KONOCTI CHRISTIAN ACADEMY (EIN 202590602) - 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

2005

Legal Domicile

Principal Officer

DAVID RASNER

Phone

7072621522

Tax Period

2024-07-01 to 2025-06-30

KONOCTI CHRISTIAN ACADEMY, founded in 2005, is a small nonprofit in the Education sector that reported $828K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

EDUCATION GRADES K-8

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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 $30,582

Program Service Revenue $720,240

Investment Income $0

Other Revenue $77,555

TOTAL REVENUE $828,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $579,712

Fundraising Expenses $0

Program Expenses $725,173

Other Expenses $270,630

TOTAL EXPENSES $850,342

Year-over-Year Comparison

	2024	2023	Change
Revenue	$828,377	$728,757	+0.1%
Expenses	$850,342	$751,999	+0.1%
Net Income	$-21,965	$-23,242	-0.1%

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

N/A

Employees

N/A

Volunteers

N/A

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
DAVID RASNER	President	10.00	Director	$0	$0	$0
CHRIS APLET	Treasurer	10.00	Director	$0	$0	$0
NARDIA SOKOL	Secretary	10.00	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	$828,377	$850,342	$1,650,383	$-21,965
2024	$728,757	$751,999	$1,338,052	$-23,242
2023	$858,740	$819,967	$384,845	$38,773
2022	$633,628	$513,233	$323,323	$120,395
2021	$380,510	$409,741	$147,689	$-29,231
2021	$437,896	$407,850	$207,154	$30,046
2020	$508,797	$416,566	$176,920	$92,231
2019	$432,839	$394,456	$84,687	$38,383
2018	$370,406	$348,507	$45,841	$21,899

KONOCTI CHRISTIAN ACADEMY