SOPHIA ACADEMY

EIN: 311736069 501(c)(3) Education

PROVIDENCE, RI

Total Revenue
$1,868,775
Total Expenses
$2,195,777
Total Assets
$7,900,559
Net Assets
$7,763,159
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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
2001
Legal Domicile
RI
Principal Officer
MARIE MYERS
Phone
4017840021
Tax Period
2024-07-01 to 2025-06-30

SOPHIA ACADEMY, founded in 2001, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

MIDDLE SCHOOL FOR GIRLS FROM LOW-INCOME FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,251,228
Program Service Revenue $38,258
Investment Income $586,624
Other Revenue $-7,335
TOTAL REVENUE $1,868,775

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,319,385
Fundraising Expenses $489,077
Program Expenses $1,405,729
Other Expenses $876,392
TOTAL EXPENSES $2,195,777

Year-over-Year Comparison

2024 2023 Change
Revenue $1,868,775 $1,336,138 +0.4%
Expenses $2,195,777 $1,743,859 +0.3%
Net Income $-327,002 $-407,721 -0.2%
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
17
Independent Members
16
Employees
24
Volunteers
31

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
5
$155,342
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RELE ABIADE BOARD MEMBER 1.00
Director
$0 $0 $0
KIM PERRY BOARD MEMBER 1.00
Director
$0 $0 $0
LUCKSON OMOAREGBA SECRETARY 0.50
Officer Director
$0 $0 $0
PATRICIA ANDREU BOARD MEMBER 0.50
Director
$0 $0 $0
JOY FOX PRESIDENT 0.50
Officer Director
$0 $0 $0
LARA COUTURIER VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
SHEILA M BAUTISTA-ALMEIDA BOARD MEMBER 0.50
Director
$0 $0 $0
KELLY CLIFTON BOARD MEMBER 0.50
Director
$0 $0 $0
ADRIANA DAWSON BOARD MEMBER 0.50
Director
$0 $0 $0
TANISHA SPRUILL DENNIS BOARD MEMBER 0.50
Director
$0 $0 $0
KERCI STROUD MARCELLO BOARD MEMBER 0.50
Director
$0 $0 $0
SARA SHEA MCCONNELL BOARD MEMBER 0.50
Director
$0 $0 $0
LIL BREUL O'ROURKE BOARD MEMBER 0.50
Director
$0 $0 $0
GEORGINA SARPONG BOARD MEMBER 0.50
Director
$0 $0 $0
JACQUELINE SWEENEY BOARD MEMBER 0.50
Director
$0 $0 $0
REBECCA WEBBER TREASURER 0.50
Officer Director
$0 $0 $0
MARIE MYERS HEAD OF SCHOOL 40.00
Officer
$152,625 $2,717 $155,342
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 $1,868,775 $2,195,777 $7,900,559 $-327,002
2024 $1,336,138 $1,743,859 $8,386,386 $-407,721
2023 $1,350,863 $1,712,494 $8,703,817 $-361,631
2022 $4,001,759 $1,616,728 $8,940,981 $2,385,031
2021 $3,982,629 $1,664,114 $6,892,832 $2,318,515
2020 $1,545,988 $1,363,025 $4,364,735 $182,963
2019 $1,638,706 $1,382,502 $4,088,122 $256,204
2018 $1,442,485 $1,241,093 $3,710,174 $201,392
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