THE CLASSICAL ACADEMY

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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

1999

Legal Domicile

Principal Officer

CAMERON CURRY

Phone

7604809845

Tax Period

2022-07-01 to 2023-06-30

THE CLASSICAL ACADEMY, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $74.8M in total revenue in fiscal year 2022. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $70.1M left a modest 6% surplus.

Mission

THE MISSION OF THE CLASSICAL ACADEMIES IS TO PARTNER WITJH PARENTS TO INSPIRE EACH STUDENT TO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, AND ACHIEVE EXCELLENCE BY PROVIDING ACADEMIC CHOICE.

Program Service Accomplishments

Program 1

Expenses: $55,765,012

THE CLASSICAL ACADEMY, INC OPERATES TWO SEPARATE CHARTER SCHOOL (K-8), ONE HIGH SCHOOL, AND ONE ONLINE SCHOOL. IT ASSISTS PARENTS IN THEIR MISSION TO DEVELOP EXEMPLARY YOUNG CITIZENS WITH SUPERIOR...

THE CLASSICAL ACADEMY, INC OPERATES TWO SEPARATE CHARTER SCHOOL (K-8), ONE HIGH SCHOOL, AND ONE ONLINE SCHOOL. IT ASSISTS PARENTS IN THEIR MISSION TO DEVELOP EXEMPLARY YOUNG CITIZENS WITH SUPERIOR ACADEMIC PROFICIENCY, ANALYTICAL THINKING SKILLS, A PASSION FOR LEARNING AND VIRTUOUS CHARACTER, ALL BUILT UPON A SOLID FOUNDATION OF KNOWLEDGE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $74,404,893

Program Service Revenue $0

Investment Income $385,091

Other Revenue $0

TOTAL REVENUE $74,789,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,944,526

Fundraising Expenses $0

Program Expenses $55,765,012

Other Expenses $21,178,300

TOTAL EXPENSES $70,122,826

Year-over-Year Comparison

	2022	2021	Change
Revenue	$74,789,984	$41,486,182	+0.8%
Expenses	$70,122,826	$40,832,245	+0.7%
Net Income	$4,667,158	$653,937	+6.1%

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

838

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

$586,330

Total Directors

Key Employees

$782,774

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK REARDON	PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL DONOVAN JR	SECRETARY	2.00	Officer Director	$0	$0	$0
ANGIE MOSTELLAR	TREASURER	2.00	Officer Director	$0	$0	$0
MARK DONAR	MEMBER AT LARGE	2.00	Director	$0	$0	$0
VALERIE JAUREGUI	MEMBER AT LARGE	2.00	Director	$0	$0	$0
CAMERON CURRY	CEO	40.00	Officer	$324,158	$55,987	$380,145
CARMENCITA M CONIGLIO	CFO	40.00	Officer	$191,473	$14,712	$206,185
MARK S KALPAKGIAN	COO	40.00	Key Emp	$192,907	$8,239	$201,146
JALYN HALL	CHIEF INSTRUCTIONAL OFFICER	40.00	Key Emp	$179,240	$9,497	$188,737
DAVID A MEYER	CHIEF ACADEMIC OFFICER	40.00	Key Emp	$179,240	$19,101	$198,341
CORINNA L COFFEY	DIRECTOR OF STUDENT SUPPORT	40.00	Key Emp	$174,518	$20,032	$194,550
DANA MOEN	PRINCIPAL	40.00	Highest	$150,490	$0	$150,490
MARCY CASHIN	PRINCIPAL	40.00	Highest	$143,240	$0	$143,240
KIRSTIN LASTO	PRINCIPAL	40.00	Highest	$137,990	$0	$137,990
JANNIFER MORROW	PRINCIPAL	40.00	Highest	$131,740	$0	$131,740
KENNA MOLINA	PRINCIPAL	40.00	Highest	$129,943	$0	$129,943

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	No data	No data	No data	No data
2023	$74,789,984	$70,122,826	$151,742,414	$4,667,158
2022	$41,486,182	$40,832,245	$89,006,527	$653,937
2021	$34,177,017	$32,295,312	$75,670,985	$1,881,705
2020	$31,931,456	$29,929,296	$38,902,112	$2,002,160
2019	$31,292,144	$29,126,750	$35,306,707	$2,165,394
2018	$13,757,363	$14,501,389	$29,141,435	$-744,026