The Light Academy Inc

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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

Principal Officer

Joyce Parr

Phone

4348422222

Tax Period

2024-07-01 to 2025-06-30

The Light Academy Inc, founded in 2014, is a small nonprofit in the Education sector that reported $616K in total revenue in fiscal year 2024.

Mission

The Light Academy recognizes that every child is a gift from God, and we partner with parents to teach children to love God, to love others.

Program Service Accomplishments

Program 1

Expenses: $644,521 Revenue: $616,305

To excel in academics from preschool through 12th grade.

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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 $0

Program Service Revenue $616,305

Investment Income $0

Other Revenue $0

TOTAL REVENUE $616,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $484,689

Fundraising Expenses $0

Program Expenses $644,521

Other Expenses $159,832

TOTAL EXPENSES $644,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$616,305	$636,076	0.0%
Expenses	$644,521	$614,930	+0.0%
Net Income	$-28,216	$21,146	-2.3%

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

$23,558

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joyce Parr	Principal/Director	35.00	Key Emp	$23,558	$0	$23,558

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	$616,305	$644,521	$85,816	$-28,216
2024	$636,076	$614,930	$100,182	$21,146
2023	$673,211	$652,194	$93,170	$21,017
2022	$546,484	$589,860	No data	$-43,376