CALVARY CHRISTIAN SCHOOLS

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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

2012

Legal Domicile

Principal Officer

PATRICK COLUNGA

Phone

2318652141

Tax Period

2024-07-01 to 2025-06-30

CALVARY CHRISTIAN SCHOOLS, founded in 2012, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 25% operating deficit.

Mission

PROVIDE AN EXEMPLARY CHRIST-CENTERED EDUCATION EQUIPPING STUDENTS WITH TRUTHS, KNOWLEDGE, SKILLS AND VALUES THAT ADVANCE THE PURSUIT OF GOD'S PURPOSE FOR THEIR LIVES.

Program Service Accomplishments

Program 1

Expenses: $1,669,880 Revenue: $1,318,058

PROVIDE PRESCHOOL THROUGH 12TH GRADE EDUCATION WHOSE REQUIRED STANDARDIZED EXAMINATIONS INDICATE EDUCATIONAL PROGRESS THAT EXCEED STATE AVERAGE ALONG WITH A FULL RANGE OF EXTRA-CIRCULAR ACTIVITIES.

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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 $248,172

Program Service Revenue $1,281,863

Investment Income $-138,176

Other Revenue $1,208

TOTAL REVENUE $1,393,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $846,018

Fundraising Expenses $0

Program Expenses $1,669,880

Other Expenses $890,489

TOTAL EXPENSES $1,736,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,393,067	$1,706,437	-0.2%
Expenses	$1,736,507	$1,481,042	+0.2%
Net Income	$-343,440	$225,395	-2.5%

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

150

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN BRITTON	SECRETARY	2.00	Officer Director	$0	$0	$0
ANDY CARLSON	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK COLUNGA	PRESIDENT	5.00	Officer Director	$0	$0	$0
DERRIN DERRICK	TRUSTEE	2.00	Director	$0	$0	$0
CRAIG GURR	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
BRIAN MICHELLI	TRUSTEE	2.00	Director	$0	$0	$0
STACEY NEWMYER	TRUSTEE	2.00		$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	$1,393,067	$1,736,507	$356,905	$-343,440
2024	$1,706,437	$1,481,042	$2,807,195	$225,395
2023	$1,513,844	$1,518,009	$2,683,736	$-4,165
2022	$1,781,222	$1,571,570	$2,780,307	$209,652
2021	$1,520,085	$1,429,661	$2,725,682	$90,424
2020	$1,465,659	$1,387,720	$2,672,820	$77,939
2019	$1,444,222	$1,451,305	$2,576,702	$-7,083
2018	$1,249,555	$1,333,191	$2,633,180	$-83,636