TRINITY CLASSICAL ACADEMY

EIN: 475313110 501(c)(3) Education

WATERLOO, NE

Total Revenue
$2,086,382
Total Expenses
$2,489,419
Total Assets
$9,032,227
Net Assets
$5,498,490
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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
2016
Legal Domicile
NE
Principal Officer
CANNON ALLEN
Phone
4024319272
Tax Period
2022-07-01 to 2023-06-30

TRINITY CLASSICAL ACADEMY, founded in 2016, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2022. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 19% operating deficit.

Mission

TRINITY CLASSICAL ACADEMY PARTNERS WITH CHRISTIAN PARENTS TO EDUCATE THEIR CHILDREN WITH ACADEMIC EXCELLENCE AND CHRISTIAN DISTINCTION.

Program Service Accomplishments

Program 1
Expenses: $2,054,481 Revenue: $1,396,454

TRINITY CLASSICAL ACADEMY PROVIDED PRE-K THROUGH 4 EDUCATION DURING THE 2018-2019 SCHOOL YEAR IN ACCORDANCE WITH THE MISSION STATEMENT AS ABOVE IN ITEM 1. TCA FUNCTIONS AS AN EXEMPT SCHOOL UNDER THE...

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TRINITY CLASSICAL ACADEMY PROVIDED PRE-K THROUGH 4 EDUCATION DURING THE 2018-2019 SCHOOL YEAR IN ACCORDANCE WITH THE MISSION STATEMENT AS ABOVE IN ITEM 1. TCA FUNCTIONS AS AN EXEMPT SCHOOL UNDER THE NEBRASKA ADMINISTRATIVE CODE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $328,536
Program Service Revenue $1,396,697
Investment Income $33,445
Other Revenue $327,704
TOTAL REVENUE $2,086,382

Expense Breakdown

Grants Paid $53,129
Salaries & Benefits $1,317,462
Fundraising Expenses $0
Program Expenses $2,054,481
Other Expenses $1,118,828
TOTAL EXPENSES $2,489,419

Year-over-Year Comparison

2022 2021 Change
Revenue $2,086,382 $3,480,912 -0.4%
Expenses $2,489,419 $2,398,623 +0.0%
Net Income $-403,037 $1,082,289 -1.4%
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
7
Independent Members
6
Employees
N/A
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOB THUNE DIRECTOR 5.00
Director
$0 $0 $0
ANNA LITTLE DIRECTOR 5.00
Director
$0 $0 $0
CANNON ALLEN DIRECTOR 5.00
Director
$0 $0 $0
JOHN BATCHER DIRECTOR 5.00
Director
$0 $0 $0
STEPHANIE DEXTER DIRECTOR 5.00
Director
$0 $0 $0
PHIL BELIN DIRECTOR 5.00
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 No data No data No data No data
2023 $1,765,639 $1,669,110 $4,013,477 $96,529
2023 $2,086,382 $2,489,419 $9,032,227 $-403,037
2022 $3,480,912 $2,398,623 $9,346,969 $1,082,289
2022 $2,525,672 $1,858,310 $3,937,087 $667,362
2021 $3,639,919 $1,203,075 $3,752,405 $2,436,844
2020 $1,059,891 $891,577 $1,235,387 $168,314
2019 $706,668 $611,503 $1,076,571 $95,165
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