WAKE CHRISTIAN ACADEMY INC

EIN: 560862396 501(c)(3) Education

RALEIGH, NC

Total Revenue
$17,212,690
Total Expenses
$10,498,920
Total Assets
$22,423,287
Net Assets
$20,035,344
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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
1966
Legal Domicile
NC
Principal Officer
WILLIAM M WOODS
Phone
9197726264
Tax Period
2024-07-01 to 2025-06-30

WAKE CHRISTIAN ACADEMY INC, founded in 1966, is a mid-sized nonprofit in the Education sector that reported $17.2M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.7M, a strong 39% operating margin.

Mission

WAKE CHRISTIAN ACADEMY, INC. IS A SCHOOL WHOSE MISSION IS TO PARTNER WITH THE CHRISTIAN HOME AND THE CHURCH TO PROVIDE A CHRIST-CENTERED, QUALITY EDUCATION AND TO PROCLAIM THE GOOD NEWS OF JESUS CHRIST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,944,405
Program Service Revenue $10,810,301
Investment Income $407,928
Other Revenue $50,056
TOTAL REVENUE $17,212,690

Expense Breakdown

Grants Paid $262,084
Salaries & Benefits $6,892,161
Fundraising Expenses $93,512
Program Expenses $7,616,494
Other Expenses $3,344,675
TOTAL EXPENSES $10,498,920

Year-over-Year Comparison

2024 2023 Change
Revenue $17,212,690 $11,189,419 +0.5%
Expenses $10,498,920 $9,868,665 +0.1%
Net Income $6,713,770 $1,320,754 +4.1%
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

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Governance

Voting Members
10
Independent Members
10
Employees
228
Volunteers
160

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
4
$174,778
Total Directors
11
$174,778
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM M WOODS EXECUTIVE SE 40.00
Officer Director
$162,404 $12,374 $174,778
MARK SWICEGOOD CHAIRMAN 1.00
Officer Director
$0 $0 $0
BRENT GORE 1ST VICE PRE 1.00
Officer Director
$0 $0 $0
DAVID THERIT 2ND VICE PRE 1.00
Officer Director
$0 $0 $0
DR MIKE LARSEN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL LUETHY DIRECTOR 1.00
Director
$0 $0 $0
CHARLES JONES DIRECTOR 1.00
Director
$0 $0 $0
ABRAM MERCEDES DIRECTOR 1.00
Director
$0 $0 $0
SANDRA SAULS DIRECTOR 1.00
Director
$0 $0 $0
KEVIN MAY DIRECTOR 1.00
Director
$0 $0 $0
JASON RACKLEY DIRECTOR 1.00
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 $17,212,690 $10,498,920 $22,423,287 $6,713,770
2024 $11,189,419 $9,868,665 $14,804,114 $1,320,754
2023 $10,198,663 $8,990,452 $13,597,428 $1,208,211
2022 $9,308,867 $8,197,581 $12,171,186 $1,111,286
2021 $8,454,571 $6,962,666 $11,102,147 $1,491,905
2020 $7,536,503 $7,029,033 $10,269,658 $507,470
2019 $7,684,876 $7,039,015 $9,351,297 $645,861
2018 $6,921,328 $6,563,925 $8,851,829 $357,403
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