PRIMORIS ACADEMY INC (EIN 460757107) - 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

2013

Legal Domicile

Principal Officer

TONY KIM

Phone

2017221000

Tax Period

2023-01-01 to 2023-12-31

PRIMORIS ACADEMY INC, founded in 2013, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE PROFOUNDLY BRIGHT YOUNG CHILDREN AN ADVANCED EDUCATION OPPORTUNITY MATCHED TO THEIR ABILITIES, STRENGTH, AND INTERESTS. WE STRIVE TO CHALLENGE AND INSPIRE THROUGH COMPELLING ACADEMIC PROGRAMS AND TO INSURE THAT EACH CHILD REACHES HIS/HER FULL POTENTIAL.

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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 $2,850

Program Service Revenue $2,376,718

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,379,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,707,534

Fundraising Expenses $0

Program Expenses $2,319,939

Other Expenses $612,405

TOTAL EXPENSES $2,319,939

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,379,568	$2,137,457	+0.1%
Expenses	$2,319,939	$1,952,450	+0.2%
Net Income	$59,629	$185,007	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE KIM	PRESIDENT	N/A	Officer	$0	$0	$0
TONY KIM	TRUSTEES	N/A	Officer	$0	$0	$0
ALEXANDER RA	TRUSTEES	N/A	Officer	$0	$0	$0
ASAF WACHTEL	TRUSTEES	N/A	Officer	$0	$0	$0
ORNA WACHTEL	TRUSTEES	N/A	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	No data	No data	No data	No data
2023	$2,379,568	$2,319,939	$856,459	$59,629
2022	$2,137,457	$1,952,450	$796,830	$185,007
2021	$1,821,057	$1,715,708	$611,823	$105,349
2020	$1,448,323	$1,415,516	$335,466	$32,807
2019	$1,524,861	$1,458,153	$200,175	$66,708
2018	$1,284,465	$1,291,768	$82,618	$-7,303

PRIMORIS ACADEMY INC