PACE CAREER ACADEMY (EIN 371645637) - 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

2011

Legal Domicile

Principal Officer

GENE CALVANO

Phone

6032101882

Tax Period

2021-07-01 to 2022-06-30

PACE CAREER ACADEMY, founded in 2011, is a small nonprofit that reported $158K in total revenue in fiscal year 2021. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $335K exceeded revenue, resulting in a 113% operating deficit.

Mission

PACE CAREER ACADEMY SERVES TO PROVIDE EDUCATION TO THOSE STUDENTS WHO HAVE STRUGGLED IN MORE TRADITIONAL SCHOOL STRUCTURES BY OFFERING A HIGHLY PERSONALIZED EDUCATION FOCUSED ON PERSONAL DEVELOPMENT, CORE ACADEMICS, AND CAREER EXPERIENCE, LEADING TO A HIGH SCHOOL DEGREE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $707

Program Service Revenue $8

Investment Income $149,058

Other Revenue $7,929

TOTAL REVENUE $157,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,561

Fundraising Expenses $0

Program Expenses $88,385

Other Expenses $332,894

TOTAL EXPENSES $335,455

Year-over-Year Comparison

	2021	2020	Change
Revenue	$157,702	$1,073,428	-0.9%
Expenses	$335,455	$885,504	-0.6%
Net Income	$-177,753	$187,924	-1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GENE CALVANO	TREASURER	20.00	Officer 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
2022	$157,702	$335,455	No data	$-177,753
2021	$1,073,428	$885,504	$1,549,092	$187,924
2020	$795,130	$697,354	$1,575,979	$97,776
2019	$649,443	$570,949	$1,426,489	$78,494

PACE CAREER ACADEMY