Faith Academy Charter School Inc (EIN 852067737) - 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

George Wilhelm

Phone

7046038437

Tax Period

2024-07-01 to 2025-06-30

Faith Academy Charter School Inc, founded in 2020, is a mid-sized nonprofit in the Education sector that reported $11.8M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $11.0M left a modest 6% surplus.

Mission

Operation of a public charter school

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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 $605,699

Program Service Revenue $11,154,308

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,760,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,708,501

Fundraising Expenses $0

Program Expenses $8,163,974

Other Expenses $5,328,544

TOTAL EXPENSES $11,037,045

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,760,007	$9,133,786	+0.3%
Expenses	$11,037,045	$8,810,324	+0.3%
Net Income	$722,962	$323,462	+1.2%

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

138

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
George Wilhelm	Chair	001.00	Officer Director	$0	$0	$0
Gene Miller	Vice Chair	001.00	Officer Director	$0	$0	$0
Nick Lefko	Secretary	001.00	Officer Director	$0	$0	$0
Elizabeth Morrow	Treasurer	001.00	Officer Director	$0	$0	$0
Mark Brinkley	Member	001.00	Director	$0	$0	$0
Robert Leslie	Member	001.00	Director	$0	$0	$0
Sheri Halpin	Member	001.00	Director	$0	$0	$0
John Hudson	Member	001.00	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	$11,760,007	$11,037,045	$25,955,479	$722,962
2024	$9,133,786	$8,810,324	$30,461,167	$323,462
2023	$6,672,238	$5,518,480	$1,902,899	$1,153,758
2022	$4,976,073	$4,228,879	$759,115	$747,194

Faith Academy Charter School Inc