PARTNERSHIP ACADEMY INC

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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

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

PARTNERSHIP ACADEMY PROVIDES EXCEPTIONAL LEARNING OPPORTUNITIES FOR STUDENTS IN GRADES PRESCHOOL-8TH GRADE WHO LIVE IN RICHFIELD AND NEIGHBORING COMMUNITIES OF BLOOMINGTON AND SOUTH MINNEAPOLIS. STUDENTS AT PARTNERSHIP ACADEMY BENEFIT FROM AN EXCEPTIONAL ACADEMIC PROGRAM THAT IS CULTURALLY RELEVANT AND FOSTERS STRONG SOCIAL AND EMOTIONAL WELLBEING. STUDENTS HAVE ONE TO ONE DEVICE ACCESS TO TECHNOLOGY AS WELL AS OPPORTUNITIES TO PARTICIPATE IN EXTENDED LEARNING THROUGH AFTER SCHOOL AND SUMMER PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $10,220,910 Revenue: $173,338

OPERATION OF AN EDUCATIONAL INSTITUTION FOR APPROXIMATELY 530 STUDENTS IN GRADES PRESCHOOL THROUGH EIGHTH. ENROLLMENT AT THE SCHOOL CONTINUES TO BE STRONG AND PARENT SATISFACTION IS VERY HIGH.

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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%)

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

Governance

Voting Members

Independent Members

Employees

130

Volunteers

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

$367,841

Total Directors

$263,426

Key Employees

Highest Compensated

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