Providence Preparatory Academy (EIN 461213069) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

BRIAN TRIPLETT

Phone

9107420712

Tax Period

2024-06-01 to 2025-05-31

Providence Preparatory Academy, founded in 2013, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $321K, a strong 25% operating margin.

Mission

Providence Preparatory Academy, Inc. exists to glorify God by partnering with parents, pointing students to Christ and providing a classical Christian education.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $148,962

Program Service Revenue $849,785

Investment Income $700

Other Revenue $285,051

TOTAL REVENUE $1,284,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $682,449

Fundraising Expenses $36,578

Program Expenses $720,513

Other Expenses $281,459

TOTAL EXPENSES $963,908

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,284,498	$948,377	+0.4%
Expenses	$963,908	$869,641	+0.1%
Net Income	$320,590	$78,736	+3.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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
Niels Jorgensen	Director	5.00	Director	$0	$0	$0
Brian Triplett	Chairman	5.00	Officer	$0	$0	$0
Trevor Love	Vice Chairman	5.00	Officer	$0	$0	$0
Tucker Polston	Treasurer	5.00	Officer	$0	$0	$0
Kristen Triplett	Secretary	5.00	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
2025	$1,284,498	$963,908	$1,234,307	$320,590
2024	$948,377	$869,641	$1,371,973	$78,736
2023	$758,108	$734,047	$912,250	$24,061
2022	$888,967	$660,080	$884,708	$228,887
2021	$493,754	$408,954	$182,330	$84,800
2019	$357,979	$353,439	$65,175	$4,540
2018	$300,389	$291,019	$62,753	$9,370

Providence Preparatory Academy