Prosperitas Leadership Academy Inc

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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

2007

Legal Domicile

Principal Officer

Nadia Pierre

Tax Period

2022-07-01 to 2023-06-30

Prosperitas Leadership Academy Inc, founded in 2007, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2022.

Mission

The purpose of the school is to establish, provide, promote, supervise, own and conduct a school for the education of persons at risk of dropping out of high school.

Program Service Accomplishments

Program 1

Expenses: $773,109

The school provides an alternative high school education to students between the ages of 16 and 22 who have dropped out of or at risk of dropping out of a traditional high school. The school provides students a comprehensive education in life skills, work training, and employment. The school served an average of 200 students during the fiscal year ended June 30, 2022

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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 $1,135,504

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,135,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $773,109

Other Expenses $1,194,631

TOTAL EXPENSES $1,194,631

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,135,504	$1,165,244	0.0%
Expenses	$1,194,631	$1,108,061	+0.1%
Net Income	$-59,127	$57,183	-2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Clauvens Durace	director	0.50	Director	$0	$0	$0
Michael Spence	President	0.50	Director	$0	$0	$0
Vincent Sparrow	director	0.50	Director	$0	$0	$0
Hudie Stone	Secretary	0.50	Director	$0	$0	$0
Brenda Baisden	Vice President	0.50	Director	$0	$0	$0
Nadia Pierre	Principal	40.00	Officer	$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
2023	$1,135,504	$1,194,631	$2,139,521	$-59,127
2022	$1,165,244	$1,108,061	$2,198,180	$57,183
2021	$1,232,754	$1,243,937	$2,127,076	$-11,183
2020	$1,362,723	$1,299,777	$1,516,629	$62,946
2019	$1,140,815	$1,509,529	$1,425,778	$-368,714