CHESTERTON 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

2008

Legal Domicile

Principal Officer

JAY WARD

Phone

9523781779

Tax Period

2022-07-01 to 2023-06-30

CHESTERTON ACADEMY, founded in 2008, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2022. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 33% operating margin.

Mission

THE PURPOSE OF CHESTERON ACADEMY IS TO NURTURE THE MINDS AND THE SOULS OF OUR CHILDREN THROUGH AN INTEGRATED EDUCATION. WE BELIEVE THAT ALL TRUTHS ARE RELATED TO THE CENTRAL TRUTH OF THE INCARNATION, CRUCIFIXION, AND THE RESURRECTION OF JESUS CHRIST. FAITH AND REASON DO NOT CONTRADICT ONE ANOTHER, NOR ARE THEY TO BE SEGREGATED FROM ONE ANOTHER. THROUGH THE STUDY OF ART, MUSIC, LITERATURE, LANGUAGE, HISTORY, MATH, SCIENCE, PHILOSOPHY, AND RELIGION, WE WANT TO PREPARE OUR CHIDREN TO THINK BOTH RATIONALLY AND CREATIVELY, TO DEFEND THEIR FAITH, TO CONTRIBUTE POSITIVELY TO SOCIETY AND TO PROMOTE A CULTURE OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $1,841,354 Revenue: $1,366,541

RUNNING A PRIVATE INDEPENDENT CATHOLIC HIGH SCHOOL THAT TEACHES A CLASSICAL CURRICULUM BASED ON THE CATHOLIC FAITH. THERE ARE 140 STUDENTS IN GRADES 9-12.

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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 $2,079,211

Program Service Revenue $1,366,541

Investment Income $41,570

Other Revenue $64,166

TOTAL REVENUE $3,551,488

Expense Breakdown

Grants Paid $257,959

Salaries & Benefits $1,295,206

Fundraising Expenses $208,646

Program Expenses $1,841,354

Other Expenses $819,364

TOTAL EXPENSES $2,372,529

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,551,488	$2,430,966	+0.5%
Expenses	$2,372,529	$2,086,480	+0.1%
Net Income	$1,178,959	$344,486	+2.4%

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

$106,820

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY WARD	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
DALE AHLQUIST	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE KERSTEN	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN METZINGER	DIRECTOR	1.00	Director	$0	$0	$0
CASEY SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
TOM SCHULZETENBERG	DIRECTOR	1.00	Director	$0	$0	$0
MATT SAXE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF CAMPBELL	DIRECTOR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER OLLEY	HEADMASTER	40.00	Officer	$106,820	$0	$106,820

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
2023	$3,551,488	$2,372,529	$2,826,314	$1,178,959
2022	$2,430,966	$2,086,480	$1,492,407	$344,486
2021	$2,178,504	$1,827,033	$1,239,311	$351,471
2020	$1,884,843	$1,981,822	$1,091,856	$-96,979
2019	$2,148,420	$2,102,880	$1,046,717	$45,540
2018	$1,878,161	$1,830,257	$948,894	$47,904