NEVADA CLASSICAL ACADEMY ELKO

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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

2022

Legal Domicile

Principal Officer

HANK THURSTON

Phone

7757789709

Tax Period

2024-07-01 to 2025-06-30

NEVADA CLASSICAL ACADEMY ELKO, founded in 2022, is a small nonprofit in the Education sector that reported $210K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $368K exceeded revenue, resulting in a 75% operating deficit.

Mission

OUR MISSION IS TO CULTIVATE WITHIN STUDENTS A LIFELONG PURSUIT OF ACADEMIC EXCELLENCE, VIRTUOUS LIVING, AND CIVIC RESPONSIBILITY THROUGH A CLASSICAL, CONTENT-RICH EDUCATION IN THE LIBERAL ARTS AND SCIENCES.

Program Service Accomplishments

Program 1

IN AUGUST 2024 NCAE WAS GRANTED THEIR CHARTER FROM THE STATE PUBLIC CHARTER SCHOOL AUTHORITY (SPCSA) AND WE ARE WORKING WITH SPCSA TO COMPLETE THE PRE-OPENING STEPS.

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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 $208,517

Program Service Revenue $0

Investment Income $1,977

Other Revenue $0

TOTAL REVENUE $210,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,705

Fundraising Expenses $0

Other Expenses $265,955

TOTAL EXPENSES $367,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,494	$516,948	-0.6%
Expenses	$367,660	$6,666	+54.2%
Net Income	$-157,166	$510,282	-1.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

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
LISA BECKER	DIRECTOR	4.00	Director	$0	$0	$0
AMY NELSON	PRESIDENT	8.00	Officer	$0	$0	$0
KIM D PARIS	VICE PRESIDE	4.00	Officer	$0	$0	$0
DOROTHY STENINGER	SECRETARY	8.00	Officer	$0	$0	$0
HANK THURSTON	TREASURER	4.00	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	$210,494	$367,660	$387,636	$-157,166
2024	No data	No data	No data	No data