PLATO ACADEMY INCORPORATED (EIN 364246600) - 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

2001

Legal Domicile

Principal Officer

MARIANTHI KORITSARIS

Phone

6304404739

Tax Period

2023-01-01 to 2023-12-31

PLATO ACADEMY INCORPORATED, founded in 2001, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 5% surplus.

Mission

ELEMENTARY AND RELIGIOUS 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $265,488

Program Service Revenue $782,366

Investment Income $0

Other Revenue $9,450

TOTAL REVENUE $1,057,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $583,117

Fundraising Expenses $0

Program Expenses $751,281

Other Expenses $418,797

TOTAL EXPENSES $1,001,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,057,304	$914,603	+0.2%
Expenses	$1,001,914	$851,141	+0.2%
Net Income	$55,390	$63,462	-0.1%

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

Volunteers

N/A

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

$33,000

Total Directors

$33,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIANTHI KORITSARIS	DIRECTOR	40.00	Officer Director	$33,000	$0	$33,000
CATHERINA ANTONOPOULOS	DIRECTOR	0.00	Director	$0	$0	$0
ANASTASIA SAUVAGEAU	DIRECTOR	0.00	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
2023	$1,057,304	$1,001,914	$2,046,644	$55,390
2022	$914,603	$851,141	$1,967,051	$63,462
2021	$1,175,833	$881,615	$1,955,467	$294,218
2020	$658,088	$988,236	No data	$-330,148
2019	$643,733	$747,011	No data	$-103,278
2018	$605,479	$657,236	No data	$-51,757

PLATO ACADEMY INCORPORATED