SUMMIT CHRISTIAN ACADEMY

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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

2014

Legal Domicile

Tax Period

2023-08-01 to 2024-07-31

SUMMIT CHRISTIAN ACADEMY, founded in 2014, is a small nonprofit that reported $679K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE EDUCATIONAL SERVICES FOR GRADES K-12 FROM A CHRISTIAN PERSPECTIVE.

Program Service Accomplishments

Program 1

Expenses: $577,067

Summit Christian Academy (SCA) is partnering with parents to educate students in Bible knowledge and in a Christian worldview, to develop understanding in evangelical Christian values and principles, to train students in moral character, to provide quality academic education in knowledge and understanding, and to promote service to God and others. The purpose of SCA is to provide educational services, namely, providing kindergarten through 12th grade (K-12) classroom instruction.Summit Christian Academy served 108 students in grades K-12. Majority of SCA students are in the elementary grades: 82 students are in grades K-5; Junior High 18 students in grades 6-8; High School 8 students in grades 9-12. Summit Christian Academy is committed to equipping students to think well, learn fast, and apply Christian values in daily life. School Events for the school year included:Art Contest, Soccer/Volleyball/Basketball tournaments, Raise-A-Thon Fundraiser, Grandparents Day, Mothers Day, Fathers Day, Coin Challenge Fundraiser, Veterans Day Program, Speech Meet, Track and Field Day, Annual Banquet Fundraiser, SCA Fun Day, Friendship Day, Gods Given Talent, Iowa Testing, SCA Spirit Days, Quarterly Award Assembly, Teacher Appreciation Day and National Day of Prayer.

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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 $42,480

Program Service Revenue $619,611

Investment Income $259

Other Revenue $16,321

TOTAL REVENUE $678,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $448,692

Fundraising Expenses $3,566

Program Expenses $577,067

Other Expenses $262,524

TOTAL EXPENSES $711,216

Year-over-Year Comparison

	2023	2022	Change
Revenue	$678,671	$554,909	+0.2%
Expenses	$711,216	$642,612	+0.1%
Net Income	$-32,545	$-87,703	-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

Governance

Voting Members

Independent Members

N/A

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
VYACHESLAV KOZHOKARU	Treasurer	4.00	Officer Director	$0	$0	$0
OLENA KHOMENKO	Director	4.00	Director	$0	$0	$0
YELENA SOLODYANKIN	President	4.00	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	$678,671	$711,216	$39,923	$-32,545
2023	$554,909	$642,612	$47,236	$-87,703
2022	$747,703	$662,648	$144,265	$85,055
2021	$391,587	$428,145	$123,606	$-36,558
2020	$478,810	$451,646	$155,154	$27,164
2018	$585,983	$613,021	$72,875	$-27,038