PROVIDENCE EXTENSION MINISTRIES INC (EIN 262424067) - 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

2008

Legal Domicile

Principal Officer

ELIZABETH SMITH

Phone

5137749322

Tax Period

2023-01-01 to 2023-12-31

PROVIDENCE EXTENSION MINISTRIES INC, founded in 2008, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

TO ENABLE PARENTS TO PROVIDE A CHRIST-CENTERED, FINANCIALLY APPEALING, COLLEGE PREPARATORY ALTERNATIVE THAT TRAINS STUDENTS TO EMPLOY SOUND REASONING WHILE DEVELOPING A STRONG BIBLICAL LIFE AND WORLDVIEW, EQUIPPING THEM WITH THE TOOLS FOR SELF-GOVERNMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $17,635

Program Service Revenue $1,332,197

Investment Income $237

Other Revenue $0

TOTAL REVENUE $1,350,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,212,735

Fundraising Expenses $0

Program Expenses $1,039,519

Other Expenses $213,407

TOTAL EXPENSES $1,426,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,350,069	$1,554,623	-0.1%
Expenses	$1,426,142	$1,462,062	0.0%
Net Income	$-76,073	$92,561	-1.8%

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

135

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
ELIZABETH SMITH	PRESIDENT	N/A	Officer Director	$0	$0	$0
LELAND TREY SMITH	SECRETARY, T	N/A	Officer Director	$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
2024	No data	No data	No data	No data
2023	$1,350,069	$1,426,142	$1,357,448	$-76,073
2022	$1,554,623	$1,462,062	$1,402,910	$92,561
2021	$1,717,992	$1,496,862	$1,321,308	$221,130
2020	$1,422,115	$1,561,597	$1,104,876	$-139,482
2019	$1,971,168	$1,777,317	$1,244,358	$193,851
2018	$1,649,956	$1,709,317	$1,050,507	$-59,361

PROVIDENCE EXTENSION MINISTRIES INC