Summit Classical Academy Inc (EIN 843953582) - 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

2019

Legal Domicile

Principal Officer

Jay Modglin

Phone

7206339300

Tax Period

2023-07-01 to 2024-06-30

Summit Classical Academy Inc, founded in 2019, is a small nonprofit in the Education sector that reported $987K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

A school dedicated to classical Christian education.

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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 $714,044

Program Service Revenue $253,792

Investment Income $10,744

Other Revenue $8,483

TOTAL REVENUE $987,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $584,937

Fundraising Expenses $38,494

Program Expenses $818,098

Other Expenses $399,454

TOTAL EXPENSES $984,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$987,063	$1,050,979	-0.1%
Expenses	$984,391	$838,573	+0.2%
Net Income	$2,672	$212,406	-1.0%

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
Jay Modglin	Chairman	2.00	Officer Director	$0	$0	$0
Eric Guerrero	Vice-Chairman	2.00	Officer Director	$0	$0	$0
Brigette Modglin	Member at Large	2.00	Director	$0	$0	$0
Mike Fall	Treasurer	2.00	Director	$0	$0	$0
Mark Wrapp	Member at Large	2.00	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	No data	No data	No data	No data
2024	$987,063	$984,391	$447,150	$2,672
2023	$1,050,979	$838,573	$432,790	$212,406
2022	$648,123	$524,455	$210,176	$123,668
2021	$354,981	$333,767	$58,863	$21,214
2020	$83,608	$50,450	$33,158	$33,158

Summit Classical Academy Inc