Briarcrest Christian School System Inc
Nonprofit profile at a glance
- EIN
- 620894165
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Eads, TN, USA
- Phone
- 9017654642
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
- Affiliation
- Christianity
Reported finances
- Revenue
- $33,326,057
- Expenses
- $28,863,859
- Assets
- $96,011,083
- Liabilities
- $46,118,068
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- CARON SWATLEY (PRESIDENT)
- ELIZABETH STONE (VICE-PRESIDENT OF BUSINESS)
Highest reported compensation
- CARON SWATLEY (PRESIDENT): $358,416 total reported compensation
- JD FRIZZELL (DIRECTOR OF FINE ARTS): $194,733 total reported compensation
- PHIL MASSEY (HIGH SCHOOL DEAN OF STUDEN): $187,991 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To challenge and inspire college-bound students to know and honor jesus christ, seek god's truth and wisdom in all disciplines, and pursue excellence and integrity in their academic, creative, and athletic endeavors so that they might grow in wisdom and stature and in favor with god and men.
What it reported doing in 2024
Approximately 182 teachers taught approximately 1,752 students during the school term. The items shown as program service expenses furthered the students' education through student activities and services.
Operating model
- Revenue model
- Other-operating. 85% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 43
- Transparency & Controls: 79
- Accountability: 78
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 41.5%; rating input score 41
- Program expense ratio: 45.6%; rating input score 46
- Fundraising efficiency: $12.48 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 93.8%; rating input score 94; 27th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 13.4%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 3.33; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 5.4%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: 2.8% per year; rating input score 100; 25th percentile among comparable filings
- Revenue growth: 3.6% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: 41.5% of revenue deployed · 45.6% of spending went to programs
- Governance: 15 of 16 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $13.2M in reported program spending
- Leadership: top reported pay $358K · 24 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $6.3M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 10 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
- Moderate — Financial Efficiency: Program expense ratio scored 46/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.