PORTLAND CHRISTIAN SCHOOL SYSTEM I… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

JOSH LESAGE

Phone

5024293727

Tax Period

2024-07-01 to 2025-06-30

PORTLAND CHRISTIAN SCHOOL SYSTEM INC, founded in 2005, is a community nonprofit in the Education sector that reported $7.7M in total revenue in fiscal year 2024.

Mission

PORTLAND CHRISTIAN SCHOOL IS COMMITTED TO HONORING OUR LORD AND SAVIOR JESUS CHRIST, THE CREATOR OF ALL THINGS, WITH A LEARNING ENVIRONMENT THAT IS BASED ON BIBLICAL PRINCIPLES AND IS INTELLECTUALLY STIMULATING.

Program Service Accomplishments

Program 1

Expenses: $6,896,233 Revenue: $6,650,294

PORTLAND CHRISTIAN SCHOOL ("PCS") PROVIDES PRE-K THROUGH GRADE 12 EDUCATION AT OUR TWO CAMPUSES IN LOUISVILLE, KY. THE SCHOOL WAS FOUNDED IN 1924 UPON THE FACT THAT "THE FEAR OF THE LORD IS THE...

PORTLAND CHRISTIAN SCHOOL ("PCS") PROVIDES PRE-K THROUGH GRADE 12 EDUCATION AT OUR TWO CAMPUSES IN LOUISVILLE, KY. THE SCHOOL WAS FOUNDED IN 1924 UPON THE FACT THAT "THE FEAR OF THE LORD IS THE BEGINNING OF KNOWLEDGE." OUR FACULTY AND STAFF ARE COMPRISED OF CHRISTIANS WHO ARE DEDICATED TO SERVING GOD AND YOUTH. OUR CURRENT ENROLLMENT CONSISTS OF APPROXIMATELY 470 STUDENTS ON OUR K-12 CAMPUS, AND APPROXIMATELY 100 STUDENTS AT OUR "LITTLE SCHOOL" (PRE-K) CAMPUS. THE SCHOOL IS ACCREDITED BY THE ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL (ACSI). PCS PROVIDES A WIDE RANGE OF PROGRAMS AND EXPERIENCES FOR ITS STUDENT BODY, INCLUDING AP COURSES, PERFORMING ARTS, ATHLETICS, CLUBS, MISSION TRIPS, AND MORE, AND EMPLOYS APPROXIMATELY 100 FULL TIME AND PART TIME FACULTY AND STAFF.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,034,927

Program Service Revenue $6,650,294

Investment Income $-23,980

Other Revenue $52,703

TOTAL REVENUE $7,713,944

Expense Breakdown

Grants Paid $1,599,207

Salaries & Benefits $3,884,960

Fundraising Expenses $175,615

Program Expenses $6,896,233

Other Expenses $2,407,305

TOTAL EXPENSES $7,891,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,713,944	$8,100,272	0.0%
Expenses	$7,891,472	$7,703,588	+0.0%
Net Income	$-177,528	$396,684	-1.4%

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

149

Volunteers

124

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

$194,944

Total Directors

$145,094

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH LESAGE	EXECUTIVE DI	40.00	Officer	$129,713	$0	$129,713
ERIC HOWARD	DEVELOPMENT	40.00	Director	$111,059	$0	$111,059
WILL NETHERY	DIRECTOR OF	40.00	Officer	$65,231	$0	$65,231
ASHLEY CARPENTER	TEACHER REPR	40.00	Director	$34,035	$0	$34,035
COREY BEYERLE	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHRYN BOURNE	BOARD MEMBER	N/A	Director	$0	$0	$0
DANIEL GRIMES	BOARD MEMBER	2.00	Director	$0	$0	$0
NATHAN GRIMES	BOARD MEMEBR	2.00	Director	$0	$0	$0
BILL HEID	BOARD MEMBER	2.00	Director	$0	$0	$0
GENE HEID	BOARD MEMBER	2.00	Director	$0	$0	$0
TIM HEID	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL HENDERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
BEN HOEHLER	VICE CHAIRMA	2.00	Director	$0	$0	$0
DAN MILLER	SECRETARY	2.00	Director	$0	$0	$0
RAY MITCHELL	CHAIRMAN	2.00	Director	$0	$0	$0
JOE MORRISON	BOARD MEMBER	2.00	Director	$0	$0	$0
PHILLIP MULLINS	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY PORTER	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN THOMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
BRITTANY YOUNG	BOARD MEMBER	2.00	Director	$0	$0	$0

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	$7,713,944	$7,891,472	$14,995,927	$-177,528
2024	$8,100,272	$7,703,588	$15,070,554	$396,684
2023	$13,519,638	$6,987,499	$15,085,430	$6,532,139
2022	$8,391,895	$5,660,175	$10,947,689	$2,731,720
2021	$5,939,428	$4,837,436	$8,656,045	$1,101,992
2020	$4,517,425	$4,754,257	$7,324,811	$-236,832

PORTLAND CHRISTIAN SCHOOL SYSTEM INC