PAVE SCHOOLS INC (EIN 204241997) - 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

2006

Legal Domicile

Principal Officer

PATRICK SWEENEY

Phone

7188587813

Tax Period

2023-07-01 to 2024-06-30

PAVE SCHOOLS INC, founded in 2006, is a micro nonprofit in the Education sector that reported $16K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $990K exceeded revenue, resulting in a 6022% operating deficit.

Mission

PAVE SCHOOLS, INC. SUPPORTED THE OPERATION OF CHARTER SCHOOLS IN BROOKLYN, NEW YORK AND RALEIGH, NORTH CAROLINA. THE ORGANIZATION HAS SHUT DOWN OPERATIONS AND THE CHARTER SCHOOLS NOW EXIST AS A STAND ALONE, COMMUNITY BASED PUBLIC CHARTER SCHOOLS GOVERNED AND SUPPORTED BY LOCAL BOARDS OF DIRECTORS.

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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 $0

Program Service Revenue $0

Investment Income $16,174

Other Revenue $0

TOTAL REVENUE $16,174

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $961,113

Other Expenses $990,239

TOTAL EXPENSES $990,239

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,174	$22,272	-0.3%
Expenses	$990,239	$1,002,023	0.0%
Net Income	$-974,065	$-979,751	0.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK SWEENEY	BOARD CHAIR & PRESIDENT	0.20	Officer Director	$0	$0	$0
STEVE OLSON	TREASURER	0.20	Officer Director	$0	$0	$0
RICK GERSON	TRUSTEE	0.20	Director	$0	$0	$0
DYLAN GLENN	TRUSTEE	0.20	Director	$0	$0	$0
COLEMAN KENNEDY	TRUSTEE, THRU MARCH 2024	0.20	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	No data	No data	No data	No data
2024	$16,174	$990,239	$29,421,674	$-974,065
2023	$22,272	$1,002,023	$30,379,221	$-979,751
2022	$5,559	$998,102	$31,353,489	$-992,543
2021	$15,301,214	$1,847,317	$32,353,117	$13,453,897
2020	$2,584,711	$3,588,897	$40,769,276	$-1,004,186
2019	$3,913,401	$5,072,973	$41,737,975	$-1,159,572
2018	$3,325,784	$4,913,720	$43,243,830	$-1,587,936

PAVE SCHOOLS INC