GALESBURG CHRISTIAN SCHOOL ASSOCIATION INC (EIN 371357457) - 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

1996

Legal Domicile

Principal Officer

BOB KNABEL

Phone

3093438008

Tax Period

2024-06-01 to 2025-05-31

GALESBURG CHRISTIAN SCHOOL ASSOCIATION INC, founded in 1996, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $1.7M left a modest 7% surplus.

Mission

TO PROVIDE CHILDREN IN GRADES K-12 WITH A CHRISTIAN EDUCATION

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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 $151,763

Program Service Revenue $1,535,814

Investment Income $3,680

Other Revenue $149,788

TOTAL REVENUE $1,841,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,256,834

Fundraising Expenses $17,267

Program Expenses $1,447,332

Other Expenses $451,995

TOTAL EXPENSES $1,708,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,841,045	$2,159,722	-0.1%
Expenses	$1,708,829	$1,918,943	-0.1%
Net Income	$132,216	$240,779	-0.5%

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

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
JEREMY DOWNIN	DIRECTOR	N/A	Director	$0	$0	$0
BOB KNABEL	PRESIDENT	N/A	Officer Director	$0	$0	$0
LEAH KOCH	SECRETARY	N/A	Officer Director	$0	$0	$0
JOE MILLER	VICE PRESIDE	N/A	Director	$0	$0	$0
STEVE SOMMERER	DIRECTOR	N/A	Director	$0	$0	$0
DEBBIE WELTY	TREASURER	N/A	Officer 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	$1,841,045	$1,708,829	$1,546,648	$132,216
2024	$2,159,722	$1,918,943	$1,603,564	$240,779
2023	$1,843,989	$1,481,922	$1,518,159	$362,067
2022	$1,382,903	$1,334,559	$1,781,482	$48,344
2021	$1,051,760	$928,964	$1,057,476	$122,796
2020	$922,135	$822,932	$1,075,483	$99,203
2019	$711,553	$903,903	$970,073	$-192,350
2018	$728,242	$843,589	$1,250,837	$-115,347

GALESBURG CHRISTIAN SCHOOL ASSOCIATION INC