CALDWELL ACADEMY

EIN: 561898871 501(c)(3) Education

GREENSBORO, NC

Total Revenue
$14,227,405
Total Expenses
$9,871,121
Total Assets
$25,258,724
Net Assets
$14,864,019
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NC
Principal Officer
BRAD NEWKIRK
Phone
3366651161
Tax Period
2023-07-01 to 2024-06-30

CALDWELL ACADEMY, founded in 1994, is a mid-sized nonprofit in the Education sector that reported $14.2M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 31% operating margin.

Mission

CALDWELL ACADEMY'S MISSION IS TO ASSIST PARENTS FROM A BIBLICAL PERSPECTIVE IN THE INSTRUCTION OF THEIR CHILDREN BY PROVIDING A CLASSICAL AND CHRISTIAN EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,777,412
Program Service Revenue $8,263,206
Investment Income $177,636
Other Revenue $9,151
TOTAL REVENUE $14,227,405

Expense Breakdown

Grants Paid $1,119,142
Salaries & Benefits $5,736,748
Fundraising Expenses $251,524
Program Expenses $8,759,668
Other Expenses $3,015,231
TOTAL EXPENSES $9,871,121

Year-over-Year Comparison

2023 2022 Change
Revenue $14,227,405 $8,775,793 +0.6%
Expenses $9,871,121 $9,010,438 +0.1%
Net Income $4,356,284 $-234,645 -19.6%
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

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Governance

Voting Members
13
Independent Members
13
Employees
187
Volunteers
100

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
5
$279,709
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAPEIRRE MIKE CHAIR 5.00
Officer Director
$0 $0 $0
KORNEGAY JOHN VICE CHAIR 5.00
Officer Director
$0 $0 $0
NEWKIRK BRAD TREASURER 5.00
Officer Director
$0 $0 $0
BROWN HEIDI BOARD MEMBER 1.00
Director
$0 $0 $0
BATES DWIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
FLYNN CRYSTAL BOARD MEMBER 1.00
Director
$0 $0 $0
JONES CAROLINE BOARD MEMBER 1.00
Director
$0 $0 $0
RAMOS LESLIE BOARD MEMBER 1.00
Director
$0 $0 $0
KETTERMAN MATT BOARD MEMBER 1.00
Director
$0 $0 $0
ANDERSON SETH BOARD MEMBER 1.00
Director
$0 $0 $0
WRIGHT LORI BOARD MEMBER 1.00
Director
$0 $0 $0
KIRKPATRICK JIM BOARD MEMBER 1.00
Director
$0 $0 $0
WILSON KEVIN BOARD MEMBER 1.00
Director
$0 $0 $0
TOTH DENA BUSINESS MANAGER 40.00
Officer
$48,340 $13,827 $62,167
HOLLAND TIM HEAD OF SCHOOL 40.00
Officer
$201,445 $16,097 $217,542
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 $14,227,405 $9,871,121 $25,258,724 $4,356,284
2023 $8,775,793 $9,010,438 $21,094,372 $-234,645
2022 $8,088,099 $8,255,857 $20,742,733 $-167,758
2021 $7,631,288 $7,457,147 $21,775,889 $174,141
2020 $7,765,898 $7,504,551 $21,672,477 $261,347
2019 $7,785,626 $8,323,581 $22,447,745 $-537,955
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