The Freedom Academy Foundation (EIN 134255839) - Form 990 Financial Analysis & Trantor Score

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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

Legal Domicile

Principal Officer

Grayson Wolf

Phone

8014373100

Tax Period

2024-07-01 to 2025-06-30

The Freedom Academy Foundation is a mid-sized nonprofit in the Education sector that reported $27.9M in total revenue in fiscal year 2024.

Mission

Kindergarten through 12th grade charter school in the State of Utah.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,307

Program Service Revenue $27,486,915

Investment Income $370,870

Other Revenue $0

TOTAL REVENUE $27,885,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,073,915

Fundraising Expenses $0

Program Expenses $24,399,738

Other Expenses $13,820,242

TOTAL EXPENSES $27,894,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,885,092	$26,182,910	+0.1%
Expenses	$27,894,157	$26,182,813	+0.1%
Net Income	$-9,065	$97	-94.5%

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

Governance

Voting Members

Independent Members

Employees

346

Volunteers

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

$298,457

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ervin Ivie	Director	40.00	Officer	$172,486	$0	$172,486
Grayson Wolf	Exec. Director	40.00	Officer	$125,971	$0	$125,971
Matthew Fullmer	Principal	40.00		$108,202	$0	$108,202
April Dean	Nutrition Director	40.00		$105,819	$0	$105,819
Karla Snow	Asst Principal	40.00		$103,450	$0	$103,450
Lindsay Owen	CFO	3.00	Officer Director	$0	$0	$0
Paul Baltes	Member	1.00	Director	$0	$0	$0
Keith Powers	Member	1.00	Director	$0	$0	$0
Rex Galbraith	Member	1.00	Director	$0	$0	$0
Austin Anderson	CAO	3.00	Officer Director	$0	$0	$0

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	$27,885,092	$27,894,157	$59,816,528	$-9,065
2024	$26,182,910	$26,182,813	$66,156,573	$97
2023	$26,434,172	$25,241,120	$65,545,272	$1,193,052
2022	$22,213,905	$23,746,975	$63,049,119	$-1,533,070
2021	$19,577,542	$20,277,491	$64,742,070	$-699,949
2020	$16,301,229	$17,108,041	$50,922,260	$-806,812
2019	$15,331,123	$15,868,680	$51,561,470	$-537,557
2018	$11,954,113	$13,415,845	$51,885,197	$-1,461,732

The Freedom Academy Foundation