PRAXIS CORPORATION (EIN 223256823) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

LISA WALCHUSKY

Phone

3157970000

Tax Period

2023-07-01 to 2024-06-30

PRAXIS CORPORATION is a tax-exempt nonprofit with EIN 223256823, based in UTICA, NY. Founded in 1992, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $-2,397 in total revenue , with net assets of $148,235.

Mission

PRAXIS CORPORATION IS A TITLE HOLDING COMPANY WHOSE SOLE PURPOSE IS TO HOLD TITLES TO PROPERTY, COLLECT THE ASSOCIATED INCOME, AND REMIT THE INCOME (LESS EXPENSES) TO MUNSON WILLIAMS PROCTOR ARTS INSTITUTE, A 501(C)(3) ORGANIZATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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 $0

Other Revenue $-2,397

TOTAL REVENUE $-2,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-2,397	$-4,994	-0.5%
Expenses	N/A	N/A	N/A
Net Income	N/A	$-4,994	N/A

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

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

$140,935

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIETRA HARVEY	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS HEILMANN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
FX MATT III	PRESIDENT	1.00	Officer Director	$0	$0	$0
LISA WALCHUSKY	TREASURER	1.00	Officer	$0	$9,735	$140,935

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
2024	$-2,397	No data	$224,663	No data
2023	$-4,994	No data	$213,306	No data
2022	$-57,900	No data	$205,614	No data
2021	$-24,902	No data	$199,257	No data

PRAXIS CORPORATION