CANTON CHRISTIAN ACADEMY OF NORTHEAST TEXAS (EIN 823566203) - 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

JULANN GOLDSMITH

Phone

9035671133

Tax Period

2024-01-01 to 2024-12-31

CANTON CHRISTIAN ACADEMY OF NORTHEAST TEXAS, founded in 2017, is a small nonprofit in the Education sector that reported $156K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $201K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE A STRONG CHRISTIAN FOUNDATION AND QUALITY EDUCATION THAT WILL INSPIRE STUDENT MIND AND SOULS FOR FUTURE SUCCESS.

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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 $5,705

Program Service Revenue $142,563

Investment Income $0

Other Revenue $7,246

TOTAL REVENUE $155,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,209

Fundraising Expenses $0

Program Expenses $200,768

Other Expenses $46,559

TOTAL EXPENSES $200,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,514	$251,843	-0.4%
Expenses	$200,768	$220,803	-0.1%
Net Income	$-45,254	$31,040	-2.5%

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

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
IAN DAVIS	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL HARRISON	DIRECTOR	5.00	Director	$0	$0	$0
RANDY MORRIS	DIRECTOR	5.00	Director	$0	$0	$0
JOSH TAWWATER	PRESIDENT	5.00	Officer	$0	$0	$0
MELISSA WHITE	SECRETARY	5.00	Officer	$0	$0	$0
ANNA O'NEAL	TREASURER	40.00	Officer	$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	$155,514	$200,768	$20,636	$-45,254
2023	$251,843	$220,803	$65,890	$31,040

CANTON CHRISTIAN ACADEMY OF NORTHEAST TEXAS