ARISTOI CLASSICAL 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

1996

Legal Domicile

Principal Officer

BARBARA HAVLIK

Phone

2813915003

Tax Period

2023-09-01 to 2024-08-31

ARISTOI CLASSICAL ACADEMY INC, founded in 1996, is a mid-sized nonprofit in the Education sector that reported $16.8M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $16.2M left a modest 3% surplus.

Mission

OUR MISSION IS TO PROVIDE OUR STUDENTS WITH AN ACADEMICALLY CHALLENGING CLASSICAL LIBERAL ARTS EDUCATION THAT ENCOURAGES THEM TO DEVELOP A PASSION FOR LEARNING THAT GIVES THEM THE MEANS TO BECOME RESPONSIBLE CITIZENS OF VIRTUOUS CHARACTER.

Program Service Accomplishments

Program 1

Expenses: $13,606,114 Revenue: $14,871,755

THE SCHOOL SUCCESSFULLY PROVIDED A CLASSICAL LIBERAL ARTS EDUCATION FOCUSING ON THE CLASSICAL IDEAS OF TRUTH, GOODNESS, AND BEAUTY TO OVER 1,500 STUDENTS WHILE STILL ACHIEVING ALL OF THE STATE AND...

THE SCHOOL SUCCESSFULLY PROVIDED A CLASSICAL LIBERAL ARTS EDUCATION FOCUSING ON THE CLASSICAL IDEAS OF TRUTH, GOODNESS, AND BEAUTY TO OVER 1,500 STUDENTS WHILE STILL ACHIEVING ALL OF THE STATE AND FEDERALLY MANDATED ACADEMIC STANDARDS.

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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 $1,822,349

Program Service Revenue $14,871,755

Investment Income $83,440

Other Revenue $0

TOTAL REVENUE $16,777,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,407,324

Fundraising Expenses $181,307

Program Expenses $13,606,114

Other Expenses $4,832,051

TOTAL EXPENSES $16,239,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,777,544	$14,636,252	+0.1%
Expenses	$16,239,375	$14,803,572	+0.1%
Net Income	$538,169	$-167,320	-4.2%

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

276

Volunteers

132

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

$119,566

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCINA BOTAND	DIRECTOR	1.00	Director	$0	$0	$0
ADRIANA COX	DIRECTOR	1.00	Director	$0	$0	$0
TODD HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA HAVLIK	PRESIDENT	3.00	Officer Director	$0	$0	$0
ANDY HOVIS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID LIGHT	TREASURER	2.00	Officer Director	$0	$0	$0
LAURA GILLESPIE	SECRETARY	2.00	Officer Director	$0	$0	$0
MATTHEW WATSON	SUPERINTENDENT	40.00	Officer	$70,780	$9,898	$80,678
BRENDA DAVIDSON	INTERIM SUPERINTENDENT	23.00	Officer	$37,900	$988	$38,888

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	No data	No data	No data	No data
2024	$16,777,544	$16,239,375	$21,125,435	$538,169
2023	$14,636,252	$14,803,572	$19,970,240	$-167,320
2022	$14,658,818	$13,804,515	$20,519,950	$854,303
2021	$12,715,494	$11,488,115	$20,662,039	$1,227,379
2020	$9,467,882	$9,147,884	$18,008,815	$319,998
2019	$8,781,909	$7,790,721	$16,498,888	$991,188
2018	$7,645,470	$6,746,339	$15,511,203	$899,131
2018	$7,645,470	$6,746,339	$15,511,203	$899,131