PROCTOR ACADEMY (EIN 020222179) - Form 990 Financial Analysis & Trantor Score

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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

1848

Legal Domicile

Principal Officer

STEVE WILKINS

Phone

6037356000

Tax Period

2023-07-01 to 2024-06-30

PROCTOR ACADEMY, founded in 1848, is a mid-sized nonprofit in the Education sector that reported $38.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $35.3M left a modest 9% surplus.

Mission

TAKING INSPIRATION FROM OUR MOTTO, PROCTOR ACADEMY CREATES A DIVERSE LEARNING AND LIVING COMMUNITY: ONE THAT VALUES THE INDIVIDUAL AND RECOGNIZES THE POTENTIAL OF EACH MEMBER TO STRETCH BEYOND WHAT HAD BEEN THOUGHT POSSIBLE. BALANCING ACADEMIC RIGOR, STRUCTURE, AND SUPPORT WITH THE FREEDOM FOR STUDENTS TO EXPLORE, CREATE AND DEFINE THEMSELVES, PROCTOR ENCOURAGES STUDENTS TO ACHIEVE THEIR OPTIMAL GROWTH. A DEEP COMMITMENT TO A LEARNING SKILLS PROGRAM AND A STRONG EMPHASIS ON EXPERIENTIAL LEARNING IS INTERWOVEN THROUGHOUT PROCTOR'S ACADEMIC, ATHLETIC, ARTISTIC, AND ENVIRONMENTALLY CONSCIOUS PROGRAMS BOTH ON AND OFF CAMPUS. PROCTOR STUDENTS GRADUATE UNDERSTANDING THE VALUES OF HONESTY, COMPASSION, RESPECT, AND RESONSIBILTY, PROCEEDING WITH CONFIDENCE AND WITH STRATEGIES TO BECOME LIFE-LONG LEARNERS AND THOUGHTFUL CONTRIBUTORS TO THEIR COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,438,967

Program Service Revenue $28,665,509

Investment Income $1,484,723

Other Revenue $223,305

TOTAL REVENUE $38,812,504

Expense Breakdown

Grants Paid $6,647,007

Salaries & Benefits $16,236,772

Fundraising Expenses $2,122,956

Program Expenses $27,294,517

Other Expenses $12,383,938

TOTAL EXPENSES $35,267,717

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,812,504	$34,287,154	+0.1%
Expenses	$35,267,717	$32,772,891	+0.1%
Net Income	$3,544,787	$1,514,263	+1.3%

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

333

Volunteers

305

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

$422,867

Total Directors

$88,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDRA SHOR	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA TOSCH	TRUSTEE	1.00	Director	$0	$0	$0
ANDY STEVENSON	TRSUTEE	1.00	Director	$0	$0	$0
ARMINS RUSIS	CO VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BECCA O'CONNOR	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS RAY	TRUSTEE	1.00	Director	$0	$0	$0
DOUG ROBIE	TRUSTEE	1.00	Director	$0	$0	$0
HADLEY SCULLY	TRUSTEE	1.00	Director	$0	$0	$0
JON ROSENSHINE	TRUSTEE	1.00	Director	$0	$0	$0
KAREN BONEWALD	TREASURER	1.00	Officer Director	$0	$0	$0
KATE KREHBIEL	TRUSTEE	1.00	Director	$0	$0	$0
KIM GUERSTER	CLERK	1.00	Officer Director	$0	$0	$0
KURT CROFT	CHIEF RESOURCE OFFICER	40.00	Officer Director	$76,213	$12,162	$88,375
LAURA BARKAN	TRUSTEE	1.00	Director	$0	$0	$0
LYNNIE LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
MARK JOHNSON	CO VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY STEWARD	TRUSTEE	1.00	Director	$0	$0	$0
MAX COBB	TRUSTEE	1.00	Director	$0	$0	$0
MELANIE SANFORD	TRUSEE	1.00	Director	$0	$0	$0
PEDRO REYNOSO	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA LEAVITT	TRUSTEE	1.00	Director	$0	$0	$0
RENA CLARK	TRUSTEE	1.00	Director	$0	$0	$0
STEVE WILKINS	TRUSTEE	1.00	Director	$0	$0	$0
TIM MINER	TRUSTEE	1.00	Director	$0	$0	$0
TRAVIS WARREN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN THOMAS	HEAD OF SCHOOL	40.00	Officer	$267,164	$67,328	$334,492
CHRISTOPHER BARTLETT	DIRECTOR OF ENROLLMENT & M	40.00	Highest	$141,170	$47,714	$188,884
KARIN CLOUGH	ASSISTANT HEAD OF SCHOOL	40.00	Highest	$139,162	$41,044	$180,206
KEITH BARRETT	DIRECTOR OF DEVELOPMENT	40.00	Highest	$194,031	$51,421	$245,452
SCOTT ALLENBY	CHIEF STRATEGY AND COMMUNICATIONS OFFICER	40.00	Highest	$108,454	$46,176	$154,630

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	$38,812,504	$35,267,717	$97,647,779	$3,544,787
2023	$34,287,154	$32,772,891	$92,673,112	$1,514,263
2022	$32,135,828	$30,711,242	$90,436,453	$1,424,586
2021	$32,500,364	$29,696,920	$95,022,490	$2,803,444
2020	$31,542,996	$28,934,417	$88,196,091	$2,608,579
2019	$28,946,847	$28,856,737	$83,509,711	$90,110

PROCTOR ACADEMY