CHRISTIAN LIFE ACADEMY INC (EIN 251317366) - 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

1992

Legal Domicile

Principal Officer

CRISTY MCCANDLESS

Phone

8146769360

Tax Period

2023-08-01 to 2024-07-31

CHRISTIAN LIFE ACADEMY INC, founded in 1992, is a small nonprofit that reported $683K in total revenue in fiscal year 2023.

Mission

CHRISTIAN LIFE ACADEMY SUPPORTS CHRISTIAN FAMILIES BY PROVIDING A BIBLICALLY BASED EDUCATION THAT DEVELOPS INDIVIDUAL ACADEMIC EXCELLENCE. WE SEEK TO FORM YOUNG MEN AND WOMEN WHO WILL KNOW AND SERVE THE LORD JESUS CHRIST WITH ALL THEIR HEART, MIND AND STRENGTH.

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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 $324,054

Program Service Revenue $348,606

Investment Income $3,392

Other Revenue $6,987

TOTAL REVENUE $683,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $410,033

Fundraising Expenses $34,532

Program Expenses $481,878

Other Expenses $267,333

TOTAL EXPENSES $677,366

Year-over-Year Comparison

	2023	2022	Change
Revenue	$683,039	$699,724	0.0%
Expenses	$677,366	$634,367	+0.1%
Net Income	$5,673	$65,357	-0.9%

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

$29,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE HEIM	PRESIDENT	3.00	Officer Director	$0	$0	$0
ADAM TYGERT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DALE SORENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
HEIDI BLACK	SECRETARY	1.00	Officer Director	$0	$0	$0
REAGAN FAIR	BOARD MEMBER	1.00	Director	$0	$0	$0
ALI MONTGOMERY	BOARD MEMBER	1.00	Director	$0	$0	$0
CRISTY MCCANDLESS	PRINCIPAL	40.00	Officer	$29,400	$0	$29,400

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	$683,039	$677,366	$914,768	$5,673
2023	$699,724	$634,367	$944,426	$65,357
2022	$751,317	$636,154	$948,219	$115,163
2021	$550,230	$591,564	$815,761	$-41,334
2020	$610,414	$520,723	$853,207	$89,691
2019	$556,275	$552,472	$787,853	$3,803
2018	$463,224	$554,780	$784,535	$-91,556

CHRISTIAN LIFE ACADEMY INC