CANTON ACADEMIC FOUNDATION INC (EIN 640435452) - 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

1965

Principal Officer

DANIEL S SPIVEY

Phone

6018595231

Tax Period

2023-07-01 to 2024-06-30

CANTON ACADEMIC FOUNDATION INC, founded in 1965, is a community nonprofit in the Recreation & Sports sector that reported $3.6M in total revenue in fiscal year 2023.

Mission

TO EDUCATE STUDENTS WITH VARIED LEARNING EXPERIENCES SO THAT THEY MAY GROW INTELLECTUALLY, SOCIALLY, MORALLY, AND PHYSICALLY.

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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 $70,457

Program Service Revenue $3,519,032

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,589,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,964,021

Fundraising Expenses $337,299

Program Expenses $3,054,860

Other Expenses $1,679,962

TOTAL EXPENSES $3,643,983

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,589,489	$3,392,958	+0.1%
Expenses	$3,643,983	$2,913,868	+0.3%
Net Income	$-54,494	$479,090	-1.1%

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

105

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
LIBBY BRADBERRY	TREASURER	N/A	Officer Director	$0	$0	$0
JAMES RYAN LASTER	HEAD OF SCHO	N/A	Officer Director	$0	$0	$0
LEIGH PACE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KASEY RATHER	SECRETARY	N/A	Officer Director	$0	$0	$0
DANIEL S SPIVEY	PRESIDENT	N/A	Officer 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
2024	$3,589,489	$3,643,983	$5,113,925	$-54,494
2023	$3,392,958	$2,913,868	$3,228,201	$479,090
2022	$2,619,516	$2,793,175	$1,996,191	$-173,659
2021	$2,855,790	$2,650,828	$2,175,148	$204,962
2020	$2,634,253	$2,584,346	$2,220,489	$49,907
2019	$2,505,527	$2,668,373	$1,893,072	$-162,846
2018	$3,027,751	$2,726,287	$1,816,455	$301,464

CANTON ACADEMIC FOUNDATION INC