GREATER VISION ACADEMY INC (EIN 472307043) - 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

2014

Legal Domicile

Principal Officer

SHANNA SUMMERS

Phone

3365124766

Tax Period

2024-07-01 to 2025-06-30

GREATER VISION ACADEMY INC, founded in 2014, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 13% surplus.

Mission

GREATER VISION ACADEMY IS A K-12, CHRISTIAN, NON-PROFIT EDUCATIONAL INSTITUTION THAT IS DEVOTED TO EQUIPPING STUDENTS WITH THE TOOLS FOR LEARNING THROUGH A CHRIST-CENTERED EDUCATION. WE OFFER CHAPEL SERVICES, BIBLE CLASSES, AND A YOUTH CHURCH FOR TEENS. OUR STUDENTS ALSO BENEFIT FROM FIELD TRIPS AND OTHER CHURCH AND SCHOOL RELATED ACTIVITIES THROUGHOUT THE YEAR. OUR ELECTIVE CLASSES INCLUDE: HOME ECONOMICS, PHYSICAL EDUCATION, SIGN LANGUAGE, PHOTOGRAPHY, ART, AND MUSIC.

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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 $7,625

Program Service Revenue $1,578,687

Investment Income $0

Other Revenue $1,389

TOTAL REVENUE $1,587,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $870,839

Fundraising Expenses $0

Program Expenses $1,206,044

Other Expenses $507,805

TOTAL EXPENSES $1,378,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,587,701	$1,211,870	+0.3%
Expenses	$1,378,644	$1,242,088	+0.1%
Net Income	$209,057	$-30,218	-7.9%

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

$48,275

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE HAYES	OFFICER	15.00	Officer	$24,967	$0	$24,967
SHANNA SUMMERS	PRESIDENT	15.00	Officer	$11,667	$0	$11,667
BRENDA ELLER	VICE PRESIDE	15.00	Officer	$11,641	$0	$11,641

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	$1,587,701	$1,378,644	$1,195,524	$209,057
2024	$1,211,870	$1,242,088	$274,587	$-30,218
2023	$1,110,018	$1,179,317	$265,055	$-69,299
2022	$962,793	$838,085	$333,071	$124,708
2021	$761,786	$563,622	$218,929	$198,164
2020	$89,217	$114,831	$16,089	$-25,614

GREATER VISION ACADEMY INC