MEMPHIS, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROMISE ACADEMY INC, founded in 2004, is a community nonprofit in the Education sector that reported $5.2M in total revenue in fiscal year 2024.
OUR CENTRAL AND ONLY WORK IS TO TEACH AND INSPIRE THE MIND, BODY AND SPIRIT OF OUR CHILDREN SO THAT THEY CAN SUCCEED IN ANY ACADEMIC OR CULTURAL SETTING. PROMISE ACADEMY IS COMMITTED TO PREPARING CHILDREN TO EXCEL IN THE NATION'S MOST REGOROUS SCHOOLS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,159,361 | $5,290,516 | 0.0% |
| Expenses | $5,386,522 | $5,568,628 | 0.0% |
| Net Income | $-227,161 | $-278,112 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHARLES GERBER | PRESIDENT & CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEPHANIE CHITTOM | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DIANA BURTON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHNNY MOORE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| COLENZO HUBBARD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| EMILY WOODSIDE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTHONY BRANCH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CANDIS DAWSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| EMMA REDDEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHERINE WHITE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK WASHINGTON | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$0 | $0 | $175,885 |
| KIASI MALONE | CHIEF OF ACCOUNTABILITY | 40.00 |
Highest
|
$162,284 | $0 | $162,284 |
| WILLIE RICHARDSON | CHIEF OF TECHNOLOGY | 40.00 |
Highest
|
$110,335 | $0 | $110,335 |
| CARMEN FONDREN | FINANCIAL MANAGER | 40.00 |
Highest
|
$101,896 | $0 | $101,896 |
| JEFFREY MONROE | PRINCIPAL | 40.00 |
Highest
|
$102,350 | $0 | $102,350 |
| STEVEN TERRY | FACILITIES MANAGER | 40.00 |
Highest
|
$101,670 | $0 | $101,670 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $5,159,361 | $5,386,522 | $3,749,890 | $-227,161 |
| 2024 | $5,290,516 | $5,568,628 | $4,194,373 | $-278,112 |
| 2023 | $5,346,212 | $5,741,547 | $4,499,082 | $-395,335 |
| 2022 | $6,428,391 | $5,692,124 | $7,397,276 | $736,267 |
| 2021 | $5,120,394 | $4,485,883 | $3,483,000 | $634,511 |
| 2020 | $4,883,444 | $4,879,997 | $3,073,738 | $3,447 |
| 2019 | $5,177,346 | $4,890,430 | $2,317,903 | $286,916 |
| 2018 | $4,648,895 | $4,534,681 | $2,024,890 | $114,214 |
Compare PROMISE ACADEMY INC with other nonprofits in Tennessee and across the country.