- Expenses
- $15,506,558
- Assets
- $12,718,019
- Liabilities
- $17,762,258
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Ryan Graham (President)
- Lindsey Clinton (Vice-President)
Highest reported compensation
- Collin Vinchattle (Principal and Executive Di): $124,864 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See Schedule OThe mission of Monument Academy is to provide a challenging, content-rich, academic program offered within an engaging, caring, and positive learning environment. Established on a solid foundation of knowledge, Monument Academy emphasizes academic excellence, respect, responsibility, character and exemplary citizenship.
What it reported doing in 2024
Monument Academy provides educational services for approximately 1,183 preschool through 12th grade students.
Operating model
- Revenue model
- Earned-program. 72% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 100
- Accountability: 95
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.2%; rating input score 68
- Program expense ratio: 83.8%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 17.8%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 0.82; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: 1.4; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0.8%; rating input score 87; 87th percentile among comparable filings
Growth
- Program expense growth: 19.2% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 14.5% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 9.9% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 68.2% of revenue deployed · 83.8% of spending went to programs
- Governance: 7 of 7 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $13M in reported program spending
- Leadership: top reported pay $125K · 8 people listed
- Highest-paid contractors: 5 contractors listed · $1.1M reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 filed related-organization links
- 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.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- High — Sustainability: Liabilities to assets ratio scored 2/100.