PITT ACADEMY INC

EIN: 237066205 501(c)(3)

LOUISVILLE, KY

Total Revenue
$1,604,695
Total Expenses
$1,603,965
Total Assets
$2,199,783
Net Assets
$2,121,814
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
KY
Principal Officer
JIM MCDONNELL
Phone
5029666979
Tax Period
2023-07-01 to 2024-06-30

PITT ACADEMY INC, founded in 1949, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

PROVIDE A SAFE, SUPPORTIVE LEARNING ENVIRONMENT TO CHILDREN WITH LEARNING DIFFERENCES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $279,114
Program Service Revenue $1,269,481
Investment Income $15,286
Other Revenue $40,814
TOTAL REVENUE $1,604,695

Expense Breakdown

Grants Paid $138,216
Salaries & Benefits $1,131,058
Fundraising Expenses $3,571
Program Expenses $1,277,174
Other Expenses $334,691
TOTAL EXPENSES $1,603,965

Year-over-Year Comparison

2023 2022 Change
Revenue $1,604,695 $1,391,633 +0.2%
Expenses $1,603,965 $1,440,719 +0.1%
Net Income $730 $-49,086 -1.0%
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

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Governance

Voting Members
12
Independent Members
12
Employees
26
Volunteers
22

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
5
$107,036
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM MCDONNELL PRESIDENT 4.00
Officer Director
$0 $0 $0
RON HOHMANN VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
HARRIET BLANKENSHIP SECRETARY 4.00
Officer Director
$0 $0 $0
SISTER BARBARA BIR DIRECTOR 2.00
Director
$0 $0 $0
STEPHEN ADAMS DIRECTOR 2.00
Director
$0 $0 $0
LISA SMITH DIRECTOR 2.00
Director
$0 $0 $0
KAREN KIRCHDORFER DIRECTOR 2.00
Director
$0 $0 $0
LUIZ FERNANDEZ DIRECTOR 2.00
Director
$0 $0 $0
GEOFF REPP DIRECTOR 2.00
Director
$0 $0 $0
SUSIE LICHT DIRECTOR 2.00
Director
$0 $0 $0
DAN MOYERS TREASURER 4.00
Officer Director
$0 $0 $0
RENEE DOTY PRINCIPAL 45.00
Officer
$102,919 $4,117 $107,036
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 $1,604,695 $1,603,965 $2,199,783 $730
2023 $1,391,633 $1,440,719 $2,186,441 $-49,086
2022 $1,175,039 $1,374,932 $2,230,806 $-199,893
2021 $1,253,509 $1,240,838 $2,410,327 $12,671
2020 $1,054,257 $1,265,605 $2,544,833 $-211,348
2019 $1,096,475 $1,179,448 $2,615,369 $-82,973
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