FAUSTINA ACADEMY

EIN: 710942139 501(c)(3) Education

IRVING, TX

Total Revenue
$1,445,535
Total Expenses
$1,397,727
Total Assets
$1,621,296
Net Assets
$1,363,595
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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
2003
Legal Domicile
TX
Principal Officer
CHRISTINA MEHAFFEY
Phone
9722546726
Tax Period
2024-07-01 to 2025-06-30

FAUSTINA ACADEMY, founded in 2003, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 3% surplus.

Mission

EDUCATION OF CHILDREN FROM PRE-KINDERGARTEN THROUGH GRADE 12

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $279,994
Program Service Revenue $1,041,517
Investment Income $6,300
Other Revenue $117,724
TOTAL REVENUE $1,445,535

Expense Breakdown

Grants Paid $0
Salaries & Benefits $984,210
Fundraising Expenses $0
Program Expenses $1,325,227
Other Expenses $413,517
TOTAL EXPENSES $1,397,727

Year-over-Year Comparison

2024 2023 Change
Revenue $1,445,535 $1,242,402 +0.2%
Expenses $1,397,727 $1,273,846 +0.1%
Net Income $47,808 $-31,444 -2.5%
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

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Governance

Voting Members
5
Independent Members
5
Employees
29
Volunteers
172

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
1
$72,500
Total Directors
5
$0
Key Employees
1
$72,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINA MEHAFFEY PRINCIPAL 40.00
Officer Key Emp Highest
$72,500 $0 $72,500
RAPHAEL FLOOD CHAIRMAN OF THE BOARD 3.00
Director
$0 $0 $0
SCOTT JEGGLE BOARD MEMBER 1.00
Director
$0 $0 $0
RANDY IRLBECK BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN ALEXANDER BOARD MEMBER 1.00
Director
$0 $0 $0
DAN WOOD BOARD 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 $1,445,535 $1,397,727 $1,621,296 $47,808
2024 $1,242,402 $1,273,846 $1,581,864 $-31,444
2023 $1,377,178 $1,322,176 $1,642,589 $55,002
2022 $1,122,585 $1,184,901 $1,342,484 $-62,316
2022 $1,361,336 $1,199,217 $1,605,622 $162,119
2021 $1,176,653 $1,051,092 $1,229,823 $125,561
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