REID TRADITIONAL SCHOOLS' PAINTED ROCK ACADEMY INC

EIN: 453868417 501(c)(3) Education

PHOENIX, AZ

Total Revenue
$4,103,232
Total Expenses
$4,466,610
Total Assets
$11,160,115
Net Assets
$19,008
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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
2011
Legal Domicile
AZ
Principal Officer
HEIDI MITCHELL
Phone
6234668855
Tax Period
2024-07-01 to 2025-06-30

REID TRADITIONAL SCHOOLS' PAINTED ROCK ACADEMY INC, founded in 2011, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

FOUNDED IN 2012, RTS PAINTED ROCK ACADEMY IS MODELED AFTER THE AWARD- WINNING VALLEY ACADEMY. IN ITS FIRST YEAR OF EXISTENCE, STUDENT ACADEMIC GROWTH WAS IN THE TOP 2% OF THE STATE. THE SCHOOL EARNED AN "A" RATING FROM THE ARIZONA DEPARTMENT OF EDUCATION. THE MISSION OF REID TRADITIONAL SCHOOLS IS TO OFFER BACK-TO-BASICS, TRADITIONAL EDUCATION BY PROVIDING A CHALLENGING, SEQUENTIAL, TEACHER- DIRECTED, STANDARDS-BASED, TEXTBOOK-DRIVEN CURRICULUM SUPPORTED BY INDIVIDUAL ACCOUNTABILITY AND HIGH ACADEMIC AND BEHAVIORAL STANDARDS.

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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 $116,144
Program Service Revenue $3,987,088
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,103,232

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,972,281
Fundraising Expenses $0
Program Expenses $4,132,143
Other Expenses $1,494,329
TOTAL EXPENSES $4,466,610

Year-over-Year Comparison

2024 2023 Change
Revenue $4,103,232 $4,945,067 -0.2%
Expenses $4,466,610 $4,941,818 -0.1%
Net Income $-363,378 $3,249 -112.8%
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
4
Independent Members
4
Employees
108
Volunteers
150

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
5
$257,388
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CUYLER REID SECRETARY 2.00
Officer Director
$0 $0 $0
LETHA WARNER TREASURER 2.00
Officer Director
$0 $0 $0
SAMUEL EFIRD DIRECTOR 2.00
Director
$0 $0 $0
ROBIN HARPER PRINCIPAL 40.00
Officer
$79,119 $0 $79,119
HEIDI MITCHELL CEO N/A
Officer
$0 $0 $178,269
SUSAN CHAN PRESIDENT 2.00
Officer 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 $4,103,232 $4,466,610 $11,160,115 $-363,378
2024 $4,945,067 $4,941,818 $11,893,719 $3,249
2023 $5,038,066 $4,911,313 $12,147,748 $126,753
2022 $5,257,753 $5,141,278 $897,496 $116,475
2021 $5,093,307 $5,052,722 $873,597 $40,585
2020 $5,166,401 $4,992,070 $849,631 $174,331
2019 $4,818,753 $4,619,946 $802,428 $198,807
2018 $4,781,824 $4,679,640 $601,318 $102,184
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