PROVIDENCE PREPARATORY SCHOOL (EIN 273267917) - 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

2010

Legal Domicile

Principal Officer

AUSTIN SKAGGS

Phone

2543071165

Tax Period

2024-07-01 to 2025-06-30

PROVIDENCE PREPARATORY SCHOOL, founded in 2010, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024. Expenses of $2.6M left a modest 14% surplus.

Mission

PROVIDENCE PREPARATORY SCHOOL IS A CHRISTIAN, CLASSICAL, COLLABORATIVE PREK-12 SCHOOL.

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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 $196,932

Program Service Revenue $2,741,835

Investment Income $61,253

Other Revenue $45,425

TOTAL REVENUE $3,045,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,003,308

Fundraising Expenses $9,275

Program Expenses $2,550,224

Other Expenses $610,479

TOTAL EXPENSES $2,613,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,045,445	$2,821,814	+0.1%
Expenses	$2,613,787	$2,573,914	+0.0%
Net Income	$431,658	$247,900	+0.7%

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

119

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

$13,557

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD ALMOND	DIRECTOR/EMPLOYEE	5.00	Director	$8,132	$0	$8,132
CAROL BROWN	DIRECTOR/EMPLOYEE	5.00	Director	$5,425	$0	$5,425
AUSTIN SKAGGS	PRESIDENT	15.00	Officer Director	$0	$0	$0
ALYSE LILIE	SECRETARY	10.00	Officer Director	$0	$0	$0
BRIAN PATRICK	TREASURER	10.00	Officer Director	$0	$0	$0
JUSTIN GAIDUSEK	DIRECTOR	5.00	Director	$0	$0	$0
KELLY MATTIX	DIRECTOR	5.00	Director	$0	$0	$0
JUSTIN BAXLEY	DIRECTOR	5.00	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
2025	$3,045,445	$2,613,787	$2,619,671	$431,658
2024	No data	No data	No data	No data
2023	$2,410,083	$2,300,396	$1,844,601	$109,687
2022	$2,264,657	$2,116,940	$1,470,435	$147,717
2021	$1,769,916	$1,774,200	$1,273,960	$-4,284
2020	$1,847,589	$1,598,747	$1,222,725	$248,842
2019	$1,508,765	$1,431,354	$984,214	$77,411
2018	$1,220,350	$1,180,141	$883,113	$40,209

PROVIDENCE PREPARATORY SCHOOL