FOUNDATIONS CHRISTIAN ACADEMY (EIN 270585199) - 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

2009

Legal Domicile

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

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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 (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

Governance

Voting Members

Independent Members

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

$85,823

Total Directors

$85,823

Key Employees

Highest Compensated

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

FOUNDATIONS CHRISTIAN ACADEMY