BONNIE CONE CLASSICAL ACADEMY INC (EIN 464248852) - 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

MARTIN MCCARTHY

Phone

7049484439

Tax Period

2023-07-01 to 2024-06-30

BONNIE CONE CLASSICAL ACADEMY INC, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $18.2M in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. Expenses of $23.3M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE OPERATION OF A PUBLIC CHARTER SCHOOL FOR THE EDUCATION OF CHILDREN IN THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $17,621,460

Program Service Revenue $281,060

Investment Income $249,541

Other Revenue $80,322

TOTAL REVENUE $18,232,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,081,757

Fundraising Expenses $0

Program Expenses $12,512,675

Other Expenses $14,220,210

TOTAL EXPENSES $23,301,967

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,232,383	$9,504,047	+0.9%
Expenses	$23,301,967	$7,905,759	+1.9%
Net Income	$-5,069,584	$1,598,288	-4.2%

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

282

Volunteers

250

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
MARTIN MCCARTHY	CHAIR	4.00	Officer Director	$0	$0	$0
BRIAN PUCKETT	VICE CHAIR / TREASURER	4.00	Officer Director	$0	$0	$0
KYLE KING	SECRETARY	4.00	Officer Director	$0	$0	$0
WILLIAM MILLS	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE NEWBROUGH	DIRECTOR	2.00	Director	$0	$0	$0
JUDY RUSSO	DIRECTOR	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	No data	No data	No data	No data
2024	$18,232,383	$23,301,967	$83,260,600	$-5,069,584
2023	$9,504,047	$7,905,759	$21,235,380	$1,598,288
2022	$8,882,059	$7,951,755	$19,451,229	$930,304
2021	$6,658,211	$5,807,758	$1,684,332	$850,453
2020	$2,652,243	$2,968,874	$974,761	$-316,631

BONNIE CONE CLASSICAL ACADEMY INC