PARAMOUNT SCHOOLS OF EXCELLENCE

EIN: 263890401 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$30,915,211
Total Expenses
$29,985,605
Total Assets
$46,990,984
Net Assets
$21,182,786
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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
2009
Legal Domicile
IN
Principal Officer
THOMAS REDDICKS
Phone
3177756660
Tax Period
2023-07-01 to 2024-06-30

PARAMOUNT SCHOOLS OF EXCELLENCE, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $30.9M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $30.0M left a modest 3% surplus.

Mission

TO INSPIRE LEARNING THROUGH AN UNPARALLELED ACADEMIC APPROACH, AND TRANSFORM COMMUNITIES BY CHANGING LIVES.

Program Service Accomplishments

Program 1
Expenses: $23,988,484 Revenue: $107,839

PARAMOUNT'S EDUCATION FRAMEWORK AND HARDWORKING STAFF HAVE PROVEN TO BE A SUCCESSFUL COMBINATION. STATE TESTING CONSISTENTLY RANKS PARAMOUNT AMONG THE TOP CHARTER SCHOOLS IN INDIANA. RESULTS FOR THE...

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PARAMOUNT'S EDUCATION FRAMEWORK AND HARDWORKING STAFF HAVE PROVEN TO BE A SUCCESSFUL COMBINATION. STATE TESTING CONSISTENTLY RANKS PARAMOUNT AMONG THE TOP CHARTER SCHOOLS IN INDIANA. RESULTS FOR THE 2019 INDIANA ILEARN ACADEMIC ASSESSMENT PLACED PARAMOUNT COTTAGE HOME AS THE TOP-PERFORMING SCHOOL WITHIN THE IPS' BOUNDARIES, AND PARAMOUNT BROOKSIDE AS THE FOURTH HIGHEST. ADDITIONALLY, PARAMOUNT COTTAGE HOME AND BROOKSIDE WERE DESIGNATED AN INDIANA "A" SCHOOL AND A 2018 U.S. BLUE RIBBON SCHOOL; COTTAGE HOME 2024 & BROOKSIDE 2018. THE EDUCATION EQUALITY INDEX RECOGNIZED PSOE FOR CLOSING THE ACHIEVEMENT GAP IRRESPECTIVELY OF A FAMILY'S INCOME. AND THE INDIANA DEPARTMENT OF EDUCATION INCLUDED PARAMOUNT AMONG THE 200 PROMISING PRACTICES FOR ACCESSIBILITY IN STEM EDUCATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $30,457,035
Program Service Revenue $0
Investment Income $373,742
Other Revenue $84,434
TOTAL REVENUE $30,915,211

Expense Breakdown

Grants Paid $30,033
Salaries & Benefits $18,516,522
Fundraising Expenses $0
Program Expenses $23,988,484
Other Expenses $11,439,050
TOTAL EXPENSES $29,985,605

Year-over-Year Comparison

2023 2022 Change
Revenue $30,915,211 $24,940,756 +0.2%
Expenses $29,985,605 $20,704,367 +0.4%
Net Income $929,606 $4,236,389 -0.8%
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

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Governance

Voting Members
8
Independent Members
7
Employees
378
Volunteers
50

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
6
$380,735
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM RUDE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JUDE AMI VICE CHAIR 1.00
Officer Director
$0 $0 $0
PEGGY BLACKARD BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
BRITTANY ELDGRIDGE BOARD TREASURER 1.00
Officer Director
$0 $0 $0
ASTER BEKELE BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA BISHOP BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES HAZZARD BOARD MEMBER 1.00
Director
$0 $0 $0
ELSA MENDEZ BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS REDDICKS EXECUTIVE DIRECTOR 40.00
Officer
$194,464 $20,071 $214,535
MARCUS MILLER CFO 40.00
Officer
$145,270 $20,930 $166,200
TARA GUSTIN COO 40.00
Highest
$145,351 $4,892 $150,243
KYLE BEAUCHAMP CHIEF ACADEMIC OFFICER 40.00
Highest
$166,502 $9,902 $176,404
TIFFANY PALACIOS SR. VP HUMAN RESOURCES 40.00
Highest
$104,562 $21,232 $125,794
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 $30,915,211 $29,985,605 $46,990,984 $929,606
2023 $24,940,756 $20,704,367 $42,235,427 $4,236,389
2022 $23,881,442 $17,588,627 $32,624,860 $6,292,815
2021 $17,668,057 $14,226,299 $26,182,801 $3,441,758
2020 $12,116,236 $12,930,638 $17,346,083 $-814,402
2019 $10,358,700 $9,421,641 $12,960,535 $937,059
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