KING'S ACADEMY

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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

2004

Legal Domicile

Principal Officer

WENDY LEWIS

Phone

2815617400

Tax Period

2024-08-01 to 2025-07-31

KING'S ACADEMY, founded in 2004, is a small nonprofit in the Education sector that reported $505K in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. Expenses of $650K exceeded revenue, resulting in a 29% operating deficit.

Mission

KING'S ACADEMY EQUIPS STUDENTS TO KNOW, LOVE, AND SERVE CHRIST WHOLEHEARTEDLY WHILE FOSTERING ACADEMIC MASTERY AND A LIFELONG LOVE OF LEARNING, GROUNDED IN BIBLICAL TRUTH, WISDOM, AND INTEGRITY.

Program Service Accomplishments

Program 1

Expenses: $550,893 Revenue: $459,708

AT KINGS ACADEMY, WE BELIEVE EVERY CHILD IS CREATED WITH PURPOSE, GIFTED BY GOD, AND DESERVING OF A NURTURING ENVIRONMENT WHERE FAITH AND LEARNING GROW TOGETHER. FOR OVER 40 YEARS, OUR MISSION HAS...

AT KINGS ACADEMY, WE BELIEVE EVERY CHILD IS CREATED WITH PURPOSE, GIFTED BY GOD, AND DESERVING OF A NURTURING ENVIRONMENT WHERE FAITH AND LEARNING GROW TOGETHER. FOR OVER 40 YEARS, OUR MISSION HAS BEEN TO PARTNER WITH FAMILIES TO CULTIVATE ACADEMIC EXCELLENCE, STRONG CHARACTER, AND A LIFELONG LOVE FOR CHRIST. WITH AFFORDABLE TUITION, A WARM COMMUNITY, AND PROGRAMS DESIGNED TO SUPPORT DIVERSE LEARNERS, KINGS ACADEMY IS A PLACE WHERE EVERY STUDENT CAN THRIVE.

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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 $40,649

Program Service Revenue $459,708

Investment Income $2,026

Other Revenue $2,132

TOTAL REVENUE $504,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $367,268

Fundraising Expenses $15,525

Program Expenses $550,893

Other Expenses $283,026

TOTAL EXPENSES $650,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$504,515	$276,853	+0.8%
Expenses	$650,294	$774,875	-0.2%
Net Income	$-145,779	$-498,022	-0.7%

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

$100,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ELLIS	CHAIR	1.00	Officer Director	$0	$0	$0
MIKE MCMENNAMY	SECRETARY	1.00	Officer Director	$0	$0	$0
JACK O'CONNOR	TREASURER	1.00	Officer Director	$0	$0	$0
ERNIE CARTER	DIRECTOR	1.00	Director	$0	$0	$0
HAL CHAPPELLE	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK HUDSON	DIRECTOR	1.00	Director	$0	$0	$0
TOLU OLUMUYIWA	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN TRAINOR	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS WILKE	DIRECTOR	1.00	Director	$0	$0	$0
WENDY LEWIS	HEAD OF SCHO	40.00	Officer	$100,000	$0	$100,000

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	$504,515	$650,294	$3,890,361	$-145,779
2024	No data	No data	No data	No data
2023	$360,086	$912,507	$4,729,772	$-552,421
2022	$1,594,835	$1,078,145	$5,271,588	$516,690