KING'S ACADEMY (EIN 260087299) - 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

2004

Legal Domicile

Principal Officer

WENDY LEWIS

Phone

2815617400

Tax Period

2022-08-01 to 2023-07-31

KING'S ACADEMY, founded in 2004, is a small nonprofit in the Education sector that reported $360K in total revenue in fiscal year 2022. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $913K exceeded revenue, resulting in a 153% operating deficit.

Mission

To transform lives through Christ-centered education providing a nurturing and inclusive community that fosters academic excellence, personal growth, and spiritual development.

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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 (2022)

Revenue Breakdown

Contributions & Grants $48,158

Program Service Revenue $252,122

Investment Income $58,859

Other Revenue $947

TOTAL REVENUE $360,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $549,261

Fundraising Expenses $25,198

Program Expenses $692,861

Other Expenses $363,246

TOTAL EXPENSES $912,507

Year-over-Year Comparison

	2022	2021	Change
Revenue	$360,086	$1,594,835	-0.8%
Expenses	$912,507	$1,078,145	-0.2%
Net Income	$-552,421	$516,690	-2.1%

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

$99,146

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	0.50	Officer Director	$0	$0	$0
Jack O'Connnor	Treasurer	0.50	Officer Director	$0	$0	$0
Ernie Carter	Director	0.50	Director	$0	$0	$0
Hal Chappelle	Director	0.50	Director	$0	$0	$0
Tolu Olumuyiwa	Director	0.50	Director	$0	$0	$0
Joe Partain	Director	0.50	Director	$0	$0	$0
Susan Trainor	Director	0.50	Director	$0	$0	$0
Wendy Lewis	Head of School	40.00	Officer	$99,146	$0	$99,146

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	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

KING'S ACADEMY