Carbon Valley Academy

Carbon Valley Academy faces significant liabilities despite consistent revenue, with recent expenses exceeding income.

EIN: 202488853 · Frederick, CO · NTEE: B29 · Updated: 2026-03-28

$3.4MRevenue

$9.2MAssets

70/100Mission Score (Good)

B29

About Carbon Valley Academy

Carbon Valley Academy (EIN: 202488853) is a nonprofit organization based in Frederick, CO, classified under NTEE code B29. The organization reported total revenue of $3.4M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carbon Valley Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Carbon Valley Academy demonstrates a mixed financial picture. While the organization has shown consistent revenue generation, with the latest reported revenue at $3,442,293, its financial health is significantly impacted by substantial liabilities. In the 202306 period, liabilities reached $12,843,037, exceeding assets of $10,527,055, indicating a negative net asset position. This trend of liabilities often surpassing assets has been observed in several past filings, suggesting a reliance on debt or other obligations.

Spending efficiency appears to be a concern, particularly in the most recent filing where expenses ($3,633,921) exceeded revenue ($3,557,896), resulting in a deficit. This follows a period of strong surplus in 202106 where revenue ($2,142,672) significantly outpaced expenses ($1,159,562). The organization's NTEE code B29 suggests it is a K-12 school, and the lack of reported officer compensation across all filings indicates a potential for strong program focus, though the specific breakdown of program, administrative, and fundraising expenses is not provided in the summary data. The consistent reporting of 0% officer compensation suggests a commitment to directing funds towards its mission rather than executive salaries.

Transparency regarding executive compensation is excellent, with no reported officer compensation across all available filings. However, the overall financial transparency could be enhanced by providing more detailed breakdowns of expenses to fully assess spending efficiency. The significant and fluctuating liabilities, particularly the jump from $5,532,835 in 202206 to $12,843,037 in 202306, warrant further investigation to understand their nature and impact on the organization's long-term sustainability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Carbon Valley Academy with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Carbon Valley Academy allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Carbon Valley Academy consistently reports 0% officer compensation across all available filings, indicating that no portion of its revenue is allocated to executive salaries, which is highly commendable for a nonprofit of its size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Carbon Valley Academy's IRS 990 filings:

Significant and growing liabilities, exceeding assets in multiple periods (e.g., 202306 liabilities of $12,843,037 vs. assets of $10,527,055).
Expenses exceeding revenue in the most recent filing (202306 expenses of $3,633,921 vs. revenue of $3,557,896), indicating a deficit.
Large fluctuations in assets and liabilities year-over-year, particularly the jump in liabilities from 202206 to 202306, which warrants further scrutiny.

Strengths

The following positive indicators were identified for Carbon Valley Academy:

Consistent revenue generation, with the latest reported revenue at $3,442,293.
Zero reported officer compensation across all filings, indicating a strong commitment to program spending over executive salaries.
History of significant surpluses in some periods (e.g., 202106 revenue of $2,142,672 vs. expenses of $1,159,562).

Frequently Asked Questions about Carbon Valley Academy

Is Carbon Valley Academy financially stable given its high liabilities?

The organization's financial stability is questionable due to consistently high liabilities, which have often exceeded assets. For example, in 202306, liabilities were $12,843,037 against assets of $10,527,055. This indicates a negative net asset position that could pose long-term risks.

How does Carbon Valley Academy manage its expenses?

Expense management shows variability. In 202306, expenses ($3,633,921) exceeded revenue ($3,557,896), leading to a deficit. However, in 202106, the organization reported a significant surplus with revenue of $2,142,672 against expenses of $1,159,562. The lack of detailed expense breakdowns makes a full assessment challenging.

What caused the significant increase in liabilities in 202306?

Liabilities dramatically increased from $5,532,835 in 202206 to $12,843,037 in 202306. Without further detail from the full IRS 990 filing, the specific cause (e.g., new debt, capital projects, deferred revenue) cannot be determined, but it represents a substantial financial shift.

Is the lack of officer compensation a positive indicator?

Yes, the consistent reporting of 0% officer compensation across all filings is a strong positive indicator, suggesting that the organization prioritizes directing its financial resources directly to its programs and mission rather than executive salaries.

Filing History

IRS 990 filing history for Carbon Valley Academy showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2023), Carbon Valley Academy's revenue has grown by 17.7%, moving from $3.0M to $3.6M. Total assets increased by 1108.9% over the same period, from $871K to $10.5M. Total functional expenses rose by 26.5%, from $2.9M to $3.6M. In its most recent filing year (2023), Carbon Valley Academy reported a deficit of $76K, with expenses exceeding revenue. The organization holds $12.8M in liabilities against $10.5M in assets (debt-to-asset ratio: 122.0%), resulting in net assets of $-2,315,982.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.6M	$3.6M	$10.5M	$12.8M	—	—
2022	$2.6M	$2.4M	$2.3M	$5.5M	—	View 990
2021	$2.1M	$1.2M	$1.4M	$4.9M	—	View 990
2020	$2.3M	$1.7M	$1.3M	$5.8M	—	—
2018	$2.6M	$4.1M	$3.4M	$9.0M	—	View 990
2017	$2.4M	$3.8M	$4.1M	$7.9M	—	View 990
2016	$2.6M	$2.9M	$1.9M	$4.3M	—	View 990
2015	$2.6M	$2.7M	$1.8M	$3.9M	—	View 990
2014	$2.6M	$2.5M	$1.2M	$249K	—	View 990
2013	$2.9M	$2.6M	$939K	$145K	—	View 990
2012	$2.4M	$2.6M	$678K	$137K	—	View 990
2011	$3.0M	$2.9M	$871K	$114K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.6M, expenses of $3.6M, and assets of $10.5M (revenue +36.2% year-over-year).
2022: Revenue of $2.6M, expenses of $2.4M, and assets of $2.3M (revenue +21.9% year-over-year).
2021: Revenue of $2.1M, expenses of $1.2M, and assets of $1.4M (revenue -5.9% year-over-year).
2020: Revenue of $2.3M, expenses of $1.7M, and assets of $1.3M (revenue -11.6% year-over-year).
2018: Revenue of $2.6M, expenses of $4.1M, and assets of $3.4M (revenue +6.4% year-over-year).
2017: Revenue of $2.4M, expenses of $3.8M, and assets of $4.1M (revenue -7.2% year-over-year).
2016: Revenue of $2.6M, expenses of $2.9M, and assets of $1.9M (revenue -0.5% year-over-year).
2015: Revenue of $2.6M, expenses of $2.7M, and assets of $1.8M (revenue -0.1% year-over-year).
2014: Revenue of $2.6M, expenses of $2.5M, and assets of $1.2M (revenue -8.8% year-over-year).
2013: Revenue of $2.9M, expenses of $2.6M, and assets of $939K (revenue +19.0% year-over-year).
2012: Revenue of $2.4M, expenses of $2.6M, and assets of $678K (revenue -20.1% year-over-year).
2011: Revenue of $3.0M, expenses of $2.9M, and assets of $871K.

Data Sources and Methodology

This transparency report for Carbon Valley Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.