Southeast Education Foundation dba Legacy Christian Academy (EIN 371527090) - 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

2007

Legal Domicile

Principal Officer

Jovan Currie

Phone

4099240500

Tax Period

2024-07-01 to 2025-06-30

Southeast Education Foundation dba Legacy Christian Academy, founded in 2007, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Non-profit, non-denominational Christian school

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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 $460,677

Program Service Revenue $3,134,406

Investment Income $83,451

Other Revenue $67,231

TOTAL REVENUE $3,745,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,304,967

Fundraising Expenses $57,366

Program Expenses $2,117,276

Other Expenses $1,344,907

TOTAL EXPENSES $3,649,874

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,745,765	$3,419,890	+0.1%
Expenses	$3,649,874	$3,405,074	+0.1%
Net Income	$95,891	$14,816	+5.5%

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

N/A

Employees

104

Volunteers

232

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

$31,875

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Armstrong	School Director	40.00	Officer	$31,875	$0	$31,875
JoLynne McCraw	Former Interim School Director	40.00		$28,270	$0	$28,270
Thomas Blackwell	Director	0.25	Director	$0	$0	$0
Ben Case	Treasurer	0.25	Officer Director	$0	$0	$0
Jovan Currie	Chairman	0.25	Officer Director	$0	$0	$0
Lorin Bourquein-Spotts	Director	0.25	Director	$0	$0	$0
Tina Henderson	Director	0.25	Director	$0	$0	$0
Justin Doss	Director	0.25	Director	$0	$0	$0
Mark Hall	Director	0.25	Director	$0	$0	$0
Ryan Schaper	Secretary	0.25	Officer Director	$0	$0	$0
Chris Leavins	Vice-Chair	0.25	Officer Director	$0	$0	$0
Robin Davis	Director	0.25	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	$3,745,765	$3,649,874	$5,668,329	$95,891
2024	No data	No data	No data	No data
2023	$5,351,074	$3,770,551	$4,763,480	$1,580,523
2022	$3,284,531	$3,605,120	$4,123,224	$-320,589
2021	$2,821,659	$3,546,360	$5,161,876	$-724,701
2020	$3,904,074	$3,714,990	$5,506,021	$189,084
2019	$4,226,625	$3,862,797	$6,071,464	$363,828

Southeast Education Foundation dba Legacy Christian Academy