NOVA CLASSICAL ACADEMY (EIN 260035570) - 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

2001

Legal Domicile

Principal Officer

Brett Wedlund

Phone

6512096320

Tax Period

2024-07-01 to 2025-06-30

NOVA CLASSICAL ACADEMY, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $15.8M in total revenue in fiscal year 2024.

Mission

Offering a rigorous, through, systematic, and challenging classical education to K-12 students.

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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 $15,035,427

Program Service Revenue $480,888

Investment Income $260,016

Other Revenue $0

TOTAL REVENUE $15,776,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,729,565

Fundraising Expenses $0

Program Expenses $13,757,939

Other Expenses $5,759,989

TOTAL EXPENSES $15,489,554

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,776,331	$15,911,570	0.0%
Expenses	$15,489,554	$14,632,684	+0.1%
Net Income	$286,777	$1,278,886	-0.8%

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

179

Volunteers

121

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

$461,623

Total Directors

$264,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Brett Wedlund	Executive Director	40	Officer	$194,406	$24,912	$219,318
Dr Missy Johnson	Academic Director	40	Officer	$117,346	$17,761	$135,107
Becky Lund	Secretary	40	Officer Director	$91,471	$15,727	$107,198
Shannon Hooge	Member	40	Director	$74,400	$14,034	$88,434
Chris Shepard	Member	40	Director	$63,579	$5,714	$69,293
Suzanne McInroy	Chair	2	Officer Director	$0	$0	$0
Bavi Weston	Vice Chair	2	Officer Director	$0	$0	$0
Todd Sample	Treasurer	2	Officer Director	$0	$0	$0
Colleen Hansen	Member	2	Director	$0	$0	$0
Heather Meeker	Member	2	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	$15,776,331	$15,489,554	$11,424,359	$286,777
2024	No data	No data	No data	No data
2023	$14,524,941	$11,365,472	$10,961,240	$3,159,469
2022	$12,089,324	$11,218,431	$8,567,440	$870,893
2021	$12,699,443	$11,690,757	$8,913,460	$1,008,686
2020	$11,552,863	$12,146,265	$10,690,395	$-593,402
2019	$11,312,208	$11,526,284	$9,777,404	$-214,076
2018	$10,792,717	$12,996,969	$12,565,509	$-2,204,252

NOVA CLASSICAL ACADEMY