Christian Enterprises dba Rainier Christian Schools

EIN: 910758375 501(c)(3) Education

Renton, WA

Total Revenue
$4,316,798
Total Expenses
$4,330,006
Total Assets
$8,204,603
Net Assets
$6,965,605
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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
1988
Legal Domicile
WA
Principal Officer
Julie Franzen
Phone
4252557273
Tax Period
2022-07-01 to 2023-06-30

Christian Enterprises dba Rainier Christian Schools, founded in 1988, is a community nonprofit in the Education sector that reported $4.3M in total revenue in fiscal year 2022. Revenue decreased 15% compared to the prior year.

Mission

TO ESTABLISH, MAINTAIN, AND OPERATE CHRISTIAN SCHOOLS AND/OR OTHER RELATED INSTITUTIONS TO EDUCATE AND DEVELOP THE WHOLE PERSON FOR THE GLORY (SEE SCHEDULE O).

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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 (2022)

Revenue Breakdown

Contributions & Grants $137,463
Program Service Revenue $4,189,013
Investment Income $14,111
Other Revenue $-23,789
TOTAL REVENUE $4,316,798

Expense Breakdown

Grants Paid $371,524
Salaries & Benefits $2,943,666
Fundraising Expenses $0
Program Expenses $3,487,342
Other Expenses $1,014,816
TOTAL EXPENSES $4,330,006

Year-over-Year Comparison

2022 2021 Change
Revenue $4,316,798 $5,102,226 -0.2%
Expenses $4,330,006 $4,337,178 0.0%
Net Income $-13,208 $765,048 -1.0%
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
7
Employees
108
Volunteers
88

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
5
$165,385
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE KELLY PRESIDENT 40.0
Officer
$105,305 $0 $105,305
ALBERT STEVER ACCG., FIN. AND OPS. ANALYST 40.0
Officer
$60,080 $0 $60,080
JULIE FRANZEN BOARD CHAIRPERSON 2.0
Officer Director
$0 $0 $0
DAN VANDER POL BOARD VICE CHAIR 2.0
Officer Director
$0 $0 $0
RICK ROSENKRANTZ BOARD SECRETARY 2.0
Officer Director
$0 $0 $0
STEVE POPE BOARD MEMBER 2.0
Director
$0 $0 $0
MARK HARGROVE BOARD MEMBER 2.0
Director
$0 $0 $0
GARTH GILL BOARD MEMBER 2.0
Director
$0 $0 $0
DARRYL D'AMBROSIO BOARD MEMBER 2.0
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 No data No data No data No data
2024 No data No data No data No data
2023 $4,316,798 $4,330,006 $8,204,603 $-13,208
2022 $5,102,226 $4,337,178 $9,780,398 $765,048
2021 $4,253,954 $4,193,862 $11,362,812 $60,092
2020 $2,962,159 $3,421,063 $3,507,123 $-458,904
2019 $4,404,789 $4,399,289 $5,780,980 $5,500
2018 $4,943,995 $4,778,672 $5,908,645 $165,323
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