TRINITY ACADEMY INC (EIN 922343905) - 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

2023

Legal Domicile

Principal Officer

COREY WADE

Phone

9314564430

Tax Period

2024-07-01 to 2025-06-30

TRINITY ACADEMY INC, founded in 2023, is a small nonprofit in the Education sector that reported $488K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 19% operating margin.

Mission

OUR MISSION IS TO GLORIFY GOD BY PREPARING STUDENTS ACADEMICALLY AND SPIRITUALLY SO THEY MAY BECOMELIFE-LONG FOLLOWERS OF CHRIST WHILE IMPACTING THE WORLD FOR HIS KINGDOM.

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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 $73,742

Program Service Revenue $375,920

Investment Income $2,264

Other Revenue $35,816

TOTAL REVENUE $487,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,891

Fundraising Expenses $0

Program Expenses $353,968

Other Expenses $124,378

TOTAL EXPENSES $395,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$487,742	$390,626	+0.2%
Expenses	$395,269	$391,651	+0.0%
Net Income	$92,473	$-1,025	-91.2%

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

N/A

Employees

Volunteers

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

$52,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLE BARTON	PRESIDENT	3.00	Officer	$0	$0	$0
BEN WHITSON	TREASURER	3.00	Officer	$0	$0	$0
ASHLEY REAGAN	SECRETARY	3.00	Officer	$0	$0	$0
PETE BISBEE	BOARD OF DIRECTORS	3.00	Officer	$0	$0	$0
COREY WADE	HEAD OF SCHOOL	45.00	Officer	$52,000	$0	$52,000

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	$487,742	$395,269	$131,992	$92,473
2024	$390,626	$391,651	$44,306	$-1,025

TRINITY ACADEMY INC