PROVIDENCE ACADEMY INCORPORATED (EIN 462618464) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

TIM AC REICHERT

Phone

5712529259

Tax Period

2024-07-01 to 2025-06-30

PROVIDENCE ACADEMY, founded in 2013, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2020. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $529K, a strong 16% operating margin.

Mission

THE MISSION OF PROVIDENCE ACADEMY IS "UNCOMPROMISING EXCELLENCE IN EDUCATING AND EQUIPPING STUDENTS WITH TRUTH."

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $340,659

Program Service Revenue $3,451,846

Investment Income $107,144

Other Revenue $91,126

TOTAL REVENUE $3,990,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,756,841

Fundraising Expenses $214,462

Program Expenses $3,381,540

Other Expenses $1,312,098

TOTAL EXPENSES $4,068,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,990,775	$3,746,863	+0.1%
Expenses	$4,068,939	$3,714,087	+0.1%
Net Income	$-78,164	$32,776	-3.4%

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

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

$259,692

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REX STOVER	BOARD PRESIDENT	8.00	Officer Director	$0	$0	$0
KEN FLEMING	DIRECTOR	2.00	Officer Director	$0	$0	$0
TIM REICHERT	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
KATHY REXROAD	BOARD SECRETARY	2.00	Director	$0	$0	$0
NATHAN MYERS	BOARD VICE PRESIDENT	2.00	Director	$0	$0	$0
LUKE ROWLAND	TRUSTEE	2.00	Director	$0	$0	$0
STEVE SEARLES	TRUSTEE	2.00	Director	$0	$0	$0
JANET MARSH HALE	HEAD OF SCHOOL	50.00	Officer	$227,392	$32,300	$259,692

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	$3,990,775	$4,068,939	$3,284,681	$-78,164
2024	$3,746,863	$3,714,087	$4,132,653	$32,776
2023	$4,276,008	$3,775,676	$4,883,738	$500,332
2022	$3,771,146	$3,323,799	$2,578,187	$447,347
2021	$3,269,232	$2,740,286	$2,157,936	$528,946

PROVIDENCE ACADEMY INCORPORATED