WHITE HORSE CHRISTIAN ACADEMY INC (EIN 811024607) - 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

2016

Legal Domicile

Tax Period

2023-08-01 to 2024-07-31

WHITE HORSE CHRISTIAN ACADEMY INC, founded in 2016, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $857K, a strong 37% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO HELP EACH STUDENT DEVELOP A LASTING RELATION WITH JESUS CHRIST WHILE PROVIDING A HIGH QUALITY CHRISTIAN EDUCATION TAILORED TO MEET EACH STUDENTS INDIVIDUAL NEEDS.

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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 $630,549

Program Service Revenue $1,683,620

Investment Income $5,031

Other Revenue $7,489

TOTAL REVENUE $2,326,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,028,540

Fundraising Expenses $60,510

Program Expenses $1,177,443

Other Expenses $380,196

TOTAL EXPENSES $1,469,246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,326,689	$1,400,838	+0.7%
Expenses	$1,469,246	$1,236,284	+0.2%
Net Income	$857,443	$164,554	+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

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
CORY SHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
DERRICK STOGSDILL	BOARD MEMBER	1.00	Director	$0	$0	$0
KASEY MOCK	BOARD MEMBER	0.00	Director	$0	$0	$0
VANESSA HALFORD	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
TAMMY MILLER	SECRETARY	1.00	Officer Director	$0	$0	$0
JANA WRIGHT	TREASURER	40.00	Officer Director	$0	$0	$0
SCOTT HUGHES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AUSTIN BROWN	PRESIDENT	1.00	Officer 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	$2,326,689	$1,469,246	$1,972,720	$857,443
2023	$1,400,838	$1,236,284	$704,428	$164,554
2022	$996,278	$798,829	$584,878	$197,449
2021	$685,352	$601,120	$440,425	$84,232
2020	$582,351	$530,803	$380,368	$51,548

WHITE HORSE CHRISTIAN ACADEMY INC