IMPACT CHRISTIAN ACADEMY

EIN: 872901664 501(c)(3) Education

BUFFALO, MN

Total Revenue
$710,200
Total Expenses
$748,765
Total Assets
$315,463
Net Assets
$314,500
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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
2021
Legal Domicile
MN
Principal Officer
GREG VENNES
Phone
6128127301
Tax Period
2023-07-01 to 2024-06-30

IMPACT CHRISTIAN ACADEMY, founded in 2021, is a small nonprofit in the Education sector that reported $710K in total revenue in fiscal year 2023.

Mission

IMPACT CHRISTIAN ACADEMY (ICA) EXISTS TO IMPACT THE WORLD FOR CHRIST. ICA SEEKS TO FULFILL ITS MISSION OF IMPACTING THE WORLD FOR CHRIST BY PARTNERING WITH PARENTS IN ORDER TO TRAIN STUDENTS TO BE LIFE-LONG LEARNERS AND EQUIP THEM WITH KNOWLEDGE AND WISDOM THAT WILL PREPARE THEM WITH A SOLID FAITH FOUNDATION TO SERVE GOD AND THEIR COMMUNITY

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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 (2023)

Revenue Breakdown

Contributions & Grants $173,824
Program Service Revenue $521,174
Investment Income $16,402
Other Revenue $-1,200
TOTAL REVENUE $710,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $523,607
Fundraising Expenses $0
Program Expenses $728,615
Other Expenses $225,158
TOTAL EXPENSES $748,765

Year-over-Year Comparison

2023 2022 Change
Revenue $710,200 $721,282 0.0%
Expenses $748,765 $440,706 +0.7%
Net Income $-38,565 $280,576 -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

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Governance

Voting Members
6
Independent Members
6
Employees
21
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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG VENNES PRESIDENT 3.00
Officer Director
$0 $0 $0
HANS HOEG VICE PRESIDE 3.00
Officer Director
$0 $0 $0
BRYAN VANTHOF TREASURER 6.00
Officer Director
$0 $0 $0
CHARISSA GAZELKA SECRETARY 4.00
Officer Director
$0 $0 $0
PAM ANDERSON DIRECTOR 3.00
Director
$0 $0 $0
JOEL SWEITON DIRECTOR 3.00
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 $710,200 $748,765 $315,463 $-38,565
2023 $721,282 $440,706 $390,067 $280,576
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