MIDLAND CLASSICAL ACADEMY

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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

1998

Legal Domicile

Principal Officer

LUKE DUNN

Phone

4326940995

Tax Period

2023-01-01 to 2023-12-31

MIDLAND CLASSICAL ACADEMY, founded in 1998, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Net assets of $11.9M represent 29 months of operating reserves.

Mission

ACADEMIC EDUCATION GRADES K-12 SCHOOL HAS APPROXIMATELY 711 STUDENTS ENROLLED IN GRADES K-12 WHICH THIS ORGANIZATION EDUCATES IN ALL MANDATED COURSES AND ALSO PROVIDES A SPORTS

Program Service Accomplishments

Program 1

Expenses: $4,145,085 Revenue: $4,064,032

ALL INCOME RECEIVED IS USED OR HELD FOR AVAILABILITY TO OBTAIN AND PAY EDUCATION SUPPLIES, FACILITIES STAFF COST TO EDUCATE STUDENTS IN COURSES AND EXTRA CURRICULAR ACTIVITIES.

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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 $603,253

Program Service Revenue $4,006,412

Investment Income $35,435

Other Revenue $263,742

TOTAL REVENUE $4,908,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,086,695

Fundraising Expenses $0

Program Expenses $4,145,085

Other Expenses $1,820,915

TOTAL EXPENSES $4,907,610

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,908,842	$6,083,761	-0.2%
Expenses	$4,907,610	$4,597,043	+0.1%
Net Income	$1,232	$1,486,718	-1.0%

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

122

Volunteers

310

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

$662,369

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN BEATIE	TRUSTEE	0.50	Director	$0	$0	$0
TIMOTHY DUNN	TRUSTEE	0.50	Director	$0	$0	$0
KEVIN SPARKS	TRUSTEE	0.50	Director	$0	$0	$0
LUKE DUNN	TRUSTEE	0.50	Director	$0	$0	$0
JEFF BEARD	TRUSTEE	0.50	Director	$0	$0	$0
LUKE DUNN	CHAIRMAN OF THE BOARD	0.50	Officer	$0	$0	$0
KEN BEATTE	SEC/TREAS OF THE BOARD	0.50	Officer	$0	$0	$0
KEVIN SPARKS	VICE-CHAIRMAN OF THE BOARD	0.50	Officer	$0	$0	$0
STEPHANIE GOEKE	ADMINISTRATOR	40.00	Key Emp	$55,535	$0	$55,535
ANDY ZINKGRAF	EXECUTIVE DEAN	40.00	Key Emp	$57,328	$25,351	$82,679
JARED NELSON	DEAN OF STUDENTS	40.00	Key Emp	$53,806	$19,836	$73,642
AMY AVAMPATO	GRAMMER-PRINCIPAL	40.00	Key Emp	$46,131	$0	$46,131
RON MILLER	DEAN OF ATHLETICS	40.00	Key Emp	$70,406	$70,406	$140,812
A J PEREA	DEAN OF MATH & SCIENCE	40.00	Key Emp	$74,430	$25,351	$99,781
BRANDON SHUMAN	DEAN OF ART & HUMANITIES	40.00	Key Emp	$60,717	$27,627	$88,344
TIM BOWDEN	DEAN OF STUDENTS	N/A	Key Emp	$50,094	$25,351	$75,445

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	$4,908,842	$4,907,610	$11,926,701	$1,232
2022	$6,083,761	$4,597,043	$11,925,469	$1,486,718
2021	$6,271,867	$4,031,880	$10,432,070	$2,239,987
2020	$3,774,824	$3,517,131	$8,167,083	$257,693
2019	$3,500,356	$3,500,687	$7,909,390	$-331
2018	$3,788,500	$3,403,695	$7,895,630	$384,805