FAYETTE ACADEMY (EIN 620726245) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

KATHY DAVIS

Phone

9014653241

Tax Period

2022-07-01 to 2023-06-30

FAYETTE ACADEMY, founded in 1965, is a community nonprofit in the Education sector that reported $7.3M in total revenue in fiscal year 2022. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $6.3M left a modest 14% surplus.

Mission

FAYETTE ACADEMY IS A COLLEGE PREPARATORY SCHOOL BASED ON CHRISTIAN BELIEFS AND IS DEDICATED TO PROVIDING A QUALITY EDUCATION FOR STUDENTS IN PRE-K TO GRADE TWELVE. THE SCHOOL IS COMMITTED TO THE DEVELOPMENT OF EACH STUDENT WITH EMPHASIS PLACED ON ACADEMIC, PERSONAL, MORAL, SOCIAL, AND PHYSICAL DEVELOPMENT IN A SAFE ENVIRONMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,438,747

Program Service Revenue $5,935,167

Investment Income $63,576

Other Revenue $-119,289

TOTAL REVENUE $7,318,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,663,319

Fundraising Expenses $65,539

Program Expenses $3,660,962

Other Expenses $2,600,187

TOTAL EXPENSES $6,263,506

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,318,201	$5,865,591	+0.2%
Expenses	$6,263,506	$6,079,756	+0.0%
Net Income	$1,054,695	$-214,165	-5.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

118

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
BLAKE NEILL	CHAIRMAN	4.00	Officer Director	$0	$0	$0
ROB BELL	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
MONIA GARABITO	SECRETARY	4.00	Officer Director	$0	$0	$0
ALEX ARMOUR	DIRECTOR	4.00	Director	$0	$0	$0
JACOB SMITH	DIRECTOR	4.00	Director	$0	$0	$0
BRIAN K CULVER	DIRECTOR	4.00	Director	$0	$0	$0
CRYSTAL ISOM	DIRECTOR	4.00	Director	$0	$0	$0
DAVID DOUGLAS	DIRECTOR	4.00	Director	$0	$0	$0
RONALD JENKINS	TREASURER	4.00	Director	$0	$0	$0
MARJORY WALKER	DIRECTOR	4.00	Director	$0	$0	$0
MIKE ATKEISON	DIRECTOR	4.00	Director	$0	$0	$0
ELLIS WHITE	DIRECTOR	4.00	Director	$0	$0	$0
TOM MINOR	DIRECTOR	4.00	Director	$0	$0	$0
ELLEN DEFOOR	DIRECTOR	4.00	Director	$0	$0	$0
JAMIE DAWSON	DIRECTOR	4.00	Director	$0	$0	$0
COURTNEY BURNETTE	HEAD OF SCHOOL	40.00	Highest	$109,108	$4,474	$113,582

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	No data	No data	No data	No data
2023	$7,318,201	$6,263,506	$9,956,981	$1,054,695
2022	$5,865,591	$6,079,756	$8,678,300	$-214,165
2021	$5,496,842	$5,294,241	$8,858,153	$202,601
2020	$5,767,060	$5,272,385	$8,026,856	$494,675
2019	$5,240,535	$5,134,933	$8,529,986	$105,602
2018	$5,312,457	$5,117,314	$8,021,124	$195,143

FAYETTE ACADEMY