CLASSICALLY FORMED INC (EIN 851088835) - 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

2020

Legal Domicile

Tax Period

2024-07-01 to 2025-06-30

CLASSICALLY FORMED INC, founded in 2020, is a community nonprofit in the Education sector that reported $6.3M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $5.9M left a modest 7% surplus.

Mission

OPERATION OF A CHARTER SCHOOL OFFERING A CLASSICAL 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 (2024)

Revenue Breakdown

Contributions & Grants $6,114,977

Program Service Revenue $104,529

Investment Income $0

Other Revenue $65,116

TOTAL REVENUE $6,284,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,981,836

Fundraising Expenses $0

Program Expenses $4,931,931

Other Expenses $2,885,276

TOTAL EXPENSES $5,867,112

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,284,622	$4,872,078	+0.3%
Expenses	$5,867,112	$4,837,494	+0.2%
Net Income	$417,510	$34,584	+11.1%

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

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

$125,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD GARCIA	HEAD OF SCHOOL	40.00	Key Emp	$125,000	$0	$125,000
NATHAN PHELPS	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIE JAMES	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL BATES	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA HOGUE	PRESIDENT	2.00	Officer Director	$0	$0	$0
MOLLY MOOBERRY	MEMBER	2.00	Director	$0	$0	$0
TYLER GRAY	MEMBER	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	$6,284,622	$5,867,112	$1,003,115	$417,510
2024	$4,872,078	$4,837,494	$466,699	$34,584
2023	$193,362	$507,434	$309,772	$-314,072
2022	$561,283	$98,671	$487,940	$462,612
2021	$37,850	$12,522	$28,653	$25,328

CLASSICALLY FORMED INC