PROVIDENCE ACADEMY (EIN 411883866) - 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

1997

Legal Domicile

Principal Officer

ROBERT CUMMINS

Phone

7632582500

Tax Period

2023-07-01 to 2024-06-30

PROVIDENCE ACADEMY, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $30.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.4M, a strong 24% operating margin.

Mission

COLLEGE-PREP SCHOOL WITH A COMPREHENSIVE CORE-KNOWLEDGE CURRICULUM.

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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 $9,623,739

Program Service Revenue $17,578,032

Investment Income $1,939,402

Other Revenue $1,706,837

TOTAL REVENUE $30,848,010

Expense Breakdown

Grants Paid $1,411,722

Salaries & Benefits $13,928,850

Fundraising Expenses $381,459

Program Expenses $19,492,131

Other Expenses $8,104,925

TOTAL EXPENSES $23,445,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,848,010	$27,293,901	+0.1%
Expenses	$23,445,497	$21,655,044	+0.1%
Net Income	$7,402,513	$5,638,857	+0.3%

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

215

Volunteers

354

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

$535,045

Total Directors

$60,880

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT CUMMINGS	BOARD CHAIR	10.00	Officer Director	$50,833	$10,047	$60,880
SR JOHN MARY FLEMING	DIRECTOR	5.00	Director	$0	$0	$0
MARY MITHUN	DIRECTOR	5.00	Director	$0	$0	$0
JAMES WEHMANN	DIRECTOR	5.00	Director	$0	$0	$0
DAVID FREY	DIRECTOR	5.00	Director	$0	$0	$0
AMY HOEFT	DIRECTOR	5.00	Director	$0	$0	$0
FATHER LUKE MARQUARD	DIRECTOR	5.00	Director	$0	$0	$0
PATRICK ALEXANDER	DIRECTOR	5.00	Director	$0	$0	$0
DR TODD FLANDERS	HEADMASTER	40.00	Officer	$326,131	$24,936	$351,067
GLADYS ESTOISTA	DIRECTOR OF BUSINESS OFFIC	40.00	Officer	$111,138	$11,960	$123,098

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	No data	No data	No data	No data
2024	$30,848,010	$23,445,497	$109,917,899	$7,402,513
2023	$27,293,901	$21,655,044	$102,133,114	$5,638,857
2022	$20,834,506	$20,131,293	$95,103,386	$703,213
2021	$20,728,771	$18,208,732	$95,189,040	$2,520,039
2020	$18,450,860	$17,605,912	$90,830,285	$844,948
2019	$17,816,746	$17,634,145	$89,423,777	$182,601
2018	$19,475,408	$16,735,578	$89,643,899	$2,739,830

PROVIDENCE ACADEMY