CASTLE ROCK CHRISTIAN ACADEMY (EIN 851346613) - 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

Phone

7205982722

Tax Period

2023-07-01 to 2024-06-30

CASTLE ROCK CHRISTIAN ACADEMY, founded in 2020, is a small nonprofit in the Education sector that reported $913K in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 57% operating deficit.

Mission

The specific purpose for which the corporation is organized is to operate a Christian K-12 school and to also engage in activities which are necessary, suitable or convenient for the accomplishment of that purpose, or which are incidental thereto or connected therewith which are consistent with Section 501(c)(3) of the Internal Revenue Code. This corporation is organized and operated exclusively for religious, educational, and charitable purposes within the meaning of Section 501(c)(3), Internal Revenue Code.

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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 $61,671

Program Service Revenue $626,094

Investment Income $7,940

Other Revenue $216,947

TOTAL REVENUE $912,652

Expense Breakdown

Grants Paid $253,098

Salaries & Benefits $975,723

Fundraising Expenses $0

Program Expenses $1,227,750

Other Expenses $202,859

TOTAL EXPENSES $1,431,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$912,652	N/A	N/A
Expenses	$1,431,680	N/A	N/A
Net Income	$-519,028	N/A	N/A

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

$62,361

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M CALHOUN JR	President	40.00	Director	$62,361	$0	$62,361
ANDREW NEMETH	Chairman	0.00	Director	$0	$0	$0
JOSH KAIGHEN	Vice President	0.00	Director	$0	$0	$0
STEVE BERRY	Treasurer	0.00	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
2024	$912,652	$1,431,680	$57,531	$-519,028
2023	$1,782,646	$1,705,063	$170,204	$77,583
2022	$1,014,838	$964,285	$84,999	$50,553
2021	$396,070	$392,253	$41,953	$3,817

CASTLE ROCK CHRISTIAN ACADEMY