FERRIS CHRISTIAN 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

2000

Legal Domicile

Principal Officer

GAYLE GRAY

Phone

9725448388

Tax Period

2024-01-01 to 2024-12-31

FERRIS CHRISTIAN ACADEMY, founded in 2000, is a small nonprofit in the Human Services sector that reported $749K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $933K exceeded revenue, resulting in a 25% operating deficit.

Mission

PROVIDE CHILD CARE AND EDUCATION IN A CHRISTIAN ENVIRONMENT

Program Service Accomplishments

Program 1

Expenses: $844,992

A MONTHLY AVERAGE OF 120 CHILDREN WERE ENROLLED IN DAY CARE, KINDERGARTEN THROUGH 3RD GRADE SCHOOLING AND AFTER SCHOOL CARE PROVIDED IN AN ENVIRONMENT OF BIBLICALLY BASED ACADEMICS, TRAINING AND...

A MONTHLY AVERAGE OF 120 CHILDREN WERE ENROLLED IN DAY CARE, KINDERGARTEN THROUGH 3RD GRADE SCHOOLING AND AFTER SCHOOL CARE PROVIDED IN AN ENVIRONMENT OF BIBLICALLY BASED ACADEMICS, TRAINING AND INSTRUCTION.

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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 $0

Program Service Revenue $743,054

Investment Income $3,125

Other Revenue $3,299

TOTAL REVENUE $749,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $605,753

Fundraising Expenses $0

Program Expenses $846,074

Other Expenses $327,404

TOTAL EXPENSES $933,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$749,478	$1,088,544	-0.3%
Expenses	$933,157	$990,103	-0.1%
Net Income	$-183,679	$98,441	-2.9%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BARTIS	BOARD MEMBER	0.00	Director	$0	$0	$0
DAVID BULLOCK	BOARD MEMBER	0.00	Director	$0	$0	$0
GAYLE GRAY	TREASURER&SE	40.00	Officer Director	$0	$0	$0
JOE BOB GRAY	BOARD MEMBER	0.00	Director	$0	$0	$0
CHARLES O'NEAL	BOARD MEMBER	0.00	Director	$0	$0	$0
DONNA SHAW	PRESIDENT	0.00	Officer Director	$0	$0	$0
SHANETTE WILLIAMS	TRUSTEE DIRE	0.00	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
2024	$749,478	$933,157	$628,494	$-183,679
2023	$1,088,544	$990,103	$812,173	$98,441
2022	$1,031,646	$904,451	$713,732	$127,195
2021	$784,717	$835,346	$617,269	$-50,629
2020	$706,499	$743,708	$552,674	$-37,209
2019	$804,722	$842,390	$598,340	$-37,668
2018	$822,676	$840,404	$644,678	$-17,728