BEREAN CHRISTIAN ACADEMY INC (EIN 200732533) - 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

Formation Year

2004

Legal Domicile

Principal Officer

KEVIN KEELING

Phone

4172369088

Tax Period

2023-07-01 to 2024-06-30

BEREAN CHRISTIAN ACADEMY INC, founded in 2004, is a small nonprofit in the Education sector that reported $511K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Net assets of $1.0M represent 24 months of operating reserves.

Mission

OPERATE A PRIVATE CHRISTIAN SCHOOL FOR GRADES K-12

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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 (2023)

Revenue Breakdown

Contributions & Grants $56,860

Program Service Revenue $454,079

Investment Income $201

Other Revenue $0

TOTAL REVENUE $511,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $381,718

Fundraising Expenses $0

Program Expenses $509,260

Other Expenses $127,542

TOTAL EXPENSES $509,260

Year-over-Year Comparison

	2023	2022	Change
Revenue	$511,140	$595,734	-0.1%
Expenses	$509,260	$554,358	-0.1%
Net Income	$1,880	$41,376	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE HALL	DIRECTOR	N/A	Director	$0	$0	$0
JEFF SCOTT	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL BRITTENHAM	SECRETARY	N/A	Officer	$0	$0	$0
DOUG CLIFTON	VP	N/A	Officer	$0	$0	$0
JAMES HOENSHELL	TREASURER	N/A	Officer	$0	$0	$0
KEVIN KEELING	PRESIDENT	N/A	Officer	$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
2024	$511,140	$509,260	$1,186,635	$1,880
2022	$516,370	$477,246	$1,154,952	$39,124
2021	$488,062	$429,410	$1,148,236	$58,652
2020	$458,618	$441,072	$1,185,056	$17,546
2019	$464,156	$387,589	$1,140,456	$76,567

BEREAN CHRISTIAN ACADEMY INC