Sunshine Bible Academy (EIN 460230221) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1951

Legal Domicile

Phone

6058533071

Tax Period

2024-07-01 to 2025-06-30

SUNSHINE BIBLE ACADEMY, founded in 1951, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2019. Revenue fell 42% from the prior year — a significant decline worth monitoring. Net assets of $5.0M represent 48 months of operating reserves.

Mission

SUNSHINE BIBLE ACADEMY IS A NON-DENOMINATIONAL CHRISTIAN BOARDING SCHOOL THAT EXISTS TO ASSIST PARENTS WITH THEIR RESPONSIBILITY TO RAISE THEIR CHILDREN IN THE NURTURE AND ADMONITION OF THE LORD BY INTEGRATING GOD'S TRUTH IN ALL AREAS OF LIFE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,323,638

Program Service Revenue $517,783

Investment Income $29,082

Other Revenue $297,619

TOTAL REVENUE $2,168,122

Expense Breakdown

Grants Paid $14,587

Salaries & Benefits $976,835

Fundraising Expenses $0

Program Expenses $1,766,103

Other Expenses $774,681

TOTAL EXPENSES $1,766,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,168,122	$2,253,262	0.0%
Expenses	$1,766,103	$1,757,759	+0.0%
Net Income	$402,019	$495,503	-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

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

$59,237

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Watson	Superintendent	40.00	Officer	$59,237	$0	$59,237
BRAD HAUN	Chairman	3.00	Officer Director	$0	$0	$0
BRAD UFEN	Treasurer	3.00	Officer Director	$0	$0	$0
KEVIN TRIEBWASSER	Director	2.00	Director	$0	$0	$0
QUENTIN GERBRACHT	Director	2.00	Director	$0	$0	$0
CRAIG HINMAN	Director	2.00	Director	$0	$0	$0
JIM HOFMAN	Secretary	3.00	Officer Director	$0	$0	$0
JOHN PAUL	Director	2.00	Director	$0	$0	$0
KEN SHAY	Director	2.00	Director	$0	$0	$0
CLINT SANDNESS	Vice Chairman	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	$2,168,122	$1,766,103	$6,272,250	$402,019
2024	No data	No data	No data	No data
2023	$1,812,415	$1,601,556	$4,951,334	$210,859
2022	$1,317,356	$1,600,619	$4,739,835	$-283,263
2021	$1,255,862	$1,399,336	$4,916,349	$-143,474
2020	$1,257,714	$1,298,847	$5,065,878	$-41,133

Sunshine Bible Academy