THE IRON ACADEMY

EIN: 453816000 501(c)(3) Education

RALEIGH, NC

Total Revenue
$1,946,733
Total Expenses
$1,855,911
Total Assets
$2,385,395
Net Assets
$465,473
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NC
Principal Officer
ALAN HAHN
Phone
9199778811
Tax Period
2024-07-01 to 2025-06-30

THE IRON ACADEMY, founded in 2011, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 5% surplus.

Mission

IRON ACADEMY EXISTS TO GLORIFY GOD BY TRAINING YOUNG MEN TO LIVE WISELY, BE UNWAVERING IN FAITH, AND ADEPT IN LEADERSHIP; EQUIPPING THEM TO FIGHT FOR BIBLICAL VALUES, STRENGTHEN THEIR FAMILIES, AND SERVE AS LEADERS IN THEIR CHURCHES AND COMMUNITIES.

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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 $499,594
Program Service Revenue $1,320,236
Investment Income $12,848
Other Revenue $114,055
TOTAL REVENUE $1,946,733

Expense Breakdown

Grants Paid $138,365
Salaries & Benefits $918,830
Fundraising Expenses $51,940
Program Expenses $1,470,209
Other Expenses $774,341
TOTAL EXPENSES $1,855,911

Year-over-Year Comparison

2024 2023 Change
Revenue $1,946,733 $1,638,421 +0.2%
Expenses $1,855,911 $1,595,534 +0.2%
Net Income $90,822 $42,887 +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

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Governance

Voting Members
8
Independent Members
8
Employees
19
Volunteers
31

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
2
$107,500
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE BROWN CHAIR HEAD 2.00
Officer Director
$0 $0 $0
PAULINE ONDACHI BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL STEYN BOARD MEMBER 1.00
Director
$0 $0 $0
ROSS COPPAGE BOARD MEMBER 1.00
Director
$0 $0 $0
HERB BALES BOARD MEMBER 1.00
Director
$0 $0 $0
MATT BALDWIN BOARD MEMBER 1.00
Director
$0 $0 $0
TRAVIS KIKER BOARD MEMBER 1.00
Director
$0 $0 $0
JIM DYER BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN HAHN CEO 40.00
Officer
$107,500 $0 $107,500
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 $1,946,733 $1,855,911 $2,385,395 $90,822
2024 No data No data No data No data
2023 $1,440,456 $1,368,850 $2,443,434 $71,606
2022 $1,275,935 $1,269,467 $2,316,006 $6,468
2021 $1,251,038 $1,133,820 $321,665 $117,218
2020 $1,053,793 $1,036,539 $326,845 $17,254
2019 $1,002,541 $904,562 $186,027 $97,979
2018 $823,626 $822,840 $78,344 $786
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