GRACE CLASSICAL CHRISTAN ACADEMY (EIN 452949553) - 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

LUCAS FOLEGATTI

Phone

8177714951

Tax Period

2023-06-01 to 2024-05-31

GRACE CLASSICAL CHRISTAN ACADEMY, founded in 2011, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $361K, a strong 24% operating margin.

Mission

THE OPERATION OF A SCHOOL TO EDUCATE CHILDREN FROM PRE-KINDERGARTEN THROUGH HIGH SCHOOL WITH AN EMPHASIS ON AN HISTORIC CHRISTIAN WORLDVIEW AND RELATED VIGOROUS CLASSICAL CURRICULUM. DURING THE CURRENT SCHOOL YEAR WE HAD STUDENTS ENROLLED IN GRADES PRE - KINDERGARTEN THROUGH TWELFTH GRADE.

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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 $815,880

Program Service Revenue $639,923

Investment Income $8,790

Other Revenue $45,853

TOTAL REVENUE $1,510,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $981,657

Fundraising Expenses $0

Program Expenses $1,144,801

Other Expenses $167,539

TOTAL EXPENSES $1,149,196

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,510,446	$1,461,431	+0.0%
Expenses	$1,149,196	$935,811	+0.2%
Net Income	$361,250	$525,620	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT CAIN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LUCAS FOLEGATTI	TREASURER	2.00	Officer Director	$0	$0	$0
IKE THOMAS	BOARD MEMBER	2.00	Director	$0	$0	$0
RYAN THOMAS	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2024	$1,510,446	$1,149,196	$1,437,093	$361,250
2023	$1,461,431	$935,811	$952,350	$525,620
2022	$911,510	$877,734	$419,742	$33,776
2021	$674,799	$485,997	$797,605	$188,802
2020	$661,198	$576,801	$683,722	$84,397
2019	$478,976	$407,363	$573,055	$71,613
2018	$481,693	$420,721	$115,126	$60,972

GRACE CLASSICAL CHRISTAN ACADEMY