FREEDOM CHRISTIAN ACADEMY INC (EIN 611585719) - 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

2008

Legal Domicile

Principal Officer

MARK MORSE

Phone

9104857777

Tax Period

2023-07-01 to 2024-06-30

FREEDOM CHRISTIAN ACADEMY INC, founded in 2008, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $5.7M left a modest 13% surplus.

Mission

TO CREATE A NUTURING ENVIRONMENT THAT ENCOURAGES AND EQUIPS ITS STUDENTS TO FULLY SEEK TRUTH FOR THEIR LIVES AND PRODUCES CITIZEN-LEADERS OF EXCELLENCE, WISDOM, AND CHRISTIAN FAITH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,062,235

Program Service Revenue $4,942,074

Investment Income $76,897

Other Revenue $472,686

TOTAL REVENUE $6,553,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,518,033

Fundraising Expenses $0

Program Expenses $5,477,123

Other Expenses $2,170,449

TOTAL EXPENSES $5,688,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,553,892	$6,040,666	+0.1%
Expenses	$5,688,482	$5,228,139	+0.1%
Net Income	$865,410	$812,527	+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

197

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
KELVIN THOMPSON	SECRETARY	1.00	Officer Director	$0	$0	$0
REBECCA CALHOUN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ALBERT NORTON	MEMBER	1.00	Director	$0	$0	$0
MARK MORSE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SHARI FINKLER	MEMBER	1.00	Director	$0	$0	$0
TREMAYNE THURMAN	MEMBER	1.00	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	$6,553,892	$5,688,482	$10,513,326	$865,410
2023	$6,040,666	$5,228,139	$9,370,836	$812,527
2022	$5,903,112	$4,670,616	$8,453,695	$1,232,496
2021	$4,863,005	$4,102,973	$8,138,877	$760,032
2020	$4,105,559	$4,352,151	$8,179,559	$-246,592
2019	$3,733,188	$4,308,102	$8,022,786	$-574,914
2018	$3,617,786	$4,406,557	$8,322,706	$-788,771

FREEDOM CHRISTIAN ACADEMY INC