Hope Christian Academy (EIN 562646547) - 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

2007

Legal Domicile

Principal Officer

Ethan Ware

Phone

8037904028

Tax Period

2024-07-01 to 2025-06-30

Hope Christian Academy, founded in 2007, is a small nonprofit in the Education sector that reported $185K in total revenue in fiscal year 2024. Expenses of $172K left a modest 7% surplus.

Mission

To provide a nurturing educational environment where students with low cognitive ability can learn and prosper.

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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 $39,153

Program Service Revenue $145,900

Investment Income $23

Other Revenue $-29

TOTAL REVENUE $185,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,793

Fundraising Expenses $0

Program Expenses $114,326

Other Expenses $33,380

TOTAL EXPENSES $172,173

Year-over-Year Comparison

	2024	2023	Change
Revenue	$185,047	$193,644	0.0%
Expenses	$172,173	$186,680	-0.1%
Net Income	$12,874	$6,964	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kay Ware	Vice Chairman	8.00	Officer Director	$0	$0	$0
Ethan Ware	Board Member	0.25	Director	$0	$0	$0
Edward Earwood	Board Member	0.25	Director	$0	$0	$0
Dennae Handford	Board Member	0.00	Director	$0	$0	$0
Joshua Craft	Board Member	0.00	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	$185,047	$172,173	$168,604	$12,874
2024	$193,644	$186,680	$180,405	$6,964
2023	$192,322	$176,025	$165,666	$16,297
2022	$192,046	$160,442	$141,316	$31,604
2021	$163,018	$172,531	$101,846	$-9,513
2020	$127,706	$162,604	$100,602	$-34,898
2019	$229,011	$159,409	$136,930	$69,602

Hope Christian Academy