Civic Intelligence

Maranatha High School

990 • Fiscal year 2025 • EIN 95-2401932

Jul 01, 2024 to Jun 30, 2025 • Filed on Apr 01, 2026

169 S St John AvePasadena, CA 91105

(626) 817-4000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.64x

Higher debt load relative to assets than 85% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

86th percentile

1.50x

Higher debt load relative to revenue than 86% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

54th percentile

7.1%

Higher net margin than 54% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

48th percentile

$236,362

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

15th percentile

-3.5%

Faster asset growth than 15% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

59th percentile

10.0%

Faster revenue growth than 59% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Down

$48,849,349

Down $1,782,410 (-3.5%) from 2024

Net Assets

Up

$17,520,635

Up $1,897,300 (+12%) from 2024

Liabilities

Down

$31,328,714

Down $3,679,710 (-11%) from 2024

Revenue

Up

$20,875,227

Up $1,892,152 (+10.0%) from 2024

Expenses

Up

$19,403,125

Up $1,019,374 (+5.5%) from 2024

Net Income

Up

$1,472,102

Up $872,778 (+146%) from 2024

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2014: $37,938,236Liabilities 2014: $27,432,030Net Assets 2014: $10,506,2062014Assets 2015: $39,496,055Liabilities 2015: $29,231,576Net Assets 2015: $10,264,4792015Assets 2016: $40,248,104Liabilities 2016: $29,018,375Net Assets 2016: $11,229,7292016Assets 2017: $39,789,049Liabilities 2017: $27,977,706Net Assets 2017: $11,811,3432017Assets 2018: $39,632,178Liabilities 2018: $27,368,550Net Assets 2018: $12,263,6282018Assets 2019: $39,603,693Liabilities 2019: $27,150,213Net Assets 2019: $12,453,4802019Assets 2020: $37,751,450Liabilities 2020: $25,171,088Net Assets 2020: $12,580,3622020Assets 2021: $37,804,147Liabilities 2021: $24,668,631Net Assets 2021: $13,135,5162021Assets 2022: $38,306,499Liabilities 2022: $23,865,591Net Assets 2022: $14,440,9082022Assets 2023: $39,598,612Liabilities 2023: $24,718,556Net Assets 2023: $14,880,0562023Assets 2024: $50,631,759Liabilities 2024: $35,008,424Net Assets 2024: $15,623,3352024Assets 2025: $48,849,349Liabilities 2025: $31,328,714Net Assets 2025: $17,520,6352025

Highlighted filing

2025

Assets$48,849,349
Liabilities$31,328,714
Net Assets$17,520,635

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2014: $16,297,439Expenses 2014: $16,061,137Net Income 2014: $236,3022014Revenue 2015: $16,684,454Expenses 2015: $16,936,796Net Income 2015: -$252,3422015Revenue 2016: $17,511,780Expenses 2016: $16,546,024Net Income 2016: $965,7562016Revenue 2017: $16,415,245Expenses 2017: $15,843,524Net Income 2017: $571,7212017Revenue 2018: $16,299,457Expenses 2018: $15,852,555Net Income 2018: $446,9022018Revenue 2019: $16,563,434Expenses 2019: $16,397,251Net Income 2019: $166,1832019Revenue 2020: $16,120,959Expenses 2020: $15,951,824Net Income 2020: $169,1352020Revenue 2021: $15,687,230Expenses 2021: $15,269,216Net Income 2021: $418,0142021Revenue 2022: $17,820,579Expenses 2022: $16,191,439Net Income 2022: $1,629,1402022Revenue 2023: $17,385,003Expenses 2023: $16,992,393Net Income 2023: $392,6102023Revenue 2024: $18,983,075Expenses 2024: $18,383,751Net Income 2024: $599,3242024Revenue 2025: $20,875,227Expenses 2025: $19,403,125Net Income 2025: $1,472,1022025

Highlighted filing

2025

Revenue$20,875,227
Expenses$19,403,125
Net Income$1,472,102
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Apr 1, 2026
Return Version
2024v5.5
Gross Receipts
$28,041,576
Mission and Program Overview

Mission

Maranatha high school is a christ-centered, evangelical college preparatory school that celebrates the whole student by equipping hearts and minds to reflect god's glory through academics, as well as the arts, athletics, and service. We are a christian college-preparatory school of the highest caliber that develops and supports students as they seek and achieve excellence in their diverse interests and passions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$28,125,461$28,163,900▲ $38,439
Accounts Receivable$8,244,627$8,197,042▼ $47,585
Savings and Temporary Cash Investments$5,042,698$5,751,285▲ $708,587
Investments Other Securities$4,674,029$5,184,028▲ $509,999
Cash and Non-Interest-Bearing Accounts$782,163$639,618▼ $142,545
Pledges and Grants Receivable$112,748$439,117▲ $326,369
Prepaid Expenses and Deferred Charges$445,478$369,042▼ $76,436
Total Assets$50,631,759$48,849,349▼ $1,782,410
Other Assets Total$3,204,555$105,317▼ $3,099,238
Liabilities
Tax Exempt Bond Liabilities$17,299,177$16,837,690▼ $461,487
Deferred Revenue$13,229,876$13,196,131▼ $33,745
Accounts Payable and Accrued Expenses$1,249,886$1,180,495▼ $69,391
Other Liabilities$3,229,485$114,398▼ $3,115,087
Total Liabilities$35,008,424$31,328,714▼ $3,679,710
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,896,981$15,333,571▲ $1,436,590
Net Assets With Donor Restrictions$1,726,354$2,187,064▲ $460,710
Total Net Assets Fund Balance$15,623,335$17,520,635▲ $1,897,300
Total Liabilities and Net Assets / Fund Balance$50,631,759$48,849,349▼ $1,782,410

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,144,201$10,128,107$19,272,308
Land$17,275,567-$17,275,567
Equipment$1,076,115$2,181,276$3,257,391
Other Land Buildings$664,649-$664,649
Leasehold Improvements$3,368$15,697$19,065
Other Securities$5,184,028--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$4,818,155$37,719▲ $481,806$5,000$5,332,680
2023$1,121,750$3,579,721▲ $116,684-$4,818,155
2022$1,037,609$5,500▲ $78,641-$1,121,750
2021$1,112,258$6,500▼ $71,149-$1,037,609
2020$1,004,802$10,050▲ $111,006-$1,112,258
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matt KetterlingHead of SchoolFT$191,226$45,136$236,362
Daniel NewkirkPrincipalFT$157,800$32,471$190,271
Lisa TomasonChief Financial OfficerFT$141,040$28,783$169,823
John RouseHead of School (thru 6/2024)FT$129,370$26,723$156,093
Timothy ParentDirector of TechnologyFT$129,053$19,304$148,357
Rand G HoldrenHead Coach/teacherFT$119,276$15,511$134,787
Alicia Anne VesseyDirector of AthleticsFT$116,878$16,797$133,675
Joe ChaiVice Principal (thru 6/2025)FT$112,865$12,005$124,870

Board Members and Trustees

NameTitle
Cory IshdaChairman
Tim ReimersVice Chairman
Ada YehBoard Member
Benjamin ShinBoard Member
Bill Shupper Thru 22025Board Member
Jonathan CrabbBoard Member
Michael C BollenbacherSecretary
Don HaggstromTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
TkcMaintenance4500 CAMERON VALLEY PARKWAY STE 400, Charlotte, NC 28211$850,063
Off Duty OfficersSecurityPO BOX 844843, Los Angeles, CA 90084$639,725
Student Room StayStudent Housing1150 LAUREL LN 130, San Luis Obispo, CA 93401$189,818
Revenue and Support

Revenue Composition

Contributions and Grants
$1,693,853
Program Service Revenue
$18,917,687
Investment Income
$273,725
Other Revenue
$-10,038
All Other Contributions
$1,588,063
Change in Net Assets
$1,472,102

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,861,613
Revenue Not Reported on Financial Statements
$13,614
Revenue Not Reported on Form 990
$-2,883,079
Other Revenue Adjustments
$-10,039
Total Revenue per Audited Statements
$17,978,534
Total Revenue per Form 990
$20,875,227
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,513,667
Other Expenses$6,310,555
Grants and Similar Amounts Paid$3,578,903
Total Fundraising Expense$741,391
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,122,033$792,659$347,893$7,262,585
Grants to Domestic Individuals$3,578,903--$3,578,903
Occupancy$900,217$219,284$34,624$1,154,125
Depreciation Depletion$827,109$201,475$31,812$1,060,396
Other Employee Benefits$686,076$108,917$41,935$836,928
Payroll Taxes$465,671$86,925$29,665$582,261
Current Officers, Directors, Trustees, and Key Employees$104,590$405,295$52,393$562,278
Interest$359,607$87,596$13,831$461,034
Insurance$279,342$68,045$10,744$358,131
Other Expenses$291,898$151,285$47,418$339,316
Pension Plan Contributions$230,309$26,491$12,815$269,615
Information Technology$175,059$42,643$6,733$224,435
Office Expenses$164,235$30,657$10,462$205,354
All Other Expenses$140,500$33,132-$173,632
Advertising$63,783-$54,672$118,455
Fees for Services Legal$7,092$63,824-$70,916
Fees for Services Accounting$6,240$56,164-$62,404
Conferences and Meetings$26,259-$22,507$48,766
Fees for Services Other$4,422$39,798-$44,220
Fees for Service Investment Mgmnt Fees-$23,653-$23,653
Total Functional Expenses$16,215,700$2,446,034$741,391$19,403,125

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$19,403,125
Total Expenses per Audited Statements$16,081,234
Expenses per Audited Statements$16,071,195
Expenses Not Reported on Financial Statements$3,331,930
Other Expense Adjustments$3,308,277
Expenses Not Reported on Form 990$10,039
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,038
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Community Event$105,790-$7,499-
Total Events$105,790-$10,038$-10,038
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$114,398

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia Municipal Finance Authority2020-09-17$18,224,325Provide funds to refund a prior issue

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$18,224,325$18,089,350$1,258,663$134,975

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The executive committee oversees general operations of the board; acts on behalf of the board during on-demand activities that occur between meetings if the full board cannot be convened. The executive committee is made up of five (5) members, including the chair and one person from each of the four (4) standing committees. The executive committee is not authorized to make decisions with respect to the following matters, dissolve the corporation, hire or fire the ceo, enter into contracts greater than $5,000 or sue another entity, make changes to a board-approved budget greater than $10,000, adopt or eliminate major programs, buy or sell property, amend the bylaws or make changes to the board procedure manual and change any policies the board determines must be changed only by the board.

Form 990, Part VI, Section B, Line 11B

The business affairs committee reviews and updates the 990, then forwards the recommended final 990 version to the full board of trustees for review prior to approval and filing.

Form 990, Part VI, Section B, Line 12C

There is a conflict of interest policy in the employee handbook that covers all employees regarding employment, conduct, gifts and off duty activities. The board of trustees has a conflict of interest policy that covers all trustees. Trustees of the board are to sign an annual document identifying and notifying the governing board of any possible conflict of interest. If a significant conflict is deemed to exist, remediation up to and including termination of employees and removal from board of trustee. The conflict of interest of employees are documented in employment file and conflict of interest with board of trustees s hall be discussed in the board meeting and documented in the minutes. All decisions and restrictions regarding conflicts of interest rest in the sole discretion of the board of trustees in the exercise of its ultimate judgment of the best interests of the corporation.

Form 990, Part VI, Section B, Line 15

The independent board compares compensation to other christian and non-christian schools and college-prep level schools when considering the compensation for the head of school. The independent board approves compensation, and this activity is recorded in the board minutes. The head of school uses comparability data in setting the compensation of the cfo. The compensation is approved by the independent board through the annual budgeting process. The process is conducted for each hire of head of school, principal, and cfo. Currently, matt ketterling is the new head of school, and his compensation package was determined by the board at time of hire. Dan newkirk is principal and his compensation was reviewed in june 2024, and lisa tomason is the cfo and was reviewed in june 2024.

Form 990, Part VI, Section C, Line 19

The documents are available upon request

Filing and Contact Details

Filer

Filer Name
Maranatha High School
EIN
95-2401932
Phone
6268174000
Address
169 S ST JOHN AVE, PASADENA, CA 91105

Signing Officer

Name
Lisa Tomason
Title
Chief Financial Officer
Phone
6268174000
Signed
2026-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Tomason
Formed
1965
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
169
Volunteers
400

Preparer

Firm
Armanino Advisory LLC
Address
2700 CAMINO RAMON STE 350, SAN RAMON, CA 94583-5004
Preparer
Katy Brown
Phone
9257902600
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The school's endowment consists of three individual donor-restricted funds established for tuition assistance and a board-designated fund established to attract the children of ministerial, missionary and other full time christian professionals.

PART X, LINE 2:

The school is organized under the nonprofit religious corporation law exclusively for religious purposes and, therefore, is a qualified organization exempt from federal income and california franchise taxes under the provisions for sections 501(c)(3) of the internal revenue code and 23701d of the california revenue and taxation code. U.s. Gaap provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes all of the positions taken by the school are more likely than not to be sustained upon examination.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Financial aid -3,308,277.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising event expenses -10,039.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising event expenses 10,039.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 3,308,277.

Raw XML AppendixShowing 400 of 791 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0MARANATHA HIGH SCHOOL IS A CHRIST-CENTERED, EVANGELICAL COLLEGE PREPARATORY SCHOOL THAT CELEBRATES THE WHOLE STUDENT BY EQUIPPING HEARTS AND MINDS TO REFLECT GOD'S GLORY THROUGH ACADEMICS, AS WELL AS THE ARTS, ATHLETICS, AND SERVICE. WE ARE A CHRISTIAN COLLEGE-PREPARATORY SCHOOL OF THE HIGHEST CALIBER THAT DEVELOPS AND SUPPORTS STUDENTS AS THEY SEEK AND ACHIEVE EXCELLENCE IN THEIR DIVERSE INTERESTS AND PASSIONS.
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IRS990/Desc0MARANATHA HIGH SCHOOL WAS FOUNDED IN 1965 WITH A STARTING ENROLLMENT OF 29 STUDENTS AND HAS GROWN TO BE ONE OF THE AREA'S LEADING PRIVATE SCHOOLS. MARANATHA ENROLLED 570 STUDENTS IN 2024-25 (53% MALE & 47% FEMALE) FROM 83 DIFFERENT ZIP CODES, 157 DIFFERENT MIDDLE SCHOOLS, AND 160 DIFFERENT CHRISTIAN CHURCH BACKGROUNDS. THE CAMPUS IS LOCATED ON THE FORMER AMBASSADOR COLLEGE CAMPUS JUST OFF THE 210 FREEWAY NEAR OLD TOWN PASADENA. MARANATHA FILLS A UNIQUE ROLE IN THE PASADENA AREA PRIVATE SCHOOL MARKET AS THE ONLY NON-DENOMINATIONAL CHRISTIAN HIGH SCHOOL IN THE SAN GABRIEL VALLEY. THE OVERALL EDUCATIONAL GOAL IS TO PROVIDE STUDENTS WITH A COLLEGE PREPARATORY EXPERIENCE WHILE INTEGRATING A BIBLICAL WORLDVIEW IN AN INTENTIONALLY CHRIST-HONORING ENVIRONMENT. EXCELLENCE IS PURSUED ACROSS ALL AREAS OF THE SCHOOL RESULTING IN A DIVERSITY OF EXCEPTIONAL OPPORTUNITIES IN ACADEMICS, ATHLETICS AND THE ARTS. THE SCHOOL OFFERED 34 ADVANCED PLACEMENT (AP) AND HONORS COURSES IN 2024-25. 271 STUDENTS ENROLLED IN AP COURSES, AND 642 AP EXAMS WERE ADMINISTERED. THE STUDENT PASS RATE FOR AP EXAMS WAS 73% LAST YEAR. DURING 2024 MARANATHA RECEIVED HIGHEST LEVEL AWARD FROM THE COLLEGE BOARD FOR THE PLATINUM AP SCHOOL HONOR ROLL. ONLY 6% OF ELIGIBLE SCHOOLS RECEIVE THIS PLATINUM RECOGNITION. THE SCHOOL'S ATHLETIC PROGRAM FEATURES 37 TEAMS IN 20 SPORTS AND HAS WON A TOTAL OF 209 CIF LEAGUE CHAMPIONSHIPS, 29 CIF CHAMPIONSHIPS AND 7 STATE CHAMPIONSHIPS. APPROXIMATELY 80% OF THE STUDENT BODY PARTICIPATES IN ATHLETICS EACH YEAR AND 25% OF SENIOR ATHLETES GO ON TO COMPETE AT THE COLLEGIATE LEVEL. THE SCHOOL'S ARTS PROGRAM CONSISTS OF BOTH VISUAL AND PERFORMING ARTS. ABOUT HALF OF THE STUDENT BODY PARTICIPATES IN THE VARIOUS ARTS OFFERINGS. VISUAL ART COURSES INCLUDE DRAWING, PAINTING, GRAPHIC ARTS AND PHOTOGRAPHY. PERFORMING ARTS INCLUDES ORCHESTRA, MIXED ENSEMBLE, MUSIC THEORY, DANCE TEAM, DANCE COMPANY AND THEATER TROUPE. EACH YEAR THERE ARE 4 MAJOR PERFORMANCES, OF WHICH 2 ARE THEATRICAL AND 2 ARE PERFORMING ART SHOWCASES. SEVERAL TIMES A YEAR OUR VISUAL ARTS PARTICIPANTS JOIN IN OR HOST ART FESTIVALS.
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IRS990/MissionDesc0MARANATHA HIGH SCHOOL IS A CHRIST-CENTERED, EVANGELICAL COLLEGE PREPARATORY SCHOOL THAT CELEBRATES THE WHOLE STUDENT BY EQUIPPING HEARTS AND MINDS TO REFLECT GOD'S GLORY THROUGH ACADEMICS, AS WELL AS THE ARTS, ATHLETICS, AND SERVICE. WE ARE A CHRISTIAN COLLEGE-PREPARATORY SCHOOL OF THE HIGHEST CALIBER THAT DEVELOPS AND SUPPORTS STUDENTS AS THEY SEEK AND ACHIEVE EXCELLENCE IN THEIR DIVERSE INTERESTS AND PASSIONS.
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