VICTORY CHRISTIAN ACADEMY

EIN: 411637037 501(c)(3)

HIBBING, MN

Total Revenue
$551,601
Total Expenses
$537,966
Total Assets
$589,507
Net Assets
$571,117
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MN
Principal Officer
DAVID MCCORMACK
Phone
2182626550
Tax Period
2023-07-01 to 2024-06-30

VICTORY CHRISTIAN ACADEMY, founded in 1981, is a small nonprofit that reported $552K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

CHRISTIAN EDUCATION VICTORY CHRISTIAN ACADEMY EXISTS TO PROVIDE A CHRISTIAN EDUCATION AND TEAM WITH PARENTS TO TRAIN AND EQUIP STUDENTS TO SUBMIT TO THE LORDSHIP OF JESUS CHRIST IN THOUGHT, WORD AND DEED.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $64,678
Program Service Revenue $395,604
Investment Income $4,533
Other Revenue $86,786
TOTAL REVENUE $551,601

Expense Breakdown

Grants Paid $0
Salaries & Benefits $378,096
Fundraising Expenses $0
Program Expenses $465,396
Other Expenses $159,870
TOTAL EXPENSES $537,966

Year-over-Year Comparison

2023 2022 Change
Revenue $551,601 $499,780 +0.1%
Expenses $537,966 $532,333 +0.0%
Net Income $13,635 $-32,553 -1.4%
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

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Governance

Voting Members
9
Independent Members
9
Employees
16
Volunteers
35

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ARNDT VICE-CHAIR 0.50
Officer Director
$0 $0 $0
JOHN WEIHER CHAIRMAN 0.50
Officer Director
$0 $0 $0
ANGIE FISHER DIRECTOR 0.50
Director
$0 $0 $0
REBECCA WHITE FINANCIAL SECRETARY 0.50
Officer Director
$0 $0 $0
ROBERT FARNSWORTH DIRECTOR 0.50
Director
$0 $0 $0
TERESA LALONDE DIRECTOR 0.50
Director
$0 $0 $0
THEODORE ARNOLDY DIRECTOR 0.50
Director
$0 $0 $0
ALLAN REINI ADMINISTRATOR 40.00
Officer
$0 $0 $0
TAMMY WEIHER DIRECTOR 0.50
$0 $0 $0
JAKE MOUNT DIRECTRO 0.50
$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 No data No data No data No data
2024 $551,601 $537,966 $589,507 $13,635
2023 $499,780 $532,333 $586,003 $-32,553
2022 $479,485 $487,520 $611,921 $-8,035
2021 $392,583 $417,310 $598,259 $-24,727
2020 $457,545 $396,037 $624,502 $61,508
2019 $394,776 $379,154 $575,770 $15,622
2018 $390,570 $365,510 $642,085 $25,060
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