THE KING'S ACADEMY (EIN 770287771) - 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

1991

Legal Domicile

Principal Officer

JEFF FREEMAN

Phone

4084819900

Tax Period

2024-07-01 to 2025-06-30

THE KING'S ACADEMY, founded in 1991, is a mid-sized nonprofit in the Education sector that reported $32.7M in total revenue in fiscal year 2024.

Mission

TKA IS A CHRIST-CENTERED COLLEGE PREPARATORY SCHOOL.

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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 $3,030,047

Program Service Revenue $29,115,516

Investment Income $355,472

Other Revenue $217,547

TOTAL REVENUE $32,718,582

Expense Breakdown

Grants Paid $3,467,517

Salaries & Benefits $17,798,147

Fundraising Expenses $246,047

Program Expenses $31,017,666

Other Expenses $12,639,214

TOTAL EXPENSES $33,904,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,718,582	$31,626,978	+0.0%
Expenses	$33,904,878	$29,821,286	+0.1%
Net Income	$-1,186,296	$1,805,692	-1.7%

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

395

Volunteers

551

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

$302,479

Total Directors

$302,479

Key Employees

$515,148

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT BARTELL	PRESIDENT	2.00	Officer Director	$0	$0	$0
LAURA FRENCH	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
JASON GILES	TREASURER	2.00	Officer Director	$0	$0	$0
JIM BLACK	BOARD MEMBER	2.00	Director	$0	$0	$0
KRISTAL FRANKLIN	SECRETARY	2.00	Officer Director	$0	$0	$0
GREG NIVEN	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHY POONEN	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIA TAYLOR	VICE PRESIDENT	2.00	Director	$0	$0	$0
JEFFREY FREEMAN	HEAD OF SCHOOL	40.00	Officer Director	$273,709	$28,770	$302,479
PAULINA MONACO	BOARD MEMBER	2.00	Director	$0	$0	$0
KY TANG	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSHUA FARLOW	BOARD MEMBER	2.00	Director	$0	$0	$0
SAMSON WU	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT MEADOWS	DIRECTOR OF ADVANCEMENT	40.00	Key Emp	$288,508	$35,755	$324,263
MICHELLE LARSEN	DIRECTOR OF FINANCE AND HR	40.00	Key Emp	$174,477	$16,408	$190,885
DENNIS BORTZ	EMPLOYEE	40.00	Highest	$142,499	$12,639	$155,138
MAGDY ABADIR	EMPLOYEE	40.00	Highest	$152,902	$16,577	$169,479
MATTHEW NISBET	EMPLOYEE	40.00	Highest	$141,042	$5,792	$146,834
KRISTINE LUI	EMPLOYEE	40.00	Highest	$147,369	$32,495	$179,864
JOE MAEMONE	EMPLOYEE	40.00	Highest	$145,564	$11,226	$156,790

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	$32,718,582	$33,904,878	$82,698,641	$-1,186,296
2024	$31,626,978	$29,821,286	$70,081,131	$1,805,692
2023	$26,148,757	$25,986,262	$66,991,676	$162,495
2022	$25,841,154	$23,901,093	$24,271,616	$1,940,061
2021	$24,460,858	$20,893,990	$23,661,038	$3,566,868
2020	$23,101,314	$22,480,530	$20,182,916	$620,784
2019	$23,959,869	$22,172,007	$18,120,927	$1,787,862
2018	$21,531,993	$20,820,497	$14,940,168	$711,496

THE KING'S ACADEMY