THE PRINCIPLED ACADEMY INC (EIN 237291698) - 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

1973

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

THE PRINCIPLED ACADEMY INC, founded in 1973, is a small nonprofit that reported $158K in total revenue in fiscal year 2022. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $391K exceeded revenue, resulting in a 148% operating deficit.

Mission

To create a safe nurturing learning environment with the partnership of parents and teachers to help students from preschool thru 8th grade achieve academic and moral excellence in community with others.

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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 $26,850

Program Service Revenue $146,103

Investment Income $-15,039

Other Revenue $-82

TOTAL REVENUE $157,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $276,568

Fundraising Expenses $0

Program Expenses $372,280

Other Expenses $114,139

TOTAL EXPENSES $390,707

Year-over-Year Comparison

	2022	2021	Change
Revenue	$157,832	$1,191,889	-0.9%
Expenses	$390,707	$1,216,232	-0.7%
Net Income	$-232,875	$-24,343	+8.6%

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

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

$75,750

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Mose Durst	Director President Teacher	10.00	Officer Director	$0	$0	$0
Kristina Seher	Director Secretary	1.00	Officer Director	$0	$0	$0
Alan Seher	Director Treasurer Vice President	1.00	Officer Director	$0	$0	$0
Noah Ross	Director	1.00	Director	$0	$0	$0
Matthew Morrison	Director	1.00	Director	$0	$0	$0
Kevin Thompson	Director	1.00	Director	$0	$0	$0
Steven Jares	Director	1.00	Director	$0	$0	$0
Isaac Durst	Head of School	40.00	Key Emp	$75,000	$750	$75,750

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	No data	No data	No data	No data
2023	$157,832	$390,707	$686,751	$-232,875
2022	$1,191,889	$1,216,232	$924,080	$-24,343
2021	$914,100	$1,021,838	$1,106,715	$-107,738
2020	$1,156,931	$1,027,899	$1,135,641	$129,032

THE PRINCIPLED ACADEMY INC