FREE LUNCH ACADEMY (EIN 472703768) - 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

CALVIN KING

Phone

7735262312

Tax Period

2024-01-01 to 2024-12-31

FREE LUNCH ACADEMY, founded in 2014, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $97K in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $110K exceeded revenue, resulting in a 13% operating deficit.

Mission

FREE LUNCH ACADEMY IS AN INNOVATIVE SOCIAL ENTERPRISE THAT LEVERAGES SOCIAL, EMOTIONAL, ARTISTIC LEARNING TO CULTIVATE CHARACTER DEVELOPMENT.

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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 $80,300

Program Service Revenue $10,693

Investment Income $6,329

Other Revenue $0

TOTAL REVENUE $97,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,368

Fundraising Expenses $0

Program Expenses $85,722

Other Expenses $87,935

TOTAL EXPENSES $110,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,322	$454,738	-0.8%
Expenses	$110,303	$295,741	-0.6%
Net Income	$-12,981	$158,997	-1.1%

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
PRENTICE BUTLER	PRESIDENT	5.00	Director	$0	$0	$0
BOBBY OWENS	LEGAL COUNSE	1.50	Director	$0	$0	$0
LAUREN PARROTT	TREASURER	2.50	Director	$0	$0	$0
HOLLY WILSON	SECRETARY	1.50	Director	$0	$0	$0
CALVIN KING	EXECUTIVE DI	5.00	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
2024	$97,322	$110,303	$264,461	$-12,981
2023	$454,738	$295,741	$275,291	$158,997
2022	$90,401	$98,092	$116,238	$-7,691
2021	$82,434	$191,110	$128,941	$-108,676
2020	$885,220	$771,628	$244,367	$113,592
2020	$885,469	$776,291	$244,367	$109,178

FREE LUNCH ACADEMY