FOUNDATIONS CHRISTIAN ACADEMY

EIN: 270585199 501(c)(3) Education

FRANKLIN, TN

Total Revenue
$639,109
Total Expenses
$575,155
Total Assets
$368,666
Net Assets
$368,666
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
TN
Tax Period
2023-07-01 to 2024-06-30

FOUNDATIONS CHRISTIAN ACADEMY, founded in 2009, is a small nonprofit in the Education sector that reported $639K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $575K left a modest 10% surplus.

Mission

OUR PURPOSE IS TO PROVIDE THE HIGHEST QUALITY EDUCATION IN A CHRIST CENTERED INTERDENOMINATIONAL ENVIRONMENT THAT SUPPORTS AND ENHANCES THE HOME SCHOOL EXPERIENCE. WE EXIST TO ENCOURAGE , ENABLE, AND EMPOWER PARENTS TO EDUCATE THEIR CHILD IN A WAY THAT FIRST AND FOREMOST HONORS G

Program Service Accomplishments

Program 1
Expenses: $563,608 Revenue: $639,109

THE GOAL OF FOUNDATIONS CHRISTIAN ACADEMY IS TO PARTNER WITH THE PARENTS TO PREPARE CHILDREN FOR LIVES OF INTEGRITY, LEARNING, AND SERVICE TO THEIR COMMUNITIES. WE BELIVE THAT THE ULTIMATE...

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THE GOAL OF FOUNDATIONS CHRISTIAN ACADEMY IS TO PARTNER WITH THE PARENTS TO PREPARE CHILDREN FOR LIVES OF INTEGRITY, LEARNING, AND SERVICE TO THEIR COMMUNITIES. WE BELIVE THAT THE ULTIMATE RESPONSIBILITY FOR A CHILDS EDUCATION LIES WITH THE PARENTS. WE BELIEVE IT IS A PRIVILEGE TO PARTNER WIHT PARENTS, AND OUR DESIRE IS THAT THE PROGRAM COMPLIMENTS THE PRIMARY EDUCATION BEING OFFERED IN THE HOME. WE ACCOMPLISH THIS BY MAINTAINING THE HIGHER STANDARDS IN ACHEDMICS IN A CHRIST CENTERED ENVIRONMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $630,173
Program Service Revenue $0
Investment Income $8,936
Other Revenue $0
TOTAL REVENUE $639,109

Expense Breakdown

Grants Paid $0
Salaries & Benefits $432,243
Fundraising Expenses $0
Program Expenses $563,608
Other Expenses $142,912
TOTAL EXPENSES $575,155

Year-over-Year Comparison

2023 2022 Change
Revenue $639,109 $550,135 +0.2%
Expenses $575,155 $467,913 +0.2%
Net Income $63,954 $82,222 -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
10
Independent Members
10
Employees
N/A
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
9
$85,823
Total Directors
9
$85,823
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA ARMISTEAD DIRECTOR 30.00
Officer Director
$46,013 $0 $46,013
ALEX HENDERSON DIRECTOR 30.00
Officer Director
$39,810 $0 $39,810
HEIDI HOWERTON DIRECTOR 1.00
Officer Director
$0 $0 $0
NAE SOUNDARA DIRECTOR 1.00
Officer Director
$0 $0 $0
CLARA SOUNDARA SECRETARY 1.00
Officer Director
$0 $0 $0
MIKE HOWERTON DIRECTOR 1.00
Officer Director
$0 $0 $0
MICHELE CHANDLER DIRECTOR 1.00
Officer Director
$0 $0 $0
JUSTIN HEAD DIRECTOR 1.00
Officer Director
$0 $0 $0
JASON HENDERSON DIRECTOR 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 No data No data No data No data
2024 $639,109 $575,155 $368,666 $63,954
2023 $550,135 $467,913 $304,712 $82,222
2022 $445,450 $400,421 $222,374 $45,029
2021 $335,455 $341,920 $116,291 $-6,465
2020 $415,528 $408,671 $118,571 $6,857
2019 $456,100 $478,844 $110,384 $-22,744
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