ABILENE CLASSICAL ACADEMY

EIN: 853681114 501(c)(3) Education

Abilene, TX

Total Revenue
$616,370
Total Expenses
$545,820
Total Assets
$347,380
Net Assets
$294,133
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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
TX
Principal Officer
Jackson Boen
Phone
3256714220
Tax Period
2024-06-01 to 2025-05-31

ABILENE CLASSICAL ACADEMY, founded in 2020, is a small nonprofit in the Education sector that reported $616K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $546K left a modest 11% surplus.

Mission

Children's 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $54,434
Program Service Revenue $553,551
Investment Income $8,385
Other Revenue $0
TOTAL REVENUE $616,370

Expense Breakdown

Grants Paid $0
Salaries & Benefits $426,785
Fundraising Expenses $0
Program Expenses $365,458
Other Expenses $119,035
TOTAL EXPENSES $545,820

Year-over-Year Comparison

2024 2023 Change
Revenue $616,370 $516,084 +0.2%
Expenses $545,820 $418,049 +0.3%
Net Income $70,550 $98,035 -0.3%
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

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Governance

Voting Members
7
Independent Members
6
Employees
27
Volunteers
10

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
1
$75,000
Total Directors
7
$75,000
Key Employees
1
$75,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jackson Boen Board member & Headmaster 40
Officer Director Key Emp Highest
$75,000 $0 $75,000
John Reed Board member 1
Director
$0 $0 $0
Ryan Kana Board Member 1
Director
$0 $0 $0
Wes Terry Board Member 1
Director
$0 $0 $0
Blake White Board Member 1
Director
$0 $0 $0
Jeff Salmon Board Member 1
Director
$0 $0 $0
Eric Richardson Board Member 1
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 $616,370 $545,820 $347,380 $70,550
2024 $516,084 $418,049 $289,541 $98,035
2023 $326,231 $316,475 $127,114 $9,756
2022 $216,194 $118,527 $119,543 $97,667
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