CANAAN CHRISTIAN ACADEMY INC

EIN: 460889098 501(c)(3) Education

Lake Wales, FL

Total Revenue
$552,918
Total Expenses
$562,308
Total Assets
N/A
Net Assets
N/A
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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
2016
Legal Domicile
FL
Principal Officer
SHEROL D LARKIN
Phone
8632419018
Tax Period
2025-01-01 to 2025-12-31

CANAAN CHRISTIAN ACADEMY INC, founded in 2016, is a small nonprofit in the Education sector that reported $553K in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

Private Christian School

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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 (2025)

Revenue Breakdown

Contributions & Grants $552,918
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $552,918

Expense Breakdown

Grants Paid $0
Salaries & Benefits $382,411
Fundraising Expenses $0
Program Expenses $382,411
Other Expenses $179,897
TOTAL EXPENSES $562,308

Year-over-Year Comparison

2025 2024 Change
Revenue $552,918 $491,070 +0.1%
Expenses $562,308 $512,405 +0.1%
Net Income $-9,390 $-21,335 -0.6%
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
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TUNISIA FREEMAN Trustee 0.00
Director
$0 $0 $0
SHEROL D LARKIN Pastor 0.00
Officer
$0 $0 $0
MARION SOUTH Secretary 0.00
Officer
$0 $0 $0
COLVIN IVORY Deacon 0.00
Officer
$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 $552,918 $562,308 No data $-9,390
2024 $491,070 $512,405 No data $-21,335
2023 $401,369 $27,858 No data $373,511
2022 $307,571 $315,476 No data $-7,905
2021 $269,935 $217,980 No data $51,955
2020 $221,912 $190,862 $82,151 $31,050
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