PARTNERSHIP ACADEMY INC

EIN: 010701608 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$11,125,353
Total Expenses
$11,405,452
Total Assets
$8,448,404
Net Assets
$-1,937,853
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MN
Principal Officer
LISA HENDRICKS
Phone
6128663630
Tax Period
2022-07-01 to 2023-06-30

PARTNERSHIP ACADEMY INC, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $11.1M in total revenue in fiscal year 2022.

Mission

CREATE LEARNING EXPERIENCES AND PARTNERSHIPS EMPOWERING STUDENTS TO ACHIEVE THEIR GREATEST POTENTIAL

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $10,947,959
Program Service Revenue $0
Investment Income $0
Other Revenue $177,394
TOTAL REVENUE $11,125,353

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,809,231
Fundraising Expenses $0
Program Expenses $10,220,910
Other Expenses $3,596,221
TOTAL EXPENSES $11,405,452

Year-over-Year Comparison

2022 2021 Change
Revenue $11,125,353 $11,186,536 0.0%
Expenses $11,405,452 $10,993,641 +0.0%
Net Income $-280,099 $192,895 -2.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
3
Employees
130
Volunteers
10

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$367,841
Total Directors
10
$263,426
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSICA ARNOLDI SECRETARY/TEACHER 41.00
Officer Director
$65,488 $8,316 $73,804
CHRISTA HEILIGENTHAL TREASURER/TEACHER 41.00
Officer Director
$58,906 $7,744 $66,650
LENA STACKHOUSE-ROGERS VICE PRESIDENT 41.00
Officer Director
$0 $0 $0
CRAIG NOLES TEACHER 41.00
Director
$42,764 $4,223 $46,987
VERONICA RAMOS PRESIDENT/CHAIR 1.00
Officer Director
$0 $0 $0
CYNDI FRANCO SANDOVAL PARENT MEMBER 1.00
Director
$0 $0 $0
CANDACE BASS COMMUNITY MEMBER 1.00
Director
$0 $0 $0
MARIA LUNA MEDINA PARENT MEMBER 1.00
Director
$0 $0 $0
MARIA ANDUEZA PARENT MEMBER 1.00
Director
$0 $0 $0
MICHAEL JOHNSON EXECUTIVE DIRECTOR 41.00
Officer Director
$70,000 $5,985 $75,985
LISA HENDRICKS DIRECTOR OF FINANCE/FOUNDER 41.00
Officer
$139,587 $11,815 $151,402
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $11,125,353 $11,405,452 $8,448,404 $-280,099
2022 $11,186,536 $10,993,641 $7,413,383 $192,895
2021 $9,146,310 $8,757,691 $6,883,815 $388,619
2020 $7,746,728 $8,388,040 $5,069,662 $-641,312
2019 $6,161,303 $5,357,886 $5,733,196 $803,417
2018 $5,850,235 $6,773,285 $6,715,235 $-923,050
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