COLUMBIA ACADEMY INC (EIN 640466868) - 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

1967

Legal Domicile

Principal Officer

TOMMY PENNINGTON

Phone

6017366418

Tax Period

2024-07-01 to 2025-06-30

COLUMBIA ACADEMY INC, founded in 1967, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

EDUCATIONAL SERVICES

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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 $88,391

Program Service Revenue $3,964,734

Investment Income $58,260

Other Revenue $0

TOTAL REVENUE $4,111,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,524,791

Fundraising Expenses $0

Program Expenses $4,111,014

Other Expenses $1,586,223

TOTAL EXPENSES $4,111,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,111,385	$3,782,389	+0.1%
Expenses	$4,111,014	$3,782,108	+0.1%
Net Income	$371	$281	+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

120

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
TOMMY PENNINGTON	PRESIDENT	5.00	Officer	$0	$0	$0
COREY MCCAIN	VICE PRESIDENT	5.00	Officer	$0	$0	$0
GEOFFREY MCMICHAEL	TREASURER	5.00	Officer	$0	$0	$0
BRANDI STOGNER	SECRETARY	5.00	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	$4,111,385	$4,111,014	$4,097,295	$371
2024	No data	No data	No data	No data
2023	$3,434,168	$3,644,536	$3,653,889	$-210,368
2022	$3,357,900	$3,560,058	$2,853,264	$-202,158
2022	$3,357,900	$2,664,559	$3,842,732	$693,341
2021	$3,798,657	$3,208,800	$3,365,945	$589,857
2020	$2,767,545	$2,865,581	$2,917,157	$-98,036
2019	$2,978,859	$2,963,828	$2,704,209	$15,031
2018	$3,072,962	$3,157,387	$2,751,006	$-84,425

COLUMBIA ACADEMY INC