CHRIST'S LEGACY ACADEMY INC

EIN: 264549317 501(c)(3) Education

ATHENS, TN

Total Revenue
$998,650
Total Expenses
$1,012,286
Total Assets
$995,896
Net Assets
$941,717
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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
2009
Legal Domicile
TN
Principal Officer
DRSHANE ARNOLD
Phone
4236490040
Tax Period
2024-07-01 to 2025-06-30

CHRIST'S LEGACY ACADEMY INC, founded in 2009, is a small nonprofit in the Education sector that reported $999K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

WE PARTNER WITH FAMILIES TO CLASSICALLY EDUCATE STUDENTS TO THINK, LIVE AND ENGAGE THE WORLD IN A MANNER THAT CONSISTENTLY BRINGS GLORY TO GOD.

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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 $396,153
Program Service Revenue $604,606
Investment Income $225
Other Revenue $-2,334
TOTAL REVENUE $998,650

Expense Breakdown

Grants Paid $0
Salaries & Benefits $744,977
Fundraising Expenses $0
Program Expenses $894,741
Other Expenses $267,309
TOTAL EXPENSES $1,012,286

Year-over-Year Comparison

2024 2023 Change
Revenue $998,650 $881,270 +0.1%
Expenses $1,012,286 $1,143,567 -0.1%
Net Income $-13,636 $-262,297 -0.9%
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
5
Independent Members
5
Employees
19
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
5
$117,190
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DRSHANE ARNOLD HEAD OF SCHO 40.00
Officer
$105,359 $11,831 $117,190
DRSAM OLSEN CHAIRMAN OF N/A
Officer Director
$0 $0 $0
JASON LUALLEN BOARD MEMBER N/A
Officer
$0 $0 $0
ROBERT RANDOLPH BOARD MEMBER N/A
Officer
$0 $0 $0
MIKE SKIERA BOARD MEMBER N/A
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 $998,650 $1,012,286 $995,896 $-13,636
2024 No data No data No data No data
2023 $1,073,171 $1,092,989 $1,289,552 $-19,818
2022 $1,305,407 $801,767 $1,299,008 $503,640
2021 $1,304,003 $759,591 $1,116,704 $544,412
2020 $829,546 $817,349 $705,930 $12,197
2019 $794,808 $764,534 $606,784 $30,274
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