CHAPIN ACADEMY (EIN 814373979) - 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

MICHAEL DAVIS

Phone

8035662933

Tax Period

2023-07-01 to 2024-06-30

CHAPIN ACADEMY, founded in 2016, is a small nonprofit in the Education sector that reported $414K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $371K left a modest 10% surplus.

Mission

DESCRIPTION OF ORGANIZATION'S MISSION: TO PROVIDE THE BEST OF HOMESCHOOLING AND PRIVATE CHRISTIAN EDUCATION BY PARTNERING WITH FAMILIES TO DEVELOP COLLEGE-WORTHY DISCIPLES OF CHRIST FOR FUTURE GENERATIONS.

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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 $0

Program Service Revenue $413,350

Investment Income $1,065

Other Revenue $0

TOTAL REVENUE $414,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,553

Fundraising Expenses $0

Program Expenses $349,965

Other Expenses $66,600

TOTAL EXPENSES $371,153

Year-over-Year Comparison

	2023	2022	Change
Revenue	$414,415	$331,736	+0.2%
Expenses	$371,153	$335,139	+0.1%
Net Income	$43,262	$-3,403	-13.7%

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

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

$88,557

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA DAVIS	ADMINISTRATOR	40.00	Director	$35,807	$0	$35,807
JENNIFER S HAMMOND	ADMINISTRATOR	40.00	Director	$35,167	$0	$35,167
MICHAEL DAVIS	BUSINESS MANAGER	20.00	Director	$17,583	$0	$17,583
STEPHEN HAMMOND	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHN BREMER	BOARD MEMBER	3.00	Director	$0	$0	$0
JAMES TAYLOR	BOARD MEMBER	3.00	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	$414,415	$371,153	$194,703	$43,262
2023	$331,736	$335,139	$148,097	$-3,403
2022	$307,350	$285,843	$148,876	$21,507
2021	$305,787	$255,773	$128,308	$50,014

CHAPIN ACADEMY