RIVERSIDE CHRISTIAN ACADEMY

EIN: 473524635 501(c)(3) Education

FAYETTEVILLE, NC

Total Revenue
$1,924,534
Total Expenses
$2,201,978
Total Assets
$652,065
Net Assets
$196,226
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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
2018
Principal Officer
DR LIN WHEELER
Phone
9103234026
Tax Period
2023-07-01 to 2024-06-30

RIVERSIDE CHRISTIAN ACADEMY, founded in 2018, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE FAITH BASED UNDERGRADUATE EDUCATION TO STUDENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $35,601
Program Service Revenue $1,877,664
Investment Income $1
Other Revenue $11,268
TOTAL REVENUE $1,924,534

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,200,978
Fundraising Expenses $40,336
Program Expenses $1,780,785
Other Expenses $1,001,000
TOTAL EXPENSES $2,201,978

Year-over-Year Comparison

2023 2022 Change
Revenue $1,924,534 $1,118,008 +0.7%
Expenses $2,201,978 $937,493 +1.3%
Net Income $-277,444 $180,515 -2.5%
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

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Governance

Voting Members
3
Independent Members
3
Employees
48
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONY EDGE VICE CHAIRMA 1.00
Officer Director
$0 $0 $0
KENNY FULCHER BOARD MEMBER 1.00
Director
$0 $0 $0
DR LIN WHEELER CHAIRMAN 40.00
Officer 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 $1,924,534 $2,201,978 $652,065 $-277,444
2023 $1,118,008 $937,493 $799,713 $180,515
2022 $2,317,452 $2,064,167 $686,666 $253,285
2021 $1,873,637 $1,783,603 $432,697 $90,034
2020 $1,140,090 $1,060,140 $228,283 $79,950
2019 $784,766 $752,689 $58,259 $32,077
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