PRECIOUS BLESSINGS ACADEMY

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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

2009

Legal Domicile

Principal Officer

ELLIS BIAS

Phone

8042327180

Tax Period

2022-01-01 to 2022-12-31

PRECIOUS BLESSINGS ACADEMY, founded in 2009, is a small nonprofit in the Education sector that reported $234K in total revenue in fiscal year 2022. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $368K exceeded revenue, resulting in a 57% operating deficit.

Mission

PRECIOUS BLESSINGS ACADEMY'S MISSION IS TO NOURISH AND CULTIVATE THE INTELLECTUAL, SPIRITUAL, AND SOCIAL NEEDS OF CHILDREN BY PROVIDING THE VERY BEST ACADEMIC INSTRUCTION IN A SAFE, SECURE, AND LOVING ENVIRONMENT CONDUCIVE TO TOTAL LEARNING, CRITICAL THINKING, AND ENCOURAGING EACH STUDENT TO ATTAIN THEIR HIGHEST GOD GIVEN POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $356,862 Revenue: $234,355

ACCOMPLISH OUR MISSION OF PROVIDING ACADEMIC INSTRUCTION

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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 $0

Program Service Revenue $234,355

Investment Income $0

Other Revenue $0

TOTAL REVENUE $234,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,681

Fundraising Expenses $0

Program Expenses $356,862

Other Expenses $299,465

TOTAL EXPENSES $368,146

Year-over-Year Comparison

	2022	2021	Change
Revenue	$234,355	$317,853	-0.3%
Expenses	$368,146	$471,335	-0.2%
Net Income	$-133,791	$-153,482	-0.1%

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

N/A

Independent Members

N/A

Employees

Volunteers

N/A

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

$46,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOIS BIAS	OFFICER	40.00	Officer	$25,200	$0	$25,200
ELLIS BIAS	OFFICER	40.00	Officer	$21,000	$0	$21,000

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
2022	$234,355	$368,146	$219,579	$-133,791
2021	$317,853	$471,335	$356,144	$-153,482
2020	$255,975	$221,384	$148,361	$34,591
2019	$239,311	$237,394	$3,918	$1,917
2018	$274,734	$269,615	$2,001	$5,119