LEGACY CHRISTIAN ACADEMY INC (EIN 752805332) - 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

1999

Legal Domicile

Principal Officer

MARK SMITH

Phone

4696331330

Tax Period

2023-08-01 to 2024-07-31

LEGACY CHRISTIAN ACADEMY INC, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $34.9M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $32.4M left a modest 7% surplus.

Mission

EDUCATION PK-12 - LEGACY CHRISTIAN ACADEMY IS DEDICATED TO THE DEVELOPMENT OF ACADEMIC EXCELLENCE AND THE SPIRITUAL GROWTH OF ITS STUDENTS.

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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 $3,104,759

Program Service Revenue $31,736,772

Investment Income $186,925

Other Revenue $-122,186

TOTAL REVENUE $34,906,270

Expense Breakdown

Grants Paid $1,769,381

Salaries & Benefits $21,013,798

Fundraising Expenses $940,330

Program Expenses $26,970,082

Other Expenses $9,619,352

TOTAL EXPENSES $32,402,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,906,270	$29,639,059	+0.2%
Expenses	$32,402,531	$28,386,178	+0.1%
Net Income	$2,503,739	$1,252,881	+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

343

Volunteers

300

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

$462,692

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF OWENS	CHAIR	5.00	Officer Director	$0	$0	$0
NICOLE FRANKS	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
BRETT BINGHAM	TREASURER	5.00	Officer Director	$0	$0	$0
LISA LIBERIS	SECRETARY	5.00	Officer Director	$0	$0	$0
JOHN ALCALA	DIRECTOR	5.00	Director	$0	$0	$0
RONNNIE BERRY	DIRECTOR	5.00	Director	$0	$0	$0
BRAD BRENNEMAN	DIRECTOR	5.00	Director	$0	$0	$0
KENNETH CHAPMAN	DIRECTOR	5.00	Director	$0	$0	$0
PATRICK DROESCH	DIRECTOR	5.00	Director	$0	$0	$0
SHONDA GIBSON	DIRECTOR	5.00	Director	$0	$0	$0
NICK JOHNSON	DIRECTOR	5.00	Director	$0	$0	$0
EUNICE NAKAMURA	DIRECTOR (THRU 05/24)	5.00	Director	$0	$0	$0
DOROTHY SMITH	DIRECTOR (THRU 05/24)	5.00	Director	$0	$0	$0
BRAD STRUCK	DIRECTOR	5.00	Director	$0	$0	$0
TRENT WOOD	DIRECTOR (THRU 05/24)	5.00	Director	$0	$0	$0
KEVIN MOSLEY	HEAD OF SCHOOL	40.00	Officer	$279,091	$42,338	$321,429
GENE POTTS	CHIEF FINANCIAL OFFICER (THRU 05/24)	40.00	Officer	$124,318	$16,945	$141,263
SHANNON NELSON	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$147,558	$14,708	$162,266
ANDREW EMBRY	DEAN OF STUDENTS	40.00	Highest	$121,716	$15,020	$136,736
DANIEL TOWNSLEY	CHIEF ACADEMIC OFFICER	40.00	Highest	$123,571	$11,593	$135,164
JEFF VEAL	PRINCIPAL OF UPPER SCHOOL	40.00	Highest	$117,203	$13,538	$130,741
PAULA BROTHERS	CHIEF PEOPLE & CULTURE OFFICER	40.00	Highest	$120,207	$13,856	$134,063

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	$34,906,270	$32,402,531	$57,646,699	$2,503,739
2023	$29,639,059	$28,386,178	$55,112,281	$1,252,881
2022	$23,616,775	$23,912,673	$57,062,319	$-295,898
2021	$19,746,777	$21,172,965	$42,279,443	$-1,426,188
2020	$19,149,130	$19,570,018	$41,939,116	$-420,888
2019	$18,813,678	$19,014,824	$51,479,207	$-201,146
2018	$16,877,459	$17,054,244	$51,515,128	$-176,785

LEGACY CHRISTIAN ACADEMY INC