Foundation Christian Academy 
The information on this page was last updated 8/27/2026. If you see errors or omissions, please email: [email protected]
Summary
Foundation Christian Academy serves students from 3 years old through 12th grade. Founded in 1996, the school began with 22 Kindergarten students. Since then, the school has grown to a student body of approximately 450 students. FCA is a school affiliated with churches of Christ but receives no financial support from any institution or agency. The school is dependent upon individual gifts and tuition for operating expenses and improvements.
Contact information
Mailing address:
Foundation Christian Academy
2480 Three Springs Road
Bowling Green, KY 42104
Website: fcafalcons.com
Phone: (270) 780-6100
Email: [email protected]
Organization details
EIN: 611285043
CEO/President: David Pahman
Chairman: Robbie Fudge
Board size: 9
Founder:
Ruling year: 1996
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Mission statement
The mission of Foundation Christian Academy is to provide an exceptional, comprehensive education in a safe, nurturing environment building a solid, Biblical foundation for life.
Statement of faith
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1156 of 1485 | 183 of 216 |
| Fund acquisition rating | | 1306 of 1485 | 202 of 216 |
| Resource allocation rating | | 246 of 1485 | 28 of 216 |
| Asset utilization rating | | 1393 of 1486 | 209 of 216 |
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% | 26% | 32% | 28% | 15% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 6% | 5% | 5% | 3% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 13% | 23% | 16% | 18% | 19% | 38% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 7% | 6% | 5% | 4% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 87% | 77% | 84% | 82% | 81% | 62% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 91% | 92% | 90% | 92% | 93% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 87% | 82% | 92% | 73% | 60% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 79% | 75% | 83% | 67% | 56% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 13% | 18% | 8% | 27% | 40% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 7% | 9% | 4% | 17% | 27% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 2% | 2% | 4% | 4% | 3% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.55 | 0.32 | 0.42 | 0.46 | 0.41 | 0.35 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.93 | 10.42 | 3.29 | 4.44 | 4.11 | 4.04 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.88 | 3.30 | 1.38 | 2.04 | 1.69 | 1.43 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.80 | 1.42 | 101.07 | 119.54 | 6.01 | 210.46 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 0.71 | 0.01 | 0.01 | 0.17 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.76 | 1.07 | 8.59 | 5.84 | 5.93 | 8.37 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 29% | 29% | 2% | 2% | 9% | 11% |
Debt ratio Debt ratio = Debt / Total assets | 8% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 116% | 224% | 233% | 213% | 223% | 251% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $612,592 | $2,229,442 | $1,152,049 | $497,746 | $1,255,188 |
| Receivables, inventories, prepaids | $5,567 | $12,353 | $269,070 | $1,071,466 | $4,085 |
| Short-term investments | $634,328 | $428,465 | $380,419 | $376,852 | $380,435 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,252,487 | $2,670,260 | $1,801,538 | $1,946,064 | $1,639,708 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $5,868,089 | $5,992,839 | $6,076,322 | $5,038,839 | $4,982,360 |
| Other long-term assets | $5,925,056 | $131,273 | $118,973 | $1,013,094 | $0 |
| Total long-term assets | $11,793,145 | $6,124,112 | $6,195,295 | $6,051,933 | $4,982,360 |
| Total assets | $13,045,632 | $8,794,372 | $7,996,833 | $7,997,997 | $6,622,068 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $884,249 | $26,419 | $15,071 | $324,009 | $7,791 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $884,249 | $26,419 | $15,071 | $324,009 | $7,791 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $2,903,711 | $151,984 | $166,640 | $372,272 | $738,787 |
| Total long-term liabilities | $2,903,711 | $151,984 | $166,640 | $372,272 | $738,787 |
| Total liabilities | $3,787,960 | $178,403 | $181,711 | $696,281 | $746,578 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $9,257,672 | $8,615,969 | $7,815,122 | $7,301,716 | $5,875,490 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $9,257,672 | $8,615,969 | $7,815,122 | $7,301,716 | $5,875,490 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $1,077,305 | $734,736 | $711,779 | $854,474 | $1,475,584 |
| Program service revenue | $3,593,266 | $3,603,854 | $3,176,216 | $2,729,125 | $2,134,499 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $93,899 | $140,484 | $78,621 | ($13,172) | $68,096 |
| Other revenue | $7,618 | $3,711 | $30,312 | $944,287 | $250,262 |
| Total other revenue | $3,694,783 | $3,748,049 | $3,285,149 | $3,660,240 | $2,452,857 |
| Total revenue | $4,772,088 | $4,482,785 | $3,996,928 | $4,514,714 | $3,928,441 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $3,758,342 | $3,383,620 | $3,316,021 | $3,032,975 | $2,187,727 |
| Management and general | $94,634 | $77,044 | $152,177 | $120,238 | $76,566 |
| Fundraising | $281,867 | $232,925 | $201,573 | $126,466 | $76,271 |
| Total expenses | $4,134,843 | $3,693,589 | $3,669,771 | $3,279,679 | $2,340,564 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $637,245 | $789,196 | $327,157 | $1,235,035 | $1,587,877 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $637,245 | $789,196 | $327,157 | $1,235,035 | $1,587,877 |
Compensation
| Name | Title | Compensation |
| Jack Ray | Director | $12,991 |
| Stephen Pitcock | Secretary | $6,300 |
| Robbie Fudge | Director | $560 |
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 8/27/2026. To update the information below, please email: [email protected]