LIFESPRING ACADEMY INC

EIN: 452307460 501(c)(3) Education

CLAYTON, NC

Total Revenue
$1,712,742
Total Expenses
$1,531,453
Total Assets
$310,075
Net Assets
$152,929
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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
2011
Legal Domicile
NC
Principal Officer
DAWN PARKER
Phone
9193599959
Tax Period
2024-07-01 to 2025-06-30

LIFESPRING ACADEMY INC, founded in 2011, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 11% surplus.

Mission

PROVIDING 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,712,742
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,712,742

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,090,414
Fundraising Expenses $0
Program Expenses $1,353,333
Other Expenses $441,039
TOTAL EXPENSES $1,531,453

Year-over-Year Comparison

2024 2023 Change
Revenue $1,712,742 $1,374,278 +0.2%
Expenses $1,531,453 $1,228,057 +0.2%
Net Income $181,289 $146,221 +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

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Governance

Voting Members
3
Independent Members
3
Employees
42
Volunteers
21

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
3
$125,440
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JILL GALLEGOS PRESIDENT 10.00
Officer
$0 $0 $0
DAWN PARKER TREASURER 40.00
Officer
$42,240 $0 $42,240
BOBBIE ROE SECRETARY 40.00
Officer
$83,200 $0 $83,200
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 $1,712,742 $1,531,453 $310,075 $181,289
2024 No data No data No data No data
2023 $1,411,957 $1,392,873 $80,916 $19,084
2022 $1,373,328 $1,557,879 $119,748 $-184,551
2021 $1,239,355 $1,164,319 $196,036 $75,036
2020 $626,104 $659,139 $42,188 $-33,035
2019 $570,595 $629,956 $20,233 $-59,361
2018 $596,344 $578,597 $52,139 $17,747
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