THE PATRICK SCHOOL INC (EIN 383872828) - 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

2012

Legal Domicile

Principal Officer

CHRISTOPHER CHAVANNES

Phone

9082203173

Tax Period

2023-01-01 to 2023-12-31

THE PATRICK SCHOOL INC, founded in 2012, is a micro nonprofit in the Education sector that reported $23K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $383K exceeded revenue, resulting in a 1560% operating deficit.

Mission

PRIVATE NOT FOR PROFIT SECONDARY SCHOOL THAT PROVIDES A COMPREHENSIVE AND AFFORDABLE EDUCATION TO STUDENTS FROM ALL SOCIOECONOMIC BACKGROUNDS. THE MISSION OF THE SCHOOL IS TO FOSTER IN STUDENTS A LIFE-LONG PASSION FOR LEARNING, INDIVIDUAL GROWTH, AND SOCIAL RESPONSIBILITY IN A SAFE AND FAMILIAL ENVIRONMENT.

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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 $133,665

Program Service Revenue $203,780

Investment Income $-314,382

Other Revenue $0

TOTAL REVENUE $23,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,898

Fundraising Expenses $0

Program Expenses $382,831

Other Expenses $123,933

TOTAL EXPENSES $382,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,063	$378,155	-0.9%
Expenses	$382,831	$370,257	+0.0%
Net Income	$-359,768	$7,898	-46.6%

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

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER CHAVANNES	PRESIDENT	50.00	Director	$50,000	$0	$50,000
DR MARY JO MCKINLEY	PRINCIPAL	30.00	Director	$30,000	$0	$30,000
AMANDA CHAVANNES	TRUSTEE	5.00	Director	$0	$0	$0
JHAMAR YOUNG BLOOD	TRUSTEE	5.00	Director	$0	$0	$0
DAVID R LIPMAN	ADVISOR	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$23,063	$382,831	$159,908	$-359,768
2022	$378,155	$370,257	$510,176	$7,898
2021	$476,255	$465,328	$430,020	$10,927
2020	$538,262	$598,858	$585,681	$-60,596
2019	$849,090	$863,897	$557,351	$-14,807
2018	$851,422	$870,880	$564,199	$-19,458

THE PATRICK SCHOOL INC