PALM BAY EDUCATION GROUP INC (EIN 261413851) - 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

2007

Legal Domicile

Principal Officer

RON DANZEY

Phone

8502150770

Tax Period

2024-07-01 to 2025-06-30

PALM BAY EDUCATION GROUP INC, founded in 2007, is a community nonprofit in the Education sector that reported $8.2M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $9.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO OPERATE 3 PUBLIC CHARTER SCHOOLS IN THE STATE OF FLORIDA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,758,520

Investment Income $0

Other Revenue $1,460,953

TOTAL REVENUE $8,219,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,633,840

Other Expenses $9,096,128

TOTAL EXPENSES $9,096,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,219,473	$10,041,935	-0.2%
Expenses	$9,096,128	$9,551,614	0.0%
Net Income	$-876,655	$490,321	-2.8%

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

127

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT HANSON	CHAIRMAN	0.50	Officer Director	$0	$0	$0
SUE BUNCE	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DEREK MCDAVID	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
HUDSON REHM	MEMBER	0.50	Director	$0	$0	$0
REGINA STANLEY	MEMBER	0.50	Director	$0	$0	$0
PATTY PHILLIPS	PRINCIPAL	40.00	Key Emp	$0	$0	$0
JEREMY KNAPP	PRINCIPAL	40.00	Key Emp	$0	$0	$0
RON DANZEY	EXECUTIVE DIRECTOR	40.00	Key Emp	$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
2025	$8,219,473	$9,096,128	$24,949,727	$-876,655
2024	$10,041,935	$9,551,614	$26,804,813	$490,321
2023	$7,283,157	$7,969,627	$22,922,080	$-686,470
2022	$7,030,723	$7,386,781	$22,445,635	$-356,058
2021	$9,070,949	$8,604,415	$21,986,813	$466,534
2020	$12,147,291	$8,714,022	$21,872,144	$3,433,269
2019	$23,218,929	$15,065,632	$22,503,383	$8,153,297

PALM BAY EDUCATION GROUP INC