LA VIE CHRISTIAN ACADEMY CORP

EIN: 830722772 501(c)(3) Education

HICKORY, NC

Total Revenue
$640,572
Total Expenses
$768,033
Total Assets
$106,869
Net Assets
$106,869
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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
NC
Principal Officer
TERRANCE L CLARK
Phone
8288550830
Tax Period
2024-01-01 to 2024-12-31

LA VIE CHRISTIAN ACADEMY CORP, founded in 2018, is a small nonprofit in the Education sector that reported $641K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $768K exceeded revenue, resulting in a 20% operating deficit.

Mission

LA VIE CHRISTIAN ACADEMY'S MISSION IS TO PROVIDE A STIMULATING, FAITH-BASED, SUSTAINABLE INCLUSIVE LEARNING ENVIRONMENT BY INSTILLING LEADERSHIP, FAITH, VALUES, AND SELF-CONFIDENCE IN EVERY CHILD.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $364,393
Program Service Revenue $276,179
Investment Income $0
Other Revenue $0
TOTAL REVENUE $640,572

Expense Breakdown

Grants Paid $0
Salaries & Benefits $573,376
Fundraising Expenses $0
Program Expenses $696,043
Other Expenses $194,657
TOTAL EXPENSES $768,033

Year-over-Year Comparison

2024 2023 Change
Revenue $640,572 $746,552 -0.1%
Expenses $768,033 $747,259 +0.0%
Net Income $-127,461 $-707 +179.3%
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

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Governance

Voting Members
5
Independent Members
5
Employees
32
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
3
$79,592
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMANI CLARK DIRECTOR 40
Officer
$79,592 $0 $79,592
TERRANCE CLARK PRESIDENT 20
Officer Director
$0 $0 $0
SCOTT SHOEMAKER TREASURER 12
Officer Director
$0 $0 $0
MARY SMITH DIRECTOR 4
Director
$0 $0 $0
KYLISHIA NEWTON DIRECTOR 4
Director
$0 $0 $0
SARA DUCKWORTH DIRECTOR 4
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 $640,572 $768,033 $106,869 $-127,461
2023 $746,552 $747,259 $234,330 $-707
2022 $803,766 $770,427 $219,884 $33,339
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