FAITH ACADEMY OF MOBILE INC (EIN 581898405) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

TIM SKELTON

Phone

2516337267

Tax Period

2024-07-01 to 2025-06-30

FAITH ACADEMY OF MOBILE INC, founded in 1990, is a community nonprofit in the Education sector that reported $8.9M in total revenue in fiscal year 2018. Expenses of $8.1M left a modest 8% surplus.

Mission

THE CORPORATION OWNS AND OPERATES A CHRISTIAN SCHOOL WHICH PROVIDES PRIMARY EDUCATION, INCLUDING TRADITIONAL COURSES OF STUDY, FOR STUDENTS IN GRADES PRE-K THROUGH 12

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $40,406

Program Service Revenue $12,903,000

Investment Income $198,124

Other Revenue $168,266

TOTAL REVENUE $13,309,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,743,239

Fundraising Expenses $0

Program Expenses $8,146,617

Other Expenses $4,172,442

TOTAL EXPENSES $10,915,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,309,796	$13,400,826	0.0%
Expenses	$10,915,681	$11,581,428	-0.1%
Net Income	$2,394,115	$1,819,398	+0.3%

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

N/A

Employees

177

Volunteers

194

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

$417,501

Total Directors

$417,501

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN TIMOTHY SKELTON	HEADMASTER	40.00	Officer Director	$83,069	$0	$83,069
ANNA PENELOPE SKELTON	BOARD MEMBER	0.00	Director	$0	$0	$0
BARRY PICKERING	HIGH SCHOOL PRINCIPA	40.00	Officer Director	$82,829	$0	$82,829
SABRA D KIRBY	PRIMARY SCHOOL PRINC	40.00	Officer Director	$0	$0	$0
STEVE BRASWELL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$49,492
RICHARD E BRASWELL	PRESIDENT	1.00	Officer Director	$0	$0	$147,281
GERI W SIKES	ELEM SCHOOL PRINCIPA	40.00	Officer Director	$54,830	$0	$54,830
SUZANNE HOWARD	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	$13,309,796	$10,915,681	$30,928,484	$2,394,115
2024	$13,400,826	$11,581,428	$28,593,258	$1,819,398
2023	$13,835,500	$11,022,392	$26,555,766	$2,813,108
2022	$11,496,826	$9,899,242	$23,442,606	$1,597,584
2021	$12,781,489	$8,688,709	$21,515,815	$4,092,780
2019	$8,882,201	$8,146,955	$16,347,516	$735,246

FAITH ACADEMY OF MOBILE INC