AD FONTES EDUCATIONAL TRUST (EIN 541780628) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

JOSH MCCROSKEY

Phone

7036731145

Tax Period

2023-07-01 to 2024-06-30

AD FONTES EDUCATIONAL TRUST, founded in 1995, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2018.

Mission

SUPPORT FOR CHRISTIAN BASED EDUCATION PROGRAMS. PROVIDE A SCHOOL FOR CHRISTIAN BASED EDUCATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $245,803

Program Service Revenue $2,668,318

Investment Income $18

Other Revenue $409,094

TOTAL REVENUE $3,323,233

Expense Breakdown

Grants Paid $437,018

Salaries & Benefits $1,627,000

Fundraising Expenses $27,111

Program Expenses $2,607,232

Other Expenses $780,328

TOTAL EXPENSES $2,844,346

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,323,233	$2,858,237	+0.2%
Expenses	$2,844,346	$2,851,767	0.0%
Net Income	$478,887	$6,470	+73.0%

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

$125,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAL LINDSEY	CHAIRMAN	3.00	Officer Director	$0	$0	$0
KYLE PERRY	VICE CHAIR	3.00	Officer Director	$0	$0	$0
RICHARD LEED	TREASURER	3.00	Officer Director	$0	$0	$0
SANDRA BUSCHING	SECRETARY	1.00	Officer Director	$0	$0	$0
SAM COX	TRUSTEE	1.00	Director	$0	$0	$0
KAREN DOUGHERTY	TRUSTEE	1.00	Director	$0	$0	$0
DAYLE PERCLE	TRUSTEE	1.00	Director	$0	$0	$0
MARK GOTTLIEB	TRUSTEE	1.00	Director	$0	$0	$0
JOSHUA MCCROSKEY	HEAD OF SCHOOL	50.00	Officer	$125,000	$0	$125,000

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	$3,323,233	$2,844,346	$1,339,181	$478,887
2023	$2,858,237	$2,851,767	$914,471	$6,470
2022	$3,008,492	$3,121,958	$1,126,305	$-113,466
2021	$3,222,626	$2,779,450	$1,304,412	$443,176
2020	$2,496,752	$2,499,549	$1,425,047	$-2,797
2019	$2,376,240	$2,312,535	$1,381,338	$63,705

AD FONTES EDUCATIONAL TRUST