FOUNDATION CHRISTIAN ACADEMY INC (EIN 593128048) - 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

1992

Legal Domicile

Principal Officer

KENNETH W FRANKLIN JR

Phone

8136542969

Tax Period

2024-08-01 to 2025-07-31

FOUNDATION CHRISTIAN ACADEMY INC, founded in 1992, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 13% surplus.

Mission

PROVIDING A FIRM FOUNDATION OF QUALITY EDUCATIONAL EXPERIENCES FOCUSED ON ACADEMIC EXCELLENCE, COMMUNITY SERVICE, AND CIVIC RESPONSIBILITY IN A SAFE, NUTURING CHRISTIAN ENVIRONMENT FOR PRESCHOOL THROUGH 12TH GRADE STUDENTS.

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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 $0

Program Service Revenue $4,965,385

Investment Income $64,463

Other Revenue $50,543

TOTAL REVENUE $5,080,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,988,042

Fundraising Expenses $6,342

Program Expenses $4,321,763

Other Expenses $1,436,354

TOTAL EXPENSES $4,424,396

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,080,391	$4,435,745	+0.1%
Expenses	$4,424,396	$3,381,264	+0.3%
Net Income	$655,995	$1,054,481	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRISON COWAN	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK RYAN KILLEEN	TRUSTEE	1.00	Director	$0	$0	$0
LORI MIKULA	TRUSTEE	1.00	Director	$0	$0	$0
KEN WARD	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH W FRANKLIN JR	PRESIDENT	10.00	Officer	$0	$0	$0
JAYE TROVILLION	SECRETARY/TR	10.00	Officer	$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	$5,080,391	$4,424,396	$9,422,893	$655,995
2024	$4,435,745	$3,381,264	$8,570,449	$1,054,481
2023	$4,060,967	$3,222,508	$7,721,603	$838,459
2022	$4,130,781	$2,856,352	$7,083,560	$1,274,429
2021	$3,230,188	$2,508,323	$6,013,943	$721,865
2020	$3,166,194	$2,533,923	$5,774,061	$632,271
2018	$2,562,033	$2,326,426	$5,236,733	$235,607

FOUNDATION CHRISTIAN ACADEMY INC