TYLER, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
PROMISE ACADEMY WRAPPED UP OUR TENTH YEAR OF OPERATION GRADUATING OUR FIFTH CLASS OFFIFTH GRADERS. WE HAD 84 STUDENTS ENROLLED AT PROMISE ACADEMY AND LEAD THEM THROUGH CHALLENGING EDUCATION...
PROMISE ACADEMY WRAPPED UP OUR TENTH YEAR OF OPERATION GRADUATING OUR FIFTH CLASS OFFIFTH GRADERS. WE HAD 84 STUDENTS ENROLLED AT PROMISE ACADEMY AND LEAD THEM THROUGH CHALLENGING EDUCATION OPPORTUNITIES. WE BELIEVE IN EDUCATING THE WHOLE CHILD AND PROVIDE A SOLID CORE CURRICULUM THAT IS FOCUSED ON EXPLICIT AND SYSTEMATIC PHONICS AND READING COMPREHENSION INSTRUCTION AS WELL AS NUMERACY AND MASTERED MATHEMATICS. THIS IS SUPPORTED AND ENRICHED THROUGH EXPERIMENTAL ACTIVITIES, ARTISTIC ENDEAVORS, AND CHARACTER CULTIVATION AND FORMATION. OVER 90% OF OUR STUDENTS WOULD QUALIFY FOR FREE OR REDUCED LUNCH, AND OVER 90% OF OUR FAMILIES ARE FROM A MINORITY ETHNICITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare PROMISE ACADEMY with other nonprofits in Texas and across the country.