HARVEST ACADEMY NORTH CAROLINA (EIN 991826313) - 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

2024

Legal Domicile

Principal Officer

STEVEN VALENCSIN

Phone

3364059998

Tax Period

2024-07-01 to 2025-06-30

HARVEST ACADEMY NORTH CAROLINA, founded in 2024, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 2050% from the prior year, signaling strong growth momentum. The organization ran a surplus of $891K, a strong 64% operating margin.

Mission

PARTNERING WITH CHRISTIAN PARENTS TO PROVIDE THEIR CHILDREN WITH A CLASSICAL EDUCATION FOUNDED ON A BIBLICAL WORLDVIEW, TO FORM MISIONALLY-MINDED DISCIPLES THROUGH A LIFELONG PURSUIT OF KNOWLEDGE AND WISDOM IN THEIR PASSIONATE SERVICE OF JESUS CHRIST.

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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 $871,978

Program Service Revenue $487,520

Investment Income $2,560

Other Revenue $34,905

TOTAL REVENUE $1,396,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $376,167

Fundraising Expenses $10,459

Program Expenses $370,944

Other Expenses $130,108

TOTAL EXPENSES $506,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,396,963	$64,980	+20.5%
Expenses	$506,275	$35,220	+13.4%
Net Income	$890,688	$29,760	+28.9%

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

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

$89,790

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN VALENCSIN	BOARD CHAIR	4.00	Director	$0	$0	$0
ROGER WILSON	BOARD MEMBER	2.00	Director	$0	$0	$0
CONSTANCE HARRIS	BOARD MEMBER	4.00	Director	$0	$0	$0
RICK SPIEKER	BOARD MEMBER	2.00	Director	$0	$0	$0
HARLIE MILLER	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES CARTER	OFFICER	40.00	Officer	$89,790	$0	$89,790

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	$1,396,963	$506,275	$933,440	$890,688

HARVEST ACADEMY NORTH CAROLINA