Island Christian Academy (EIN 262474316) - 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

2008

Legal Domicile

Principal Officer

Matt Chambers

Tax Period

2021-01-01 to 2021-12-31

Island Christian Academy, founded in 2008, is a small nonprofit that reported $720K in total revenue in fiscal year 2021. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $620K left a modest 14% surplus.

Mission

Educating students preschool through 12th grade by leading them towards a strong biblical, spiritual, ethical and academic foundation. ICA is committed to creating in students an awareness of their significance and value to God; thus developing their desire for high standards.

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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 (2021)

Revenue Breakdown

Contributions & Grants $104,145

Program Service Revenue $588,699

Investment Income $1,134

Other Revenue $25,724

TOTAL REVENUE $719,702

Expense Breakdown

Grants Paid $36,108

Salaries & Benefits $478,433

Fundraising Expenses $0

Program Expenses $543,449

Other Expenses $105,744

TOTAL EXPENSES $620,285

Year-over-Year Comparison

	2021	2020	Change
Revenue	$719,702	$543,561	+0.3%
Expenses	$620,285	$515,554	+0.2%
Net Income	$99,417	$28,007	+2.5%

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

$49,768

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brenda Chittim	School Principal	40.00	Officer	$49,768	$0	$49,768
Nancy Thompson	Director	0.25	Director	$0	$0	$0
Jim Schultz	Director	0.25	Director	$0	$0	$0
Matt Chambers	DirectorPresident	5.00	Officer Director	$0	$0	$0
Bobbi Sandberg	DirectorSecretary - Treasure	0.25	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
2021	$719,702	$620,285	No data	$99,417
2020	$543,561	$515,554	$213,213	$28,007
2019	$660,231	$609,909	$196,823	$50,322
2018	$519,258	$496,609	$136,012	$22,649

Island Christian Academy