Liberty Christian Academy Inc

EIN: 462975770 501(c)(3) Education

Richlands, NC

Total Revenue
$4,095,645
Total Expenses
$4,113,797
Total Assets
$1,748,311
Net Assets
$1,462,619
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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
2020
Legal Domicile
NC
Principal Officer
Cheryl Cavanaugh
Phone
9104300741
Tax Period
2023-07-01 to 2024-06-30

Liberty Christian Academy Inc, founded in 2020, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

To provide quality education from pre-k through high 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 (2023)

Revenue Breakdown

Contributions & Grants $2,109,671
Program Service Revenue $1,980,445
Investment Income $5,529
Other Revenue $0
TOTAL REVENUE $4,095,645

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,430,888
Fundraising Expenses $13,552
Program Expenses $3,360,668
Other Expenses $1,682,909
TOTAL EXPENSES $4,113,797

Year-over-Year Comparison

2023 2022 Change
Revenue $4,095,645 $3,504,954 +0.2%
Expenses $4,113,797 $3,524,057 +0.2%
Net Income $-18,152 $-19,103 0.0%
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
109
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
6
$20,800
Total Directors
3
$64,597
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cheryl Cavanaugh LCA Head of School 40.00
Director
$64,597 $0 $64,597
Amy Rhodes Chairman of the Board 1.00
Officer
$0 $0 $0
Toni Henderson Bookkeeper 12.00
Officer
$20,800 $0 $20,800
Gina Shepard Member 1.00
Officer
$0 $0 $0
Dr Chrystal Rooks Member 1.00
Officer
$0 $0 $0
Bob Dixon Member 1.00
Officer Director
$0 $0 $0
Derek Northern Member 1.00
Officer
$0 $0 $0
Annette Cavanaugh Member 1.00
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 $4,095,645 $4,113,797 $1,748,311 $-18,152
2023 $3,504,954 $3,524,057 $1,686,653 $-19,103
2022 $3,545,508 $3,126,330 $1,769,894 $419,178
2021 $2,875,968 $2,510,068 $1,423,972 $365,900
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