CHRISTIAN ACADEMY OF MADISON (EIN 205927709) - 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

Principal Officer

ERIC GOSMAN

Phone

8122735000

Tax Period

2023-01-01 to 2023-12-31

CHRISTIAN ACADEMY OF MADISON is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $967K left a modest 13% surplus.

Mission

THE PRIMARY EXEMPT PURPOSE IS TO WORK COOPERATIVELY WITH THE STUDENT'S HOME AND CHURCH TO PROVIDE A BIBLICALLY-BASED, CHRIST-CENTERED LEARNING ENVIRONMENT WHICH PROMOTES SPRIRITUAL MATURITY, ACADEMIC EXCELLENCE AND PERSONAL GROWTH.

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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 $44,743

Program Service Revenue $1,058,842

Investment Income $0

Other Revenue $2,261

TOTAL REVENUE $1,105,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $591,021

Fundraising Expenses $0

Program Expenses $966,502

Other Expenses $375,481

TOTAL EXPENSES $966,502

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,105,846	$1,059,310	+0.0%
Expenses	$966,502	$961,291	+0.0%
Net Income	$139,344	$98,019	+0.4%

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

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
LEIGH CARTER	SECRETARY	N/A	Officer Director	$0	$0	$0
DAVID GOSMAN	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
ERIC GOSMAN	PRESIDENT	N/A	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
2024	No data	No data	No data	No data
2023	$1,105,846	$966,502	$252,828	$139,344
2022	$1,059,310	$961,291	$123,816	$98,019
2021	$788,416	$808,378	$44,488	$-19,962
2020	$733,150	$732,648	$48,283	$502
2019	$808,342	$736,064	$47,752	$72,278
2018	$733,094	$746,712	$31,407	$-13,618

CHRISTIAN ACADEMY OF MADISON