PINELLAS EDUCATION ORGANIZATION 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

2008

Legal Domicile

Principal Officer

RAY MERRITT

Phone

7274741237

Tax Period

2023-07-01 to 2024-06-30

PINELLAS EDUCATION ORGANIZATION INC, founded in 2008, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2023. Expenses of $3.3M left a modest 10% surplus.

Mission

TO PROVIDE AN ENVIRONMENT FOR THE EDUCATION OF PERSONS AT RISK OF DROPPING OUT OF HIGH SCHOOL

Program Service Accomplishments

Program 1

Expenses: $3,179,744 Revenue: $3,179,744

THE SCHOOL PROVIDES AN ALTERNATIVE HIGH SCHOOL EDUCATION TO STUDENTS BETWEEN THE AGES OF 16 AND 22 WHO HAVE DROPPED OUT OF OR ARE AT RISK OF DROPPING OUT OF A TRADITIONAL HIGH SCHOOL. THE SCHOOL...

THE SCHOOL PROVIDES AN ALTERNATIVE HIGH SCHOOL EDUCATION TO STUDENTS BETWEEN THE AGES OF 16 AND 22 WHO HAVE DROPPED OUT OF OR ARE AT RISK OF DROPPING OUT OF A TRADITIONAL HIGH SCHOOL. THE SCHOOL PROVIDES STUDENTS A COMPREHENSIVE EDUCATION IN STANDARD DIPLOMA COURSEWORK, WORK TRAINING, AND EMPLOYMENT.

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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 $0

Program Service Revenue $3,187,009

Investment Income $0

Other Revenue $460,730

TOTAL REVENUE $3,647,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,179,744

Other Expenses $3,292,450

TOTAL EXPENSES $3,292,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,647,739	$3,681,623	0.0%
Expenses	$3,292,450	$3,496,162	-0.1%
Net Income	$355,289	$185,461	+0.9%

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

$254,975

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY MERRITT	PRESIDENT	1.00	Officer Director	$0	$0	$0
JACOB MONTALVO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIE BRAINARD	TREASURER	1.00	Officer Director	$0	$0	$0
MARK WELSH	MEMBER	1.00	Director	$0	$0	$0
ANDREA EVANS-DIXON	MEMBER	1.00	Director	$0	$0	$0
DONNA HULBERT	EXECUTIVE DIRECTOR	40.00	Key Emp	$150,000	$0	$150,000
STEVEN HUMPHRIES	PRINCIPAL	40.00	Key Emp	$104,975	$0	$104,975

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	$3,647,739	$3,292,450	$6,595,360	$355,289
2023	$3,681,623	$3,496,162	$6,318,956	$185,461
2022	$3,127,899	$3,518,399	$6,201,141	$-390,500
2021	$3,681,158	$2,710,003	$3,867,299	$971,155
2020	$3,182,628	$2,644,440	$2,205,386	$538,188
2019	$2,833,168	$2,405,171	$1,394,992	$427,997