HAW RIVER CHRISTIAN ACADEMY INC

EIN: 208542860 501(c)(3) Education

PITTSBORO, NC

Total Revenue
$1,912,565
Total Expenses
$1,710,483
Total Assets
$1,219,723
Net Assets
$1,209,299
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NC
Principal Officer
PENNY HULL
Phone
9195334139
Tax Period
2024-07-01 to 2025-06-30

HAW RIVER CHRISTIAN ACADEMY INC, founded in 2008, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 11% surplus.

Mission

OUR MISSION IS TO EDUCATE STUDENTS WITH A CHRIST-CENTERED FOUNDATION AND EXCELLENT CLASSICAL ACADEMICS WHILE ENCOURAGING STUDENTS TO DISCOVER THEIR UNIQUE GODLY DESIGN, PURPOSE, AND CALLING.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $542,370
Program Service Revenue $1,321,040
Investment Income $26,112
Other Revenue $23,043
TOTAL REVENUE $1,912,565

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,088,171
Fundraising Expenses $134,880
Program Expenses $1,437,840
Other Expenses $622,312
TOTAL EXPENSES $1,710,483

Year-over-Year Comparison

2024 2023 Change
Revenue $1,912,565 $1,590,364 +0.2%
Expenses $1,710,483 $1,324,252 +0.3%
Net Income $202,082 $266,112 -0.2%
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

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Governance

Voting Members
6
Independent Members
1
Employees
36
Volunteers
125

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PENNY HULL PRESIDENT 25.00
Officer Director
$0 $0 $0
PETE DEICHLER VICE PRESIDENT 15.00
Officer Director
$0 $0 $0
KELLY JACOBY SECRETARY 10.00
Officer Director
$0 $0 $0
ELIZABETH MAUNEY BOARD MEMBER 5.00
Director
$0 $0 $0
MICHAEL TRAVARS BOARD MEMBER 5.00
Director
$0 $0 $0
TRIPP CRAYTON INTERIM BOARD MEMBER 5.00
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 $1,912,565 $1,710,483 $1,219,723 $202,082
2024 $1,590,364 $1,324,252 $1,065,584 $266,112
2023 $986,666 $1,083,895 $809,862 $-97,229
2022 $1,217,923 $970,688 $859,046 $247,235
2021 $1,020,125 $706,586 $600,534 $313,539
2020 $669,658 $687,440 $376,273 $-17,782
2019 $647,831 $534,749 $302,536 $113,082
2018 $492,120 $487,015 $189,746 $5,105
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