FRIENDSHIP CHRISTIAN SCHOOL INC (EIN 271779695) - 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

2010

Legal Domicile

Phone

4046410798

Tax Period

2024-07-01 to 2025-06-30

FRIENDSHIP CHRISTIAN SCHOOL INC, founded in 2010, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.0M left a modest 13% surplus.

Mission

FRIENDSHIP CHRISTIAN SCHOOL , INC OPERATES AS PRIVATE CHRISTIAN SCHOOL IN FORSYTH COUNTY , GA.FCS IS ACCREDITED SCHOOL WITH GRADES K THROUGH 12 AND PRESCHOOL PROGRAM FOR 2 TO 5 YEAR OLDS. THE SCHOOL CONDUCTS CLASSROOM LEARNING AT ITS FACILITIES .

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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 $248,934

Program Service Revenue $3,725,263

Investment Income $53,450

Other Revenue $567,029

TOTAL REVENUE $4,594,676

Expense Breakdown

Grants Paid $494,125

Salaries & Benefits $2,492,322

Fundraising Expenses $0

Program Expenses $3,978,501

Other Expenses $992,054

TOTAL EXPENSES $3,978,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,594,676	$4,048,877	+0.1%
Expenses	$3,978,501	$4,419,303	-0.1%
Net Income	$616,175	$-370,426	-2.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
BRYAN L PILLSBURY	TRUSTEE	Director	$0	$0	$0
MICHAEL ZHIGAYLO	TRUSTEE	Director	$0	$0	$0
GARY STILWAGON	TRUSTEE	Director	$0	$0	$0
VASILY LANTUKH	CEO EXECUTIVE ADMIN	Officer	$0	$0	$0
DAVID SHEARN	CFO	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	$4,594,676	$3,978,501	$1,994,554	$616,175
2024	$4,048,877	$4,419,303	$1,158,514	$-370,426
2023	$4,305,271	$4,282,577	$1,682,260	$22,694
2022	$4,028,482	$4,005,893	$1,732,049	$22,589
2021	$3,058,278	$3,249,836	$242,669	$-191,558
2020	$3,901,863	$4,091,315	$555,589	$-189,452
2019	$4,358,522	$4,430,010	$181,389	$-71,488
2018	$4,163,666	$4,109,407	$467,964	$54,259

FRIENDSHIP CHRISTIAN SCHOOL INC