COVINGTON CLASSICAL ACADEMY INC (EIN 851284549) - 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

Principal Officer

MARIA GARRIGA

Phone

8596939203

Tax Period

2024-07-01 to 2025-06-30

COVINGTON CLASSICAL ACADEMY INC, founded in 2020, is a small nonprofit in the Education sector that reported $418K in total revenue in fiscal year 2024.

Mission

To provide educational programs for youths in middle and high school. The curriculum focuses on classical liberal arts and is designed to foster writing and thinking skills. A key element is a focus on experiential learning.

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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 $318,329

Program Service Revenue $71,978

Investment Income $0

Other Revenue $27,985

TOTAL REVENUE $418,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $285,955

Fundraising Expenses $1,000

Program Expenses $379,468

Other Expenses $128,020

TOTAL EXPENSES $413,975

Year-over-Year Comparison

	2024	2023	Change
Revenue	$418,292	$393,961	+0.1%
Expenses	$413,975	$439,014	-0.1%
Net Income	$4,317	$-45,053	-1.1%

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

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
KELLY KUSCH	Director	40.00	Director	$0	$0	$0
WILLIAM BANKS	BOARD MEMBER	1.00	Director	$0	$0	$0
LENETTE BEASLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE BRABENDER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAMIAN KAVANAGH	BOARD MEMBER	1.00	Director	$0	$0	$0
BONNIE MEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH PATTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY KAVANAGH	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA GARRIGA	Chairperson	1.00	Officer	$0	$0	$0
LISA LOGAN	Secretary	1.00	Officer	$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	$418,292	$413,975	$21,231	$4,317
2024	No data	No data	No data	No data
2023	$426,096	$397,734	$61,967	$28,362
2022	$244,152	$310,620	$33,605	$-66,468

COVINGTON CLASSICAL ACADEMY INC