Oak City Academy (EIN 320287816) - 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

Phone

9198157742

Tax Period

2024-07-01 to 2025-06-30

Oak City Academy, founded in 2009, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $2.4M left a modest 3% surplus.

Mission

To provide classical Christian education for the urban community for grades Pre-K through 12th grade.

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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 $115,032

Program Service Revenue $2,326,843

Investment Income $1,576

Other Revenue $67,601

TOTAL REVENUE $2,511,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,616,508

Fundraising Expenses $307

Program Expenses $1,913,052

Other Expenses $818,494

TOTAL EXPENSES $2,435,002

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,511,052	$1,718,770	+0.5%
Expenses	$2,435,002	$1,783,753	+0.4%
Net Income	$76,050	$-64,983	-2.2%

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

Volunteers

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
Danny Breed	Head of School	40.00	Highest	$125,112	$0	$125,112
Aisha Bakkar	Board Chair	1.00	Officer Director	$0	$0	$0
Renee Jones	Secretary	1.00	Officer Director	$0	$0	$0
Matt Hillegass	Treasurer	1.00	Officer Director	$0	$0	$0
Robert Touchton	Board Member	1.00	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	$2,511,052	$2,435,002	$4,727,600	$76,050
2024	No data	No data	No data	No data
2023	$1,418,981	$1,332,501	$2,888,330	$86,480
2022	$1,431,170	$1,281,440	$1,535,901	$149,730
2021	$1,446,211	$1,031,880	$1,369,204	$414,331
2020	$1,318,734	$874,150	$650,282	$444,584
2019	$776,178	$638,010	$204,078	$138,168

Oak City Academy