FIRST PRESBYTERIAN ACADEMY INC (EIN 825362510) - 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

2018

Legal Domicile

Principal Officer

J ROBERT BROWN

Phone

8646785107

Tax Period

2024-07-01 to 2025-06-30

FIRST PRESBYTERIAN ACADEMY INC, founded in 2018, is a community nonprofit in the Education sector that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $6.8M left a modest 7% surplus.

Mission

FIRST PRESBYTERIAN ACADEMY IS A CHRISTIAN COMMUNITY DEDICATED TO PROVIDING A PREMIER COLLEGE PREPARATORY EDUCATION, GROUNDED IN A BIBLICAL WORLD VIEW WHICH DEVELOPS CHARACTER IN STUDENTS FROM VARIED BACKGROUNDS FOR A LIFETIME OF LEARNING AND SERVICE.

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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 $809,046

Program Service Revenue $6,380,925

Investment Income $89,584

Other Revenue $82,069

TOTAL REVENUE $7,361,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,307,525

Fundraising Expenses $0

Program Expenses $5,369,619

Other Expenses $2,530,749

TOTAL EXPENSES $6,838,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,361,624	$6,097,448	+0.2%
Expenses	$6,838,274	$5,996,073	+0.1%
Net Income	$523,350	$101,375	+4.2%

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

170

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

$72,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J ROBERT BROWN	HEAD OF SCHO	40.00	Officer	$72,123	$0	$72,123
CARA BOSTROM	BOARD MEMBER	1.00	Director	$0	$0	$0
ED BRAKMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER DEVINE	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY DOLL	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED GRANT	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL KNIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
LEE POWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JON WARD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS WRIGHT	BOARD CHAIR	1.00	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
2025	$7,361,624	$6,838,274	$10,003,025	$523,350
2024	No data	No data	No data	No data
2023	$6,225,397	$5,422,189	$8,676,298	$803,208
2022	$7,002,050	$5,224,829	$6,444,697	$1,777,221
2021	$5,717,317	$5,144,362	$5,321,578	$572,955

FIRST PRESBYTERIAN ACADEMY INC