Caprock Academy
Caprock Academy shows strong program spending but carries significant liabilities exceeding assets.
EIN: 205442493 · Grand Jct, CO · NTEE: B29 · Updated: 2026-03-28
Is Caprock Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Caprock Academy directs 86% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Caprock Academy
Caprock Academy (EIN: 205442493) is a nonprofit organization based in Grand Jct, CO, classified under NTEE code B29. The organization reported total revenue of $11.3M and total assets of $26.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caprock Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caprock Academy is a large nonprofit that has been operating for 10 years, with 11 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.0M |
| Total Expenses | $9.4M |
| Surplus / Deficit | +$570K |
| Total Assets | $25.7M |
| Total Liabilities | $32.6M |
| Net Assets | $-6,945,222 |
| Operating Margin | 5.7% |
| Debt-to-Asset Ratio | 127.0% |
| Months of Reserves | 32.8 months |
Financial Health Grade: A
In 2023, Caprock Academy reported a surplus of $570K with revenue exceeding expenses, holds 32.8 months of operating reserves (strong position), has a debt-to-asset ratio of 127.0% (high leverage).
Financial Trends
Over 11 years of filings (2008–2023), Caprock Academy's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +5.0% | +1.2% |
| 2022 | +7.7% | +6.7% | -8.0% |
| 2021 | +14.8% | +12.6% | -0.1% |
| 2019 | +10.9% | +12.2% | +52.7% |
| 2018 | +4.6% | +4.1% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Caprock Academy with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 86%
- fundraising: 4%
According to IRS 990 filings, Caprock Academy allocates its expenses as follows: admin: 10%, programs: 86%, fundraising: 4%. With 86% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $570K, with revenue exceeding expenses.
- Debt-to-asset ratio: 127.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through mechanisms not classified as officer compensation on the 990, which is unusual for an organization of its size with over $9 million in annual expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Caprock Academy's IRS 990 filings:
- Consistent negative net asset position (liabilities exceeding assets, e.g., $32.6M liabilities vs. $25.7M assets in 2023).
- 0% reported officer compensation for an organization of this size, which may obscure true leadership costs or indicate reliance on unpaid leadership.
Strengths
The following positive indicators were identified for Caprock Academy:
- Strong program spending ratio, with approximately 86% of expenses dedicated to programs in 2023.
- Consistent revenue growth over the past decade, from $2.4M in 2009 to $9.9M in 2023.
- Steady asset growth, from $1.7M in 2009 to $25.7M in 2023.
Frequently Asked Questions about Caprock Academy
Is Caprock Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Caprock Academy (EIN: 205442493) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Caprock Academy spend its money?
Caprock Academy directs 86% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Caprock Academy tax-deductible?
Caprock Academy is registered as a tax-exempt nonprofit (EIN: 205442493). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Caprock Academy financially stable given its negative net asset position?
While Caprock Academy has shown consistent revenue growth, its liabilities have significantly exceeded its assets in recent years (e.g., $32.6M liabilities vs. $25.7M assets in 2023). This negative net asset position warrants further investigation into the nature of these liabilities, likely long-term debt for facilities, and the organization's strategy for managing this debt.
How does Caprock Academy manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation is unusual for an organization of this scale. It suggests that key leadership roles might be volunteer, compensated through a related entity, or that compensation is categorized differently on the 990, which could impact the full picture of administrative costs.
What is the breakdown of Caprock Academy's program service expenses?
In 2023, Caprock Academy spent approximately 86% of its total expenses ($8,090,000 out of $9,405,976) on program services, indicating a strong focus on its core educational mission.
Filing History
IRS 990 filing history for Caprock Academy showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2008–2023), Caprock Academy's revenue has grown by 388.7%, moving from $2.0M to $10.0M. Total assets increased by 1840.8% over the same period, from $1.3M to $25.7M. Total functional expenses rose by 387.4%, from $1.9M to $9.4M. In its most recent filing year (2023), Caprock Academy reported a surplus of $570K, with revenue exceeding expenses. The organization holds $32.6M in liabilities against $25.7M in assets (debt-to-asset ratio: 127.0%), resulting in net assets of $-6,945,222.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.0M | $9.4M | $25.7M | $32.6M | — | — |
| 2022 | $9.4M | $9.0M | $25.4M | $31.9M | — | View 990 |
| 2021 | $8.8M | $8.4M | $27.6M | $37.1M | — | View 990 |
| 2019 | $7.6M | $7.5M | $27.6M | $42.8M | — | View 990 |
| 2018 | $6.9M | $6.6M | $18.1M | $33.5M | — | View 990 |
| 2017 | $6.6M | $6.4M | $18.0M | $29.1M | — | View 990 |
| 2016 | $6.0M | $5.8M | $11.3M | $19.3M | — | View 990 |
| 2015 | $5.1M | $5.2M | $9.8M | $17.4M | — | View 990 |
| 2010 | $2.9M | $2.6M | $2.4M | $1.8M | — | — |
| 2009 | $2.4M | $2.3M | $1.7M | $1.4M | — | — |
| 2008 | $2.0M | $1.9M | $1.3M | $1.1M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $10.0M, expenses of $9.4M, and assets of $25.7M (revenue +5.9% year-over-year).
- 2022: Revenue of $9.4M, expenses of $9.0M, and assets of $25.4M (revenue +7.7% year-over-year).
- 2021: Revenue of $8.8M, expenses of $8.4M, and assets of $27.6M (revenue +14.8% year-over-year).
- 2019: Revenue of $7.6M, expenses of $7.5M, and assets of $27.6M (revenue +10.9% year-over-year).
- 2018: Revenue of $6.9M, expenses of $6.6M, and assets of $18.1M (revenue +4.6% year-over-year).
- 2017: Revenue of $6.6M, expenses of $6.4M, and assets of $18.0M (revenue +10.5% year-over-year).
- 2016: Revenue of $6.0M, expenses of $5.8M, and assets of $11.3M (revenue +16.8% year-over-year).
- 2015: Revenue of $5.1M, expenses of $5.2M, and assets of $9.8M (revenue +76.7% year-over-year).
- 2010: Revenue of $2.9M, expenses of $2.6M, and assets of $2.4M (revenue +18.3% year-over-year).
- 2009: Revenue of $2.4M, expenses of $2.3M, and assets of $1.7M (revenue +19.3% year-over-year).
- 2008: Revenue of $2.0M, expenses of $1.9M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caprock Academy:
Data Sources and Methodology
This transparency report for Caprock Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.