Thomas Jefferson Classical Academy

EIN: 562123336 501(c)(3) Education

Mooresboro, NC

Total Revenue
$15,845,305
Total Expenses
$12,891,297
Total Assets
$9,501,488
Net Assets
$9,053,813
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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
NC
Principal Officer
Karin Cook
Phone
8286579998
Tax Period
2023-07-01 to 2024-06-30

Thomas Jefferson Classical Academy, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $15.8M in total revenue in fiscal year 2023. The organization ran a surplus of $3.0M, a strong 19% operating margin.

Mission

Operate a charter school in NC

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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 $14,698,233
Program Service Revenue $371,207
Investment Income $43,019
Other Revenue $732,846
TOTAL REVENUE $15,845,305

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,175,446
Fundraising Expenses $0
Program Expenses $8,122,372
Other Expenses $4,715,851
TOTAL EXPENSES $12,891,297

Year-over-Year Comparison

2023 2022 Change
Revenue $15,845,305 $15,246,898 +0.0%
Expenses $12,891,297 $14,496,323 -0.1%
Net Income $2,954,008 $750,575 +2.9%
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

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Governance

Voting Members
15
Independent Members
13
Employees
N/A
Volunteers
150

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
$0
Total Directors
18
$258,739
Key Employees
2
$159,982
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paul Foley Team CFP&Co-Treasurer 2.00
Officer Director
$0 $0 $0
Ray Maxwell Grievance Chair 2.00
Officer Director
$0 $0 $0
Tony Robbins Director 1.00
Director
$0 $0 $0
Andy Francis Member 1.00
Director
$0 $0 $0
Elizabeth Sabolovic Co-Treasurer 2.00
Officer Director
$0 $0 $0
Christine Sutton Secretary 2.00
Officer Director
$0 $0 $0
Sally Harbin Member 1.00
Director
$0 $0 $0
Jacob Friedman Member 1.00
Director
$0 $0 $0
Jen Halliday Vice Chair 2.00
Director
$0 $0 $0
Jason Cole Executive Director 40.00
Director Key Emp Highest
$102,227 $0 $102,227
Susan White Finance Officer 40.00
Director Key Emp
$57,755 $0 $57,755
Jodi Issacs Associate Executive Dir 40.00
Director
$98,757 $0 $98,757
Jeanette Sims Member 2.00
Director
$0 $0 $0
Doug Grondahl Member 2.00
Director
$0 $0 $0
Darla Henderson Member 2.00
Director
$0 $0 $0
Karin Cook Board Chair 2.00
Director
$0 $0 $0
Adrian Finley Member 2.00
Director
$0 $0 $0
Donna Trimble Member 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 No data No data No data No data
2024 $15,845,305 $12,891,297 $9,501,488 $2,954,008
2023 $15,246,898 $14,496,323 $6,740,709 $750,575
2022 $13,975,505 $13,713,127 $5,561,698 $262,378
2021 $12,040,178 $11,914,726 $5,267,740 $125,452
2020 $12,081,573 $10,982,792 $5,520,586 $1,098,781
2019 $11,484,349 $11,258,837 $4,041,621 $225,512
2018 $10,550,667 $10,723,491 $3,664,723 $-172,824
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