PROMISE ACADEMY (EIN 352519571) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

SARAH CUMMING

Phone

9036307369

Tax Period

2024-07-01 to 2025-06-30

PROMISE ACADEMY, founded in 2014, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

Promise Academy cultivates wise, creative, and compassionate leaders through exemplary Christ-centered education in North Tyler for the joy of our city and the glory of God.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,100,646

Program Service Revenue $93,814

Investment Income $33,788

Other Revenue $0

TOTAL REVENUE $1,228,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $916,678

Fundraising Expenses $152,461

Program Expenses $642,672

Other Expenses $349,594

TOTAL EXPENSES $1,266,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,228,248	$902,851	+0.4%
Expenses	$1,266,272	$1,169,161	+0.1%
Net Income	$-38,024	$-266,310	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$59,870

Total Directors

$59,870

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH CUMMING	HEAD OF SCHOOL	40.00	Officer Director	$59,870	$0	$59,870
NATE HILL	MEMBER	2.00	Director	$0	$0	$0
CYNTHIA FREEMAN	Member	2.00	Director	$0	$0	$0
CYNTHIA RITER	MEMBER	2.00	Director	$0	$0	$0
JON MOORE	MEMBER	2.00	Director	$0	$0	$0
STEPHANIE SHANKLE	MEMBER	2.00	Director	$0	$0	$0
TAMIKIA BELL	MEMBER	2.00	Director	$0	$0	$0
TREY YARBROUGH	Member	2.00	Director	$0	$0	$0
CARTER DELLENEY	MEMBER	2.00	Director	$0	$0	$0
KELLI LOMAX	President	2.00	Officer Director	$0	$0	$0
JEANNE-ELIZABETH RAMIREZ	Secretary	2.00	Officer Director	$0	$0	$0
CATHERINE BANKSTON	MEMBER	2.00	Director	$0	$0	$0
KELLIE POPE	MEMBER	2.00	Director	$0	$0	$0
JOHN MORRISON	Treasurer	2.00	Officer Director	$0	$0	$0
RICKY GARNER	MEMBER	2.00	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	$1,228,248	$1,266,272	$942,517	$-38,024
2024	No data	No data	No data	No data
2023	$971,713	$1,086,492	$1,247,574	$-114,779
2022	$1,012,585	$939,087	$1,347,405	$73,498
2021	$918,927	$836,592	$1,486,087	$82,335
2020	$1,697,283	$608,214	$1,278,859	$1,089,069
2018	$319,808	$317,798	$139,187	$2,010

PROMISE ACADEMY