FRIENDS OF NOVA CLASSICAL ACADEMY (EIN 800174213) - 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

2008

Legal Domicile

Principal Officer

Jeff Ellerd

Phone

6512096320

Tax Period

2022-07-01 to 2023-06-30

FRIENDS OF NOVA CLASSICAL ACADEMY, founded in 2008, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2022. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $384K, a strong 21% operating margin.

Mission

Lease and maintain property of Nova Classical Academy

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,730,520

Investment Income $74,358

Other Revenue $0

TOTAL REVENUE $1,804,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,420,722

Other Expenses $1,420,722

TOTAL EXPENSES $1,420,722

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,804,878	$1,445,547	+0.2%
Expenses	$1,420,722	$1,672,501	-0.2%
Net Income	$384,156	$-226,954	-2.7%

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

N/A

Volunteers

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

$37,286

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Taylor	Director	1	Director	$0	$6,030	$37,286
Jeff Ellerd	President	1	Officer Director	$0	$0	$0
Ken Schlosser	Secretary	1	Officer Director	$0	$0	$0
Scott Krizan	Director	1	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,804,878	$1,420,722	$20,583,330	$384,156
2022	$1,445,547	$1,672,501	$20,654,226	$-226,954
2021	$1,535,322	$1,509,249	$20,995,533	$26,073
2020	$1,542,010	$1,530,609	$21,322,417	$11,401
2019	$1,545,776	$1,729,470	$21,725,599	$-183,694
2018	$1,537,148	$1,519,821	$22,001,603	$17,327

FRIENDS OF NOVA CLASSICAL ACADEMY