PRESTIGIOUS ACADEMY INC

EIN: 391957849 501(c)(3) Housing & Shelter

MILWAUKEE, WI

Total Revenue
$718,493
Total Expenses
$686,632
Total Assets
$156,841
Net Assets
N/A
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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
1996
Legal Domicile
WI
Principal Officer
VERDELLA HARVEY
Phone
4147196815
Tax Period
2024-01-01 to 2024-12-31

PRESTIGIOUS ACADEMY INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $718K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $687K left a modest 4% surplus.

Mission

PROVIDE RESIDENTIAL CARE FOR ELDERLY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $718,493
Investment Income $0
Other Revenue $0
TOTAL REVENUE $718,493

Expense Breakdown

Grants Paid $0
Salaries & Benefits $418,464
Fundraising Expenses $0
Program Expenses $686,632
Other Expenses $268,168
TOTAL EXPENSES $686,632

Year-over-Year Comparison

2024 2023 Change
Revenue $718,493 $903,407 -0.2%
Expenses $686,632 $819,050 -0.2%
Net Income $31,861 $84,357 -0.6%
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

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Governance

Voting Members
5
Independent Members
5
Employees
18
Volunteers
26

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VERDELLA HARVEY PRESIDENT 40.00
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 $718,493 $686,632 $156,841 $31,861
2023 $903,407 $819,050 $1,029,778 $84,357
2022 $805,982 $646,613 $833,340 $159,369
2021 $794,665 $562,038 $552,684 $232,627
2020 $738,038 $768,699 $357,509 $-30,661
2019 $657,781 $565,352 $169,630 $92,429
2018 $819,369 $825,653 $82,657 $-6,284
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