PROGENY ACADEMY INC (EIN 384048313) - 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

2017

Legal Domicile

Principal Officer

NICOLE NELSON

Phone

7633259150

Tax Period

2024-07-01 to 2025-06-30

PROGENY ACADEMY INC, founded in 2017, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 9% surplus.

Mission

PROGENY ACADEMYS EDUCATIONAL PHILOSOPHY CENTERS ON THE BELIEF THAT ALL STUDENTS CAN LEARN AND DESERVE THE OPPORTUNITY TO ACCESS AND ENGAGE IN RIGOROUS ACADEMICS AND RECEIVE THE SOCIAL/EMOTIONAL SUPPORT NEEDED TO DEVELOP AS A WELL ROUNDED, LIFE LONG LEARNER. ADDITIONALLY, THE SCHOOL BELIEVES THAT LEARNERS COME TO SCHOOL WITH A UNIQUE PROFILE OF PERSONAL AND ACADEMIC EXPERIENCE AND KNOWLEDGE. ALL STUDENTS NEED A SCHOOL ENVIRONMENT THAT CAN SPECIFICALLY AND ACCURATELY PINPOINT STRENGTHS AND AREAS REQUIRING SUPPORT TO CREATE AN AUTHENTIC AND INDIVIDUALIZED LEARNING EXPERIENCE WHERE THE LEARNER IS CHALLENGED AND SUPPORTED TO MEET OR EXCEED ACADEMIC STANDARDS AND DEVELOPS THE PERSONAL ATTRIBUTES TO ACHIEVE SUCCESS IN SECONDARY LEARNING AND BEYOND.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,916,641

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,916,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $685,839

Fundraising Expenses $0

Program Expenses $1,567,254

Other Expenses $1,055,556

TOTAL EXPENSES $1,741,395

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,916,641	$1,819,673	+0.1%
Expenses	$1,741,395	$1,858,249	-0.1%
Net Income	$175,246	$-38,576	-5.5%

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

$44,101

Total Directors

$51,641

Key Employees

$69,723

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERAMIE STEINERT	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
PETER ZWACH	DIRECTOR	40.00	Director	$51,641	$0	$51,641
NICHELLE HENDERSON	DIRECTOR	2.00	Officer	$44,101	$0	$44,101
ROSE POLLARD	DIRECTOR	2.00	Officer	$0	$0	$0
NICOLE NELSON	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$69,723	$0	$69,723

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	$1,916,641	$1,741,395	$808,062	$175,246
2024	$1,819,673	$1,858,249	$642,144	$-38,576
2023	$1,563,642	$1,463,424	$669,005	$100,218
2022	$1,436,989	$1,395,081	$642,753	$41,908
2021	$1,058,004	$1,174,890	$92,019	$-116,886
2020	$1,020,093	$1,064,940	$174,122	$-44,847
2019	$119,919	$124,045	$47,151	$-4,126

PROGENY ACADEMY INC