CHRIST'S LEGACY ACADEMY INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $894,741 Revenue: $604,606

CLASSICAL CHRISTIAN EDUCATION IS AN APPORACH TO LEARNING THAT EMPHASIZES BIBLICAL TEACHINGS, FOCUSES ON THE CLASSICAL LIBERAL ARTS, AND PROGRESSES THROUGHT RIGOROUS CURRICULUM THAT COMPLIMENTS THE...

CLASSICAL CHRISTIAN EDUCATION IS AN APPORACH TO LEARNING THAT EMPHASIZES BIBLICAL TEACHINGS, FOCUSES ON THE CLASSICAL LIBERAL ARTS, AND PROGRESSES THROUGHT RIGOROUS CURRICULUM THAT COMPLIMENTS THE NATURAL WAY CHILDREN GROW AND PROCESS INFORMATION. IT INCORPORATES A TEACHING MODEL FROM THE CLASSICAL EDUCATION MOVEMENT KNOW AS THE TRIVIUM, CONSISTING OF THREE PARTS.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$117,190

Total Directors

Key Employees

Highest Compensated

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