HARRELLS CHRISTIAN ACADEMY (EIN 560939117) - 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

Principal Officer

ANDY WELLS

Phone

9105324575

Tax Period

2024-07-01 to 2025-06-30

HARRELLS CHRISTIAN ACADEMY, founded in 1969, is a community nonprofit in the Education sector that reported $6.6M in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $5.9M left a modest 10% surplus.

Mission

OPERATION OF PRIVATE DAY SCHOOL FOR GRADES K-12

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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 $798,125

Program Service Revenue $5,585,037

Investment Income $144,641

Other Revenue $25,181

TOTAL REVENUE $6,552,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,567,408

Fundraising Expenses $0

Program Expenses $4,383,171

Other Expenses $2,320,306

TOTAL EXPENSES $5,887,714

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,552,984	$11,062,880	-0.4%
Expenses	$5,887,714	$5,517,938	+0.1%
Net Income	$665,270	$5,544,942	-0.9%

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

$125,551

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATSY BARNHILL	CHAIRMAN	1.00	Director	$0	$0	$0
HOLDEN DUBOSE	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN FUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HARDISON	DIRECTOR	1.00	Director	$0	$0	$0
COWAN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
HAYES LUDLUM	DIRECTOR	1.00	Director	$0	$0	$0
WENDY MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
JANET PRESTAGE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
HENRY STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
TART LEE	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
GARY MAC HERRING	VICE-CHAIRMAN	1.00	Director	$0	$0	$0
REID SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ANDY WELLS	HEADMASTER	40.00	Officer	$125,551	$0	$125,551

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	$6,552,984	$5,887,714	$13,359,468	$665,270
2024	$11,062,880	$5,517,938	$12,416,491	$5,544,942
2023	$6,270,506	$5,177,648	$6,868,256	$1,092,858
2022	$4,286,772	$4,410,002	$5,636,219	$-123,230
2021	$4,258,622	$3,795,278	$5,680,737	$463,344
2020	$3,372,858	$3,852,353	$5,657,960	$-479,495
2019	$3,627,355	$3,827,089	$5,853,238	$-199,734
2018	$3,790,621	$4,131,266	$6,044,629	$-340,645

HARRELLS CHRISTIAN ACADEMY