TRINITY ACADEMY INC

EIN: 561913131 501(c)(3) Education

RALEIGH, NC

Total Revenue
$16,541,224
Total Expenses
$11,929,556
Total Assets
$34,078,420
Net Assets
$18,334,855
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NC
Principal Officer
DR TIMOTHY BRIDGES
Phone
9197860114
Tax Period
2024-07-01 to 2025-06-30

TRINITY ACADEMY INC, founded in 1996, is a mid-sized nonprofit in the Education sector that reported $16.5M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 28% operating margin.

Mission

THE MISSION OF TRINITY ACADEMY IS TO EQUIP STUDENTS TO LIVE WITH WISDOM, EXCELLENCE, AND PURPOSE IN THE MODERN WORLD BY OFFERING AN EDUCATION GROUNDED IN THE CHRISTIAN FAITH AND THE CLASSICAL TRADITION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,684,552
Program Service Revenue $10,505,703
Investment Income $377,520
Other Revenue $-26,551
TOTAL REVENUE $16,541,224

Expense Breakdown

Grants Paid $1,318,445
Salaries & Benefits $7,125,215
Fundraising Expenses $641,998
Program Expenses $8,422,097
Other Expenses $3,485,896
TOTAL EXPENSES $11,929,556

Year-over-Year Comparison

2024 2023 Change
Revenue $16,541,224 $11,702,264 +0.4%
Expenses $11,929,556 $10,991,643 +0.1%
Net Income $4,611,668 $710,621 +5.5%
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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Governance

Voting Members
11
Independent Members
7
Employees
241
Volunteers
365

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
4
$206,506
Total Directors
11
$1,750
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT BOLIN CHAIRMAN 2.00
Officer Director
$0 $0 $0
ALLISON HINKLE FINANCE CHAIR 2.00
Officer Director
$0 $0 $0
DAVID THOMPSON EXECUTIVE VICE CHAIR 2.00
Officer Director
$0 $0 $0
CORRIE BITSAS BOARD MEMBER 1.00
Director
$0 $0 $0
MATT BRUBAKER BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH GESSNER BOARD MEMBER 1.00
Director
$0 $0 $0
MITCH GOOLSBY BOARD MEMBER 1.00
Director
$0 $0 $0
TOM KILPATRICK BOARD MEMBER 1.00
Director
$0 $0 $0
KELSEY PLUMMER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE RITCHIE BOARD MEMBER 1.00
Director
$0 $0 $0
KYLE TUCKER BOARD MEMBER 1.00
Director
$1,750 $0 $1,750
DR TIMOTHY BRIDGES HEAD OF SCHOOL 40.00
Officer
$196,722 $9,784 $206,506
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 $16,541,224 $11,929,556 $34,078,420 $4,611,668
2024 $11,702,264 $10,991,643 $28,766,117 $710,621
2023 $9,841,052 $8,723,779 $27,380,314 $1,117,273
2022 $11,897,503 $7,861,111 $21,935,627 $4,036,392
2021 $10,443,650 $6,911,594 $17,362,092 $3,532,056
2020 $7,221,666 $6,231,913 $13,036,196 $989,753
2019 $5,566,590 $5,104,170 $12,063,480 $462,420
2018 $4,925,435 $4,930,077 $11,544,575 $-4,642
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