THE KOINONIA ACADEMY (EIN 222540662) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

PHIL TOMASELLO

Phone

9086689002

Tax Period

2022-07-01 to 2023-06-30

THE KOINONIA ACADEMY, founded in 1984, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2022. Revenue surged 242% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 73% operating margin.

Mission

KOINONIA ACADEMY, FOUNDED IN 1984, IS A PRE K-12 PRIVATE CATHOLIC SCHOOL PROCLAIMING THAT JESUS IS LORD AND FOSTERING A SPIRITUAL AND ACADEMIC ENVIRONMENT DEDICATED TO TRAINING CHILDREN TO KNOW, LOVE AND SERVE THE LORD. THE PHILOSOPHY OF KOINONIA ACADEMY IS ROOTED IN THE GOSPEL OF JESUS CHRIST AND THE PRINCIPLES OF THE ROMAN CATHOLIC CHURCH. KOINONIA ACADEMY IS COMMITTED TO PROVIDING AN EDUCATIONAL ENVIRONMENT THAT SUPPORTS CHRISTIAN VALUES TAUGHT BY PARENTS, ASSISTS PARENTS IN FORMING CHILDREN INTO MATURE CHRSITIANS, HELPS STUDENTS GROW IN A PERSONAL RELATIONSHIP WITH JESUS CHRIST, TEACHES STUDENTS HOW TO LOVE GOD AND ONE ANOTHER, TO LOVE AND SERVE THE CHURCH AND HELPS THEM ASSUME PERSONAL RESPONSIBILITY FOR THE CONSEQUENCES OF THEIR ACTIONS. KOINONIA DOES THIS THROUGH A BALANCED PROGRAM OF PRAYER, ACADEMIC STUDY, THE ARTS, SPORTS, SCHOOL SPECIAL EVENTS AND SERVICE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $741,179

Program Service Revenue $1,160,119

Investment Income $3,976,596

Other Revenue $604,560

TOTAL REVENUE $6,482,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,104,599

Fundraising Expenses $0

Program Expenses $1,484,986

Other Expenses $660,354

TOTAL EXPENSES $1,764,953

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,482,454	$1,897,687	+2.4%
Expenses	$1,764,953	$1,655,535	+0.1%
Net Income	$4,717,501	$242,152	+18.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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
GREGORY ALLEN	PRESIDENT	4.00	Officer Director	$0	$0	$0
MICHAEL TEMPLE	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
PHIL TOMASELLO	TREASURER	4.00	Officer Director	$0	$0	$0
VALERIE TORKELSON	TRUSTEE	4.00	Director	$0	$0	$0
PETER MOCCIA	TRUSTEE	4.00	Director	$0	$0	$0
LISA CLEMENTE	TRUSTEE	4.00	Director	$0	$0	$0
MIRIAM SIVERIO	TRUSTEE	4.00	Director	$0	$0	$0
FATHER JOHN GORDON	TRUSTEE	4.00	Director	$0	$0	$0
MATTHEW CLEMENTE	TRUSTEE	4.00	Director	$0	$0	$0
SARA KNOB	TRUSTEE	4.00	Director	$0	$0	$0
CHRIS CONANT	TRUSTEE	4.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,482,454	$1,764,953	$6,048,109	$4,717,501
2022	$1,897,687	$1,655,535	$2,078,143	$242,152
2021	$1,313,129	$1,429,933	$1,156,332	$-116,804
2020	$2,196,146	$1,248,709	$1,356,423	$947,437
2019	$1,145,800	$1,337,823	$523,529	$-192,023

THE KOINONIA ACADEMY