Trinity Academy of Raleigh 
The information on this page was last updated 5/15/2026. If you see errors or omissions, please email: [email protected]
Summary
We are a TK-12 classical, Christian community of faith and learning.
Contact information
Mailing address:
Trinity Academy of Raleigh
10224 Baileywick Road
Raleigh, NC 27613
Website: trinityacademy.com
Phone: 919.786.0114
Email: [email protected]
Organization details
EIN: 561913131
CEO/President: Timothy Bridges
Chairman: Scott Bolin
Board size: 11
Founder:
Ruling year: 1996
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2024
Purpose
Classical Christian education aims to cultivate virtue and wisdom in students so they will live for the glory of God, flourishing as human beings and loving both God and neighbor. It pursues these goals through an ordered exploration of the True, the Good, and the Beautiful that is grounded in the liberal arts tradition and that forms students' affections and the habits of lifelong learning.
Mission statement
The mission of Trinity Academy is to equip students to live with wisdom, excellence, and purpose in the modern world through an education grounded in the Christian faith and the classical tradition.
Statement of faith
Articles
| 5/29/2026 | Reformation Bible College Receives 'Withhold Giving' Donor Confidence Score |
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 879 of 1420 | 151 of 183 |
| Fund acquisition rating | | 395 of 1420 | 79 of 183 |
| Resource allocation rating | | 1189 of 1420 | 159 of 183 |
| Asset utilization rating | | 836 of 1421 | 127 of 183 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 11% | 30% | 29% | 9% | 7% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 4% | 5% | 4% | 3% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 13% | 34% | 15% | 13% | 34% | 35% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 5% | 5% | 4% | 5% | 4% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 87% | 66% | 85% | 87% | 66% | 65% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 71% | 73% | 72% | 73% | 76% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 72% | 94% | 89% | 66% | 66% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 51% | 69% | 64% | 48% | 50% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 28% | 6% | 11% | 34% | 34% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 25% | 5% | 9% | 34% | 46% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 24% | 22% | 23% | 22% | 20% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.35 | 0.38 | 0.32 | 0.36 | 0.40 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.06 | 2.16 | 2.73 | 2.48 | 1.80 | 1.80 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.80 | 0.76 | 1.04 | 0.79 | 0.65 | 0.72 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.80 | 2.28 | 1.73 | 1.63 | 2.26 | 1.99 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 0.44 | 0.58 | 0.61 | 0.44 | 0.50 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.98 | 8.89 | 4.85 | 5.86 | 10.37 | 8.31 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 29% | 46% | 53% | 53% | 47% | 56% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 26% | 31% | 28% | 21% | 28% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 118% | 154% | 124% | 147% | 149% | 110% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $7,782,110 | $2,814,113 | $5,173,942 | $10,285,961 | $8,348,809 |
| Receivables, inventories, prepaids | $4,432,740 | $596,651 | $1,047,731 | $1,897,392 | $1,293,392 |
| Short-term investments | $3,530,081 | $7,109,749 | $4,827,649 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $15,744,931 | $10,520,513 | $11,049,322 | $12,183,353 | $9,642,201 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $18,027,993 | $18,245,604 | $8,572,215 | $8,175,691 | $7,447,887 |
| Other long-term assets | $305,496 | $0 | $7,758,777 | $1,576,583 | $272,004 |
| Total long-term assets | $18,333,489 | $18,245,604 | $16,330,992 | $9,752,274 | $7,719,891 |
| Total assets | $34,078,420 | $28,766,117 | $27,380,314 | $21,935,627 | $17,362,092 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $195,850 | $203,298 | $960,301 | $309,691 | $184,169 |
| Other current liabilities | $6,711,108 | $5,873,766 | $5,825,370 | $5,083,540 | $4,669,832 |
| Total current liabilities | $6,906,958 | $6,077,064 | $6,785,671 | $5,393,231 | $4,854,001 |
| Debt | $8,726,215 | $9,026,080 | $7,643,420 | $4,691,088 | $4,823,667 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $110,392 | $70,470 | $85,029 | $123,851 | $57,867 |
| Total long-term liabilities | $8,836,607 | $9,096,550 | $7,728,449 | $4,814,939 | $4,881,534 |
| Total liabilities | $15,743,565 | $15,173,614 | $14,514,120 | $10,208,170 | $9,735,535 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $13,395,068 | $12,897,980 | $10,461,628 | $6,533,196 | $4,366,946 |
| With donor restrictions | $4,939,787 | $694,523 | $2,404,566 | $5,194,261 | $3,259,611 |
| Net assets | $18,334,855 | $13,592,503 | $12,866,194 | $11,727,457 | $7,626,557 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $5,684,552 | $1,772,300 | $1,313,267 | $4,052,662 | $3,675,686 |
| Program service revenue | $10,505,703 | $9,643,654 | $8,436,915 | $7,845,481 | $6,709,989 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $377,520 | $316,584 | $90,246 | $18,745 | $20,403 |
| Other revenue | ($26,551) | ($30,274) | $624 | ($19,385) | $37,572 |
| Total other revenue | $10,856,672 | $9,929,964 | $8,527,785 | $7,844,841 | $6,767,964 |
| Total revenue | $16,541,224 | $11,702,264 | $9,841,052 | $11,897,503 | $10,443,650 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $8,422,097 | $8,076,159 | $6,307,754 | $5,728,606 | $5,271,457 |
| Management and general | $2,865,461 | $2,377,349 | $2,033,270 | $1,759,926 | $1,364,990 |
| Fundraising | $641,998 | $538,135 | $382,755 | $372,579 | $275,147 |
| Total expenses | $11,929,556 | $10,991,643 | $8,723,779 | $7,861,111 | $6,911,594 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $4,611,668 | $710,621 | $1,117,273 | $4,036,392 | $3,532,056 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $4,611,668 | $710,621 | $1,117,273 | $4,036,392 | $3,532,056 |
Compensation
| Name | Title | Compensation |
| Dr Timothy Bridges | Head of School | $206,506 |
| Kyle Tucker | Board Member | $1,750 |
Compensation data as of: 6/30/2025
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/15/2026. To update the information below, please email: [email protected]