Canyon Rim Academy (EIN 562594961) - 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

2006

Legal Domicile

Principal Officer

David Garrett

Phone

8014742066

Tax Period

2024-07-01 to 2025-06-30

Canyon Rim Academy, founded in 2006, is a community nonprofit in the Education sector that reported $5.9M in total revenue in fiscal year 2024. The organization ran a surplus of $1.3M, a strong 23% operating margin.

Mission

To offer educational services in the form of a public elementary charter school.

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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 $5,519,928

Program Service Revenue $126,455

Investment Income $258,553

Other Revenue $5,240

TOTAL REVENUE $5,910,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,465,191

Fundraising Expenses $0

Program Expenses $3,928,794

Other Expenses $1,098,866

TOTAL EXPENSES $4,564,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,910,176	$5,719,306	+0.0%
Expenses	$4,564,057	$4,504,066	+0.0%
Net Income	$1,346,119	$1,215,240	+0.1%

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

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

$288,169

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nils Lofgren	Board Member	2.00	Officer Director	$0	$0	$0
Shauna Cundick	Secretary	2.00	Officer Director	$0	$0	$0
David Hillyard	Board Member	2.00	Director	$0	$0	$0
Bekah Masters	Board Member	2.00	Director	$0	$0	$0
Robert Booth	President	3.00	Director	$0	$0	$0
Justin Scott	Board Member	2.00	Director	$0	$0	$0
Ashley Bloxham	Board Member	2.00	Director	$0	$0	$0
David Garrett	Business Manager	40.00	Officer	$127,731	$23,760	$151,491
Colleen Mitchell	Director	40.00	Officer	$110,566	$26,112	$136,678

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	$5,910,176	$4,564,057	$11,470,430	$1,346,119
2024	$5,719,306	$4,504,066	$10,158,847	$1,215,240
2023	$5,253,261	$3,913,916	$8,963,051	$1,339,345
2022	$4,584,963	$3,528,795	$7,575,117	$1,056,168
2021	$4,229,960	$3,430,169	$6,500,044	$799,791
2020	$3,936,774	$3,137,286	$5,684,179	$799,488
2019	$3,856,052	$3,117,295	$7,142,245	$738,757
2018	$3,683,069	$2,968,227	$6,389,575	$714,842

Canyon Rim Academy