LEGACY CHRISTIAN ACADEMY (EIN 411868252) - 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

1997

Legal Domicile

Principal Officer

JAKE MULVIHILL

Phone

7634274595

Tax Period

2023-07-01 to 2024-06-30

LEGACY CHRISTIAN ACADEMY, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $13.4M in total revenue in fiscal year 2023. The organization ran a surplus of $3.0M, a strong 22% operating margin.

Mission

RELIGIOUS EDUCATION FOR PRESCHOOL THROUGH GRADE TWELVE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,581,623

Program Service Revenue $10,722,296

Investment Income $188,723

Other Revenue $-59,045

TOTAL REVENUE $13,433,597

Expense Breakdown

Grants Paid $1,313,269

Salaries & Benefits $6,130,713

Fundraising Expenses $548,090

Program Expenses $8,500,195

Other Expenses $3,013,313

TOTAL EXPENSES $10,457,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,433,597	$12,923,934	+0.0%
Expenses	$10,457,295	$9,256,976	+0.1%
Net Income	$2,976,302	$3,666,958	-0.2%

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

196

Volunteers

150

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

$335,705

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN BOVEE	CHAIRMAN OF THE BOARD	5.00	Director	$0	$0	$0
BEN MINKS	MEMBER	3.00	Director	$0	$0	$0
PEGGY SCOTT	MEMBER	3.00	Director	$0	$0	$0
SCOTT COLESTOCK	MEMBER	3.00	Director	$0	$0	$0
JEN NISKA	MEMBER	3.00	Director	$0	$0	$0
PAULA HEPPNER	MEMBER	3.00	Director	$0	$0	$0
ALAN PUE	MEMBER	3.00	Director	$0	$0	$0
EVAN SCHIEBOUT	MEMBER	3.00	Director	$0	$0	$0
STEVE LARSON	MEMBER	3.00	Director	$0	$0	$0
JAKE MULVIHILL	HEAD OF SCHOOL	40.00	Key Emp	$182,285	$0	$182,285
JOEL NYDAM	PRINCIPAL	40.00	Key Emp	$153,420	$0	$153,420
ROBERT ATKINSON	PRINCIPAL	40.00	Highest	$109,913	$0	$109,913
DENNIS ZWIRCHITZ	ADVANCEMENT DIRECTOR	40.00	Highest	$114,320	$0	$114,320

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	$13,433,597	$10,457,295	$25,678,444	$2,976,302
2023	$12,923,934	$9,256,976	$22,632,163	$3,666,958
2022	$10,599,224	$8,663,309	$11,285,035	$1,935,915
2021	$9,846,552	$7,158,408	$9,094,766	$2,688,144
2020	$6,647,163	$5,575,056	$6,267,245	$1,072,107
2019	$8,273,923	$5,406,850	$4,769,760	$2,867,073

LEGACY CHRISTIAN ACADEMY