Immaculata Classical Academy Inc

EIN: 273305618 501(c)(3) Education

Louisville, KY

Total Revenue
$1,139,657
Total Expenses
$1,233,027
Total Assets
$2,436,525
Net Assets
$2,436,525
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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
KY
Principal Officer
Nicholas Kenney
Phone
5023844131
Tax Period
2022-06-01 to 2023-05-31

Immaculata Classical Academy Inc, founded in 2010, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2022. Revenue fell 68% from the prior year — a significant decline worth monitoring. Net assets of $2.4M represent 26 months of operating reserves.

Mission

To provide education to all children focusing on children with Downs Syndrome

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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 (2022)

Revenue Breakdown

Contributions & Grants $269,666
Program Service Revenue $869,991
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,139,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $952,575
Fundraising Expenses $0
Program Expenses $1,233,027
Other Expenses $280,452
TOTAL EXPENSES $1,233,027

Year-over-Year Comparison

2022 2021 Change
Revenue $1,139,657 $3,607,725 -0.7%
Expenses $1,233,027 $1,165,680 +0.1%
Net Income $-93,370 $2,442,045 -1.0%
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
9
Independent Members
8
Employees
35
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
6
$80,513
Total Directors
8
$80,513
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Justin Fout Director 65.00
Officer Director
$80,513 $0 $80,513
Fr Matthew Hardesty Director 10.00
Director
$0 $0 $0
Brian Moss Director 7.00
Officer Director
$0 $0 $0
Michael Michalak Treasurer 7.00
Officer Director
$0 $0 $0
James Albrecht Secretary 7.00
Officer Director
$0 $0 $0
Gregory Buccola Director 7.00
Director
$0 $0 $0
Dr Nicholas Kenney President 30.00
Officer Director
$0 $0 $0
Brian Moss Director 7.00
Director
$0 $0 $0
Penny Michalak Director 7.00
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 No data No data No data No data
2023 $1,139,657 $1,233,027 $2,436,525 $-93,370
2023 $1,356,150 $1,671,441 $2,121,234 $-315,291
2022 $3,607,725 $1,165,680 $2,529,895 $2,442,045
2021 $1,039,312 $955,448 $251,508 $83,864
2020 $868,013 $759,714 $140,695 $108,299
2019 $949,484 $917,832 $35,812 $31,652
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