Truth Academy Inc
Nonprofit profile at a glance
- EIN
- 264060943
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Springfield, MO, USA
- Phone
- 4178398492
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $230,159
- Expenses
- $164,491
- Assets
- $74,424
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- GREGORY GROVES (PRESIDENT)
People named in this filing
- GREGORY GROVES (PRESIDENT)
- CARLA GROVES (ADMINISTRATOR/TREASURER)
- LAURA JOHNSON (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Prepare and encourage our students to become lifelong learners and god-fearing citizens. To accomplish our mission, our goals are to teach toward mastery of the basic skills, encourage the love of reading and writing, promote critical thinking and problem solving, improve social skills, and instill the truth of the word of god of which all learning and decisions are filtered.the board of education, administration, faculty and staff believe truth academy exists to prepare students to become productive, god-fearing citizens with a christian world view. To achieve this, we believe that it is necessary for the administrator, teachers, students, and parents to take responsibility for each child's education. When school and home join together, students will develop intellectually, socially, emotionally, physically, and spiritually which allows them to become productive members of society.
What it reported doing in 2024
Provide a two-day per week school to meet the educational needs of children whos parents prefer home school. Teachers provide curriculum and lesson plans, administer tests, and teach formal classes twice a week. 70 students grades kindergarten through 12 were served.
Operating model
- Revenue model
- Earned-program. 81% of the money available for current operations came from fees and other program 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 62
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.9%; rating input score 70
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 28.5%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 0.45; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 2.1% per year; rating input score 100; 34th percentile among comparable filings
Details
- Where the money goes: 69.9% of revenue deployed · 100% of spending went to programs
- Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $164K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 14 of 14 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- 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.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Total-asset coverage ratio scored 23/100.