FREEDOM CLASSICAL ACADEMY (EIN 813295172) - 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

2017

Legal Domicile

Principal Officer

JEREMY CHRISTENSEN

Phone

7025331896

Tax Period

2024-07-01 to 2025-06-30

FREEDOM CLASSICAL ACADEMY, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $12.3M in total revenue in fiscal year 2024. Expenses of $10.5M left a modest 14% surplus.

Mission

FCA'S EXEMPT PURPOSE IS TO OPERATE A SCHOOL AND DEVOTE 100% OF ITS TIME, RESOURCES, AND ACTIVITIES TO THE OPERATION OF THE SCHOOL AND THE PROVISION OF EDUCATION TO ITS STUDENTS. ITS MISSION IS TO PREPARE FUTURE LEADERS THROUGH EDUCATION THAT PROMOTES LIBERTY AND VIRTUE.

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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 $11,796,995

Program Service Revenue $39,037

Investment Income $355,672

Other Revenue $66,759

TOTAL REVENUE $12,258,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,936,584

Fundraising Expenses $0

Program Expenses $7,632,978

Other Expenses $3,346,388

TOTAL EXPENSES $10,501,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,258,463	$11,962,424	+0.0%
Expenses	$10,501,900	$10,922,454	0.0%
Net Income	$1,756,563	$1,039,970	+0.7%

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

146

Volunteers

200

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

$278,466

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULENE BALLARD	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
NAKIA BREMMER	SECRETARY	0.25	Officer Director	$0	$0	$0
LANCE BOHNE	PRESIDENT	0.25	Officer Director	$0	$0	$0
SHANNON HILLER	TREASURER	0.25	Officer Director	$0	$0	$0
JOEL DANIELSON	MEMBER	0.25	Director	$0	$0	$0
JEREMY CHRISTENSEN	EXECUTIVE DIRECTOR	40.00	Key Emp	$190,449	$88,017	$278,466
DEELLEN STOWELL	ASSISTANT DIRECTOR	40.00	Highest	$122,517	$26,117	$148,634
APRIL ANDERSON	BUSINESS MANAGER	40.00	Highest	$114,078	$26,352	$140,430
SHAWNA SETTLES	FISCAL MANAGER	40.00	Highest	$101,213	$17,275	$118,488

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	$12,258,463	$10,501,900	$38,543,527	$1,756,563
2024	No data	No data	No data	No data
2023	$9,619,943	$9,498,792	$34,790,937	$121,151
2022	$9,920,331	$8,675,045	$34,078,098	$1,245,286

FREEDOM CLASSICAL ACADEMY