Friends of Christian Education Foundation (EIN 260510741) - 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

2007

Legal Domicile

Principal Officer

Brent Holcombe

Phone

9704941022

Tax Period

2024-08-01 to 2025-07-31

Friends of Christian Education Foundation, founded in 2007, is a small nonprofit in the Education sector that reported $908K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $819K left a modest 10% surplus.

Mission

Supported Organization - Heritage Christian Academy (EIN 26-0624806), a K-12 school providing academic and spiritual instruction in northern Colorado.

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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 $22,749

Program Service Revenue $875,091

Investment Income $10,068

Other Revenue $0

TOTAL REVENUE $907,908

Expense Breakdown

Grants Paid $148,605

Salaries & Benefits $0

Fundraising Expenses $100

Program Expenses $811,330

Other Expenses $670,550

TOTAL EXPENSES $819,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$907,908	$817,771	+0.1%
Expenses	$819,155	$673,416	+0.2%
Net Income	$88,753	$144,355	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brent Holcombe	President	10.00	Officer Director	$0	$0	$0
Ed Hermsen	Vice President	10.00	Officer Director	$0	$0	$0
Jerie Schwab	Treasurer	5.00	Officer Director	$0	$0	$0
Jessica Daley	Secretary	1.00	Officer 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	$907,908	$819,155	$6,395,495	$88,753
2024	$817,771	$673,416	$6,393,691	$144,355
2023	$745,831	$683,739	$6,406,693	$62,092
2022	$742,379	$533,193	$6,444,566	$209,186
2021	$634,305	$537,820	$6,443,900	$96,485
2020	$660,959	$462,657	$3,518,603	$198,302
2019	$623,126	$585,917	$3,332,221	$37,209
2018	$601,486	$550,279	$3,474,107	$51,207

Friends of Christian Education Foundation