CHARIS CLASSICAL ACADEMY INCORPORATED (EIN 452800737) - 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

2011

Legal Domicile

Principal Officer

Katie Tuck

Phone

6083454203

Tax Period

2024-07-01 to 2025-06-30

CHARIS CLASSICAL ACADEMY INCORPORATED, founded in 2011, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 53% operating margin.

Mission

Charis Classical Academy provides a gospel based, classical education experience to students that is based on the curriculum developed by Charlotte Mason and which incorporates the university model.

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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 $1,066,906

Program Service Revenue $1,085,637

Investment Income $1,668

Other Revenue $7,953

TOTAL REVENUE $2,162,164

Expense Breakdown

Grants Paid $251,661

Salaries & Benefits $435,870

Fundraising Expenses $11,134

Program Expenses $956,771

Other Expenses $320,644

TOTAL EXPENSES $1,008,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,162,164	$1,270,090	+0.7%
Expenses	$1,008,175	$723,485	+0.4%
Net Income	$1,153,989	$546,605	+1.1%

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

$55,688

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Monte Knetter	Headmaster	40	Officer	$51,188	$4,500	$55,688
Jay Tuck	President	2.5	Officer Director	$0	$0	$0
Todd Henreckson	Vice President	2.5	Officer Director	$0	$0	$0
Michelle Cully	Secretary	2.5	Officer Director	$0	$0	$0
Katie Tuck	Treasurer	12.5	Officer Director	$0	$0	$0
David Gennrich	Director	2.5	Director	$0	$0	$0
Daniel Yogerst	Director	2.5	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	$2,162,164	$1,008,175	$4,798,674	$1,153,989
2024	$1,270,090	$723,485	$3,069,630	$546,605
2023	$908,052	$587,248	$1,082,202	$320,804
2022	$583,834	$478,293	$693,693	$105,541
2021	$593,376	$412,409	$616,512	$180,967
2020	$399,794	$445,718	$408,091	$-45,924
2019	$311,875	$365,781	$425,591	$-53,906

CHARIS CLASSICAL ACADEMY INCORPORATED