CHRISTIAN FAITH ACADEMY

EIN: 262727863 501(c)(3) Education

Ashtabula, OH

Total Revenue
$272,053
Total Expenses
$292,011
Total Assets
$83,782
Net Assets
$53,319
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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
OH
Principal Officer
Joseph Cole
Phone
4409983887
Tax Period
2024-07-01 to 2025-06-30

CHRISTIAN FAITH ACADEMY, founded in 2008, is a small nonprofit in the Education sector that reported $272K in total revenue in fiscal year 2024.

Mission

CFA Exists to educate and work alongside the parents or guardians and the church to help our students live their lives committed to Jesus Christ. Our students when nurtured and educated will be challenged to think and to reason with Biblical Worldview.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,058
Program Service Revenue $220,987
Investment Income $0
Other Revenue $24,008
TOTAL REVENUE $272,053

Expense Breakdown

Grants Paid $0
Salaries & Benefits $210,435
Fundraising Expenses $0
Program Expenses $292,011
Other Expenses $81,576
TOTAL EXPENSES $292,011

Year-over-Year Comparison

2024 2023 Change
Revenue $272,053 $260,541 +0.0%
Expenses $292,011 $286,292 +0.0%
Net Income $-19,958 $-25,751 -0.2%
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

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Governance

Voting Members
3
Independent Members
3
Employees
16
Volunteers
25

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE COLE PRESIDENT 3.00
Officer
$0 $0 $0
JOHN PAUL VICE PRESIDENT 1
Officer
$0 $0 $0
ANDY KOLMAN SECRETARY 0.2
Officer
$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 $272,053 $292,011 $83,782 $-19,958
2024 No data No data No data No data
2023 $314,312 $306,299 $125,243 $8,013
2022 $237,604 $208,131 $120,165 $29,473
2021 $184,069 $162,459 $77,857 $21,610
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