Quest Forward Academy Inc (EIN 813810037) - 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

Principal Officer

J Joe Ricketts

Phone

3039620025

Tax Period

2023-07-01 to 2024-06-30

Quest Forward Academy Inc, founded in 2016, is a community nonprofit in the Education sector that reported $5.2M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

Operation of private secondary schools.

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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 $4,600,000

Program Service Revenue $580,859

Investment Income $45,341

Other Revenue $0

TOTAL REVENUE $5,226,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,275,244

Fundraising Expenses $0

Program Expenses $5,174,199

Other Expenses $2,092,465

TOTAL EXPENSES $5,367,709

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,226,200	$7,494,709	-0.3%
Expenses	$5,367,709	$5,676,592	-0.1%
Net Income	$-141,509	$1,818,117	-1.1%

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

N/A

Employees

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

$328,431

Total Directors

Key Employees

$456,340

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J Joe Ricketts	Director and CEO	1.00	Officer Director	$0	$0	$0
Alfred Levitt	President and General Counsel	1.00	Officer	$0	$0	$0
Ray Ravaglia	Chief Learning Officer	17.00	Officer	$0	$6,692	$328,431
Michael Brown	Director QF Omaha	40.00	Key Emp	$201,765	$10,686	$212,451
Sheri Simpson	Director QF Santa Rosa	40.00	Key Emp	$65,564	$2,028	$67,592
Kristina Davison	Director QF Santa Rosa	40.00	Key Emp	$139,985	$3,306	$143,291
Michael Meier	Director QF Omaha	40.00	Key Emp	$28,603	$4,403	$33,006

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	$5,226,200	$5,367,709	$4,069,421	$-141,509
2023	$7,494,709	$5,676,592	$4,229,896	$1,818,117
2022	$7,624,976	$5,554,588	$2,500,201	$2,070,388
2021	$10,105,385	$4,841,196	$2,430,773	$5,264,189
2020	$486,749	$3,603,971	$1,688,573	$-3,117,222

Quest Forward Academy Inc