LIVING WORD CHRISTIAN ACADEMY (EIN 742794922) - 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

2003

Legal Domicile

Principal Officer

LOUISE GILLUM

Phone

2547993796

Tax Period

2023-01-01 to 2023-12-31

LIVING WORD CHRISTIAN ACADEMY, founded in 2003, is a small nonprofit in the Education sector that reported $727K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $823K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO REACH OUT TO CHILDREN IN THE CENTRAL TEXAS AREA THROUGH QUALITY EARLY CHILDHOOD INTERVENTION, PRESCHOOL, AFTER-SCHOOL, AND AT RISK LATCHKEY YOUTH THROUGH THE

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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 $693,462

Program Service Revenue $33,716

Investment Income $0

Other Revenue $0

TOTAL REVENUE $727,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $451,600

Fundraising Expenses $0

Program Expenses $687,704

Other Expenses $371,622

TOTAL EXPENSES $823,222

Year-over-Year Comparison

	2023	2022	Change
Revenue	$727,178	$811,312	-0.1%
Expenses	$823,222	$594,123	+0.4%
Net Income	$-96,044	$217,189	-1.4%

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

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

$53,956

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW CAIN	WACO, TX	0.50	Officer Director	$0	$0	$0
ANTHONY MATHEWS	WACO, TX	0.50	Director	$0	$0	$0
DONNA MYERS	WACO, TX	0.50	Director	$0	$0	$0
MERIAL GIBSON	WACO, TX	0.50	Director	$0	$0	$0
AQUIETHA HOGAN	WACO, TX	0.50	Director	$0	$0	$0
LOUISE GILLUM	WACO, TX	40.00	Key Emp Highest	$53,956	$0	$53,956

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	No data	No data	No data	No data
2023	$727,178	$823,222	$395,699	$-96,044
2022	$811,312	$594,123	$405,773	$217,189
2021	$526,125	$426,842	$244,497	$99,283
2020	$389,533	$390,637	$177,396	$-1,104
2019	$484,153	$480,325	$197,938	$3,828
2018	$512,605	$451,132	$163,714	$61,473

LIVING WORD CHRISTIAN ACADEMY