PUTNAM ACADEMY OF ARTS AND SCIENCES INC

EIN: 451079996 501(c)(3) Education

PALATKA, FL

Total Revenue
$1,871,191
Total Expenses
$2,024,807
Total Assets
$1,726,601
Net Assets
$487,937
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
FL
Principal Officer
CURTIS ELLIS
Phone
3863264212
Tax Period
2024-07-01 to 2025-06-30

PUTNAM ACADEMY OF ARTS AND SCIENCES INC, founded in 2011, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

PROVIDES CHALLENGING, WELL-ROUNDED EDUCATION IN A SAFE AND SUPPORTIVE ENVIRONMENT. OUR SCHOOL FOSTERS CREATIVE MINDS AND ETHICAL CHARACTER. WE ARE DEDICATED TO THE DEVELOPMENT OF ATTITUDES, SKILLS, KNOWLEDGE, AND REPONSIBILITY.

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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 $1,855,186
Program Service Revenue $16,001
Investment Income $4
Other Revenue $0
TOTAL REVENUE $1,871,191

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,438,323
Fundraising Expenses $2,794
Program Expenses $1,217,460
Other Expenses $586,484
TOTAL EXPENSES $2,024,807

Year-over-Year Comparison

2024 2023 Change
Revenue $1,871,191 $2,206,681 -0.2%
Expenses $2,024,807 $2,030,320 0.0%
Net Income $-153,616 $176,361 -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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
23
Volunteers
3

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
2
$0
Total Directors
12
$150,924
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VIRNSTEIN ELISABETH SECRETARY 5.00
Officer Director
$0 $0 $0
LATTA DIANA MEMBER 5.00
Director
$0 $0 $0
RICKS AMY MEMBER 5.00
Director
$0 $0 $0
ELLIS CURTIS PRINCIPAL 40.00
Director
$150,924 $0 $150,924
HUGHES SHARON MEMBER 5.00
Director
$0 $0 $0
WRIGHT JARVIS CHAIRMAN 5.00
Officer Director
$0 $0 $0
MOTL LINDSEY MEMBER 5.00
Director
$0 $0 $0
BROWNING JAY MEMBER 5.00
Director
$0 $0 $0
DAVIS SHIRLEY MEMBER 5.00
Director
$0 $0 $0
WARWICK JULIA MEMBER 5.00
Director
$0 $0 $0
MURPH GINNY PARENT LIAISON 5.00
Director
$0 $0 $0
JONES YVETTE MEMBER 5.00
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
2025 $1,871,191 $2,024,807 $1,726,601 $-153,616
2024 $2,206,681 $2,030,320 $1,894,467 $176,361
2023 $2,012,978 $2,168,807 $1,741,001 $-155,829
2022 $3,201,235 $3,264,538 $1,881,620 $-63,303
2021 $2,140,996 $2,255,420 $1,923,167 $-114,424
2020 $1,777,610 $1,522,393 $1,409,173 $255,217
2019 $1,511,096 $1,378,625 $1,145,245 $132,471
2018 $1,338,899 $1,244,043 $1,040,876 $94,856
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