LEGACY CHRISTIAN ACADEMY INC

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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

2024-08-01 to 2025-07-31

LEGACY CHRISTIAN ACADEMY INC, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $41.8M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $37.7M left a modest 10% surplus.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $31,534,439 Revenue: $35,908,690

LEGACY CHRISTIAN ACADEMY IS DEDICATED TO THE DEVELOPMENT OF ACADEMIC EXCELLENCE AND THE SPIRITUAL GROWTH OF ITS 1,444 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 (2024)

Revenue Breakdown

Contributions & Grants $5,767,473

Program Service Revenue $35,908,690

Investment Income $462,422

Other Revenue $-379,845

TOTAL REVENUE $41,758,740

Expense Breakdown

Grants Paid $2,117,331

Salaries & Benefits $23,208,270

Fundraising Expenses $1,224,219

Program Expenses $31,534,439

Other Expenses $12,179,681

TOTAL EXPENSES $37,733,882

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,758,740	$34,906,270	+0.2%
Expenses	$37,733,882	$32,402,531	+0.2%
Net Income	$4,024,858	$2,503,739	+0.6%

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

363

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

$362,516

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF OWENS	CHAIR	5.00	Director	$0	$0	$0
NICOLE FRANKS	VICE-CHAIR	5.00	Director	$0	$0	$0
BRETT BINGHAM	TREASURER	5.00	Director	$0	$0	$0
LISA LIBERIS	SECRETARY	5.00	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 (THRU 05/25)	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
BRAD STRUCK	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN MOSLEY	HEAD OF SCHOOL	40.00	Officer	$317,824	$44,692	$362,516
MARK SMITH	CHIEF FINANCIAL OFFICER (AS OF 1/25)	40.00	Officer	$0	$0	$0
SHANNON NELSON	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$156,620	$31,919	$188,539
DOUG HIX	HEAD FOOTBALL COACH, VARSITY	40.00	Highest	$145,987	$81,169	$227,156
PAULA BROTHERS	CHIEF PEOPLE & CULTURE OFFICER	40.00	Highest	$140,979	$14,790	$155,769
DANIEL TOWNSLEY	CHIEF ACADEMIC OFFICER	40.00	Highest	$135,773	$15,268	$151,041
ANDREW EMBRY	DEAN OF STUDENTS	40.00	Highest	$133,854	$16,261	$150,115

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	$41,758,740	$37,733,882	$61,941,178	$4,024,858
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