QUEST ACADEMY (EIN 561831343) - 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

1999

Legal Domicile

Principal Officer

BROCK LAVRACK

Phone

9198410441

Tax Period

2024-07-01 to 2025-06-30

QUEST ACADEMY, founded in 1999, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $303K, a strong 17% operating margin.

Mission

PUBLIC CHARTER SCHOOL PROVIDING EDUCATION OF STUDENTS IN GRADES K-8.

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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 $1,699,411

Program Service Revenue $0

Investment Income $39,724

Other Revenue $11,286

TOTAL REVENUE $1,750,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,061,651

Fundraising Expenses $0

Program Expenses $1,132,132

Other Expenses $386,137

TOTAL EXPENSES $1,447,788

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,750,421	$1,617,091	+0.1%
Expenses	$1,447,788	$1,383,202	+0.0%
Net Income	$302,633	$233,889	+0.3%

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

$97,575

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROCK LAVRACK	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JOHN MEDICKE	ASST BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN GRANT	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA SCHNARS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY DAVIES	BOARD MEMBER	1.00	Director	$0	$0	$0
MEMORY WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH READMOND	ADMINISTRATOR	40.00	Officer	$97,575	$0	$97,575

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	$1,750,421	$1,447,788	$3,254,512	$302,633
2024	$1,617,091	$1,383,202	$2,956,093	$233,889
2023	$1,557,379	$1,277,122	$2,777,618	$280,257
2022	$1,533,153	$1,278,575	$2,442,501	$254,578
2021	$1,428,239	$1,251,396	$2,409,445	$176,843
2020	$1,364,725	$1,172,582	$2,452,456	$192,143
2019	$1,293,634	$1,182,234	$2,751,883	$111,400
2018	$1,244,486	$1,144,120	$2,744,359	$100,366

QUEST ACADEMY