PUNGO CHRISTIAN ACADEMY (EIN 560906348) - 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

1968

Legal Domicile

Principal Officer

DARREN ARMSTRONG

Phone

2529432678

Tax Period

2023-06-01 to 2024-05-31

PUNGO CHRISTIAN ACADEMY, founded in 1968, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

PRIVATE SCHOOL OFFERING ELEMENTARY AND HIGH SCHOOL EDUCATIONAL OPPORTUNITIES TO ALL PERSONS WITHOUT REGARD TO RACE, CREED, OR COLOR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $183,827

Program Service Revenue $1,546,794

Investment Income $8,564

Other Revenue $100,250

TOTAL REVENUE $1,839,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,097,206

Fundraising Expenses $0

Program Expenses $1,576,216

Other Expenses $698,805

TOTAL EXPENSES $1,796,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,839,435	$1,977,699	-0.1%
Expenses	$1,796,011	$1,769,659	+0.0%
Net Income	$43,424	$208,040	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARREN K ARMSTRONG	CHAIRMAN	1.50	Director	$0	$0	$0
SANDRA WARREN	BOARD MEMBER	1.50	Director	$0	$0	$0
BETHANY PUGH	SECRETARY/TREASURER	1.50	Director	$0	$0	$0
CHARLES TOOLEY	BOARD MEMBER	1.50	Director	$0	$0	$0
BRITT BOYD	BOARD MEMBER	1.50	Director	$0	$0	$0
JULIE HODGES	BOARD MEMBER	1.50	Director	$0	$0	$0
CHAD STOOP	BOARD MEMBER	1.50	Director	$0	$0	$0
JIMMY WALKER	BOARD MEMBER	1.50	Director	$0	$0	$0
STUART RICKS	VICE CHAIRMAN	1.50	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	$1,839,435	$1,796,011	$976,018	$43,424
2023	$1,977,699	$1,769,659	$1,123,860	$208,040
2022	$1,566,050	$1,452,188	$847,692	$113,862
2021	$1,411,329	$1,247,476	$622,746	$163,853
2020	$1,376,952	$1,151,635	$516,218	$225,317
2019	$1,273,593	$1,179,239	$488,722	$94,354

PUNGO CHRISTIAN ACADEMY