HALIFAX ACADEMY A CHRISTIAN SCHOOL (EIN 560937179) - 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

1969

Legal Domicile

Phone

2525378527

Tax Period

2024-07-01 to 2025-06-30

HALIFAX ACADEMY A CHRISTIAN SCHOOL, founded in 1969, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $484K, a strong 17% operating margin.

Mission

Education of students.

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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 $26,583

Program Service Revenue $2,399,468

Investment Income $75,905

Other Revenue $351,354

TOTAL REVENUE $2,853,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,757,124

Fundraising Expenses $0

Program Expenses $2,369,163

Other Expenses $612,039

TOTAL EXPENSES $2,369,163

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,853,310	$2,439,457	+0.2%
Expenses	$2,369,163	$2,129,763	+0.1%
Net Income	$484,147	$309,694	+0.6%

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

N/A

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

$92,564

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL FERGUSON	Head of School	40.00	Officer	$92,564	$0	$92,564
ELIZABETH DANIEL	Trustee	2.00	Director	$0	$0	$0
ROBBIE HARVELL	Trustee	2.00	Director	$0	$0	$0
BRANDON LYNCH	Trustee	0.00	Director	$0	$0	$0
RONALD KEETER	Trustee	2.00	Director	$0	$0	$0
BRIAN CIESLINSKI	Chairman	2.00	Director	$0	$0	$0
HEATHER COOKE	Trustee	2.00	Director	$0	$0	$0
EUGENE KIBBY	Secretary	2.00	Director	$0	$0	$0
ROBBIE HARRIS	Trustee	2.00	Director	$0	$0	$0
PHILIP DANIEL	Trustee	2.00	Director	$0	$0	$0
MICHAEL BUTTS	Trustee	2.00	Director	$0	$0	$0
BRENT HAMILL	Vice Chair	2.00	Director	$0	$0	$0
BEN WOMACK	Trustee	2.00	Director	$0	$0	$0
ELLIS CREW	Trustee	2.00	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	$2,853,310	$2,369,163	$3,099,701	$484,147
2024	$2,439,457	$2,129,763	$2,587,902	$309,694
2023	$2,197,921	$2,048,415	$2,925,619	$149,506
2022	$2,348,380	$1,865,171	$2,691,230	$483,209
2021	$1,965,559	$1,795,294	$2,417,433	$170,265
2020	$1,750,139	$1,668,879	$2,070,450	$81,260
2019	$1,915,012	$1,742,848	$1,823,739	$172,164

HALIFAX ACADEMY A CHRISTIAN SCHOOL