BELIEVERS ACADEMY INC (EIN 510542866) - 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

2005

Legal Domicile

Principal Officer

LORI DYER

Phone

5613402507

Tax Period

2024-07-01 to 2025-06-30

BELIEVERS ACADEMY INC, founded in 2005, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

BELIEVERS ACADEMY IS DEDICATED TO ESE STUDENTS WHO ARE AT RISK OF DROPPING OUT OF THEIR SCHOOLS.

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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 $163,986

Program Service Revenue $1,408,810

Investment Income $25,246

Other Revenue $113,723

TOTAL REVENUE $1,711,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,106,368

Fundraising Expenses $0

Program Expenses $1,521,578

Other Expenses $738,535

TOTAL EXPENSES $1,844,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,711,765	$1,976,539	-0.1%
Expenses	$1,844,903	$1,763,335	+0.0%
Net Income	$-133,138	$213,204	-1.6%

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

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

$252,129

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA SMITH	PRESIDENT	0.50	Officer Director	$0	$0	$0
LYNN KELLY	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
SHELLY TRAVELSTEAD	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
BRUCE FOWLER	TREASURER	0.50	Officer Director	$0	$0	$0
TAMMY FERGUSON	SECRETARY	0.50	Officer Director	$0	$0	$0
LORI DYER	CEO	45.00	Officer	$72,866	$25,942	$98,808
MAGGIE PRINCE	PRINCIPAL	44.00	Officer	$130,152	$23,169	$153,321

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	$1,711,765	$1,844,903	$1,915,971	$-133,138
2024	$1,976,539	$1,763,335	$1,555,468	$213,204
2023	$1,877,382	$1,804,766	$1,510,864	$72,616
2022	$1,656,325	$1,889,108	$1,664,864	$-232,783
2021	$2,105,906	$1,525,620	$1,332,397	$580,286
2020	$1,784,223	$1,682,179	$963,327	$102,044
2019	$1,713,194	$1,722,572	$633,539	$-9,378
2018	$1,605,885	$1,607,093	$634,786	$-1,208

BELIEVERS ACADEMY INC