Treasure Coast Classical Academy (EIN 823724972) - 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

Dr Frank Rafffone

Phone

7722191200

Tax Period

2024-07-01 to 2025-06-30

Treasure Coast Classical Academy, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $13.0M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

To train the minds and improve the hearts of young people through a content-rich classical education in the liberal arts and sciences, with instruction in the principles of moral character and civic 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 $12,183,006

Program Service Revenue $686,955

Investment Income $104,995

Other Revenue $0

TOTAL REVENUE $12,974,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,782,471

Fundraising Expenses $0

Program Expenses $11,125,688

Other Expenses $5,828,060

TOTAL EXPENSES $12,610,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,974,956	$14,030,007	-0.1%
Expenses	$12,610,531	$13,444,786	-0.1%
Net Income	$364,425	$585,221	-0.4%

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

129

Volunteers

155

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
Dr Frank Raffone	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRANDON FORGIONE	VICE PRES / TREASURER	2.00	Officer Director	$0	$0	$0
MICHELLE MILLER	SECRETARY	2.00	Director	$0	$0	$0
Kirsten Pendleton	Principal	40.00	Highest	$119,995	$0	$119,995

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	$12,974,956	$12,610,531	$22,089,028	$364,425
2024	$14,030,007	$13,444,786	$21,840,142	$585,221
2023	$12,448,349	$11,949,510	$20,368,189	$498,839
2022	$12,739,215	$11,374,765	$20,219,019	$1,364,450
2021	$9,972,705	$9,787,268	$18,970,994	$185,437
2020	$5,511,793	$6,652,566	$18,725,181	$-1,140,773
2019	$135,715	$773,075	$19,086,505	$-637,360

Treasure Coast Classical Academy