LEAD ACADEMY CLASSICAL SCHOOL (EIN 463044025) - 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

2013

Legal Domicile

Principal Officer

HENRY F LAY

Phone

8509951900

Tax Period

2024-07-01 to 2025-06-30

LEAD ACADEMY CLASSICAL SCHOOL, founded in 2013, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2024. Expenses of $3.6M left a modest 7% surplus.

Mission

THE LEAD ACADEMY CLASSICAL SCHOOL IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND SCIENTIFIC PURPOSES UNDER SECTION 501(C)(3) OF THE IRC. THE SPECIFIC PURPOSE FOR WHICH THIS CORPORATION IS TO SERVE AS A PRIVATE CHRISTIAN CLASSICAL SCHOOL USING A CLASSICAL CURRICULUM MODEL FOR THE PURPOSE OF INSTRUCTING AND EDUCATING STUDENTS IN GRADES K-12.

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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 (2024)

Revenue Breakdown

Contributions & Grants $125,575

Program Service Revenue $3,764,314

Investment Income $806

Other Revenue $10,336

TOTAL REVENUE $3,901,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,054,552

Fundraising Expenses $0

Program Expenses $2,500,379

Other Expenses $1,590,461

TOTAL EXPENSES $3,645,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,901,031	$4,044,119	0.0%
Expenses	$3,645,013	$4,061,082	-0.1%
Net Income	$256,018	$-16,963	-16.1%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA AMORE	DIRECTOR	N/A	Director	$0	$0	$0
KACE BROWNING	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
ROBERT FREEMAN	DIRECTOR	N/A	Director	$0	$0	$0
HENRY F LAY	CHAIRMAN	N/A	Officer Director	$0	$0	$0
KLINT LAY	DIRECTOR	N/A	Director	$0	$0	$0
KARA LAY-CLARK	DIRECTOR	N/A	Director	$0	$0	$0
BETH SUMMERLIN	DIRECTOR	N/A	Director	$0	$0	$0
STEVE TOWNLEY	DIRECTOR	N/A	Director	$0	$0	$0
JARED WHIPKEY	DIRECTOR	N/A	Director	$0	$0	$0
BRANDON VINCENT	TOP FINANCIA	N/A	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	$3,901,031	$3,645,013	$7,477,487	$256,018
2024	$4,044,119	$4,061,082	$7,683,948	$-16,963
2023	$4,486,768	$4,630,736	$8,121,007	$-143,968
2022	$4,103,499	$4,058,383	$8,430,083	$45,116
2021	$3,627,606	$2,867,849	$6,449,640	$759,757
2020	$2,586,912	$2,567,073	$5,037,197	$19,839
2019	$2,631,791	$1,981,039	$3,703,444	$650,752

LEAD ACADEMY CLASSICAL SCHOOL