PRECIOUS STONES ACADEMY INC

EIN: 463383748 501(c)(3) Religion

Houston, TX

Total Revenue
$245,678
Total Expenses
$336,787
Total Assets
$1,087,824
Net Assets
$1,087,824
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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
TX
Principal Officer
LIONEL PARKER Jr 3 Officer
Phone
2814490152
Tax Period
2024-01-01 to 2024-12-31

PRECIOUS STONES ACADEMY INC, founded in 2013, is a small nonprofit in the Religion sector that reported $246K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $337K exceeded revenue, resulting in a 37% operating deficit.

Mission

EMPOWER COMMUNITY BY EDUCATING CHILDREN

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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 $0
Program Service Revenue $238,349
Investment Income $7,329
Other Revenue $0
TOTAL REVENUE $245,678

Expense Breakdown

Grants Paid $0
Salaries & Benefits $231,827
Fundraising Expenses $0
Program Expenses $316,753
Other Expenses $104,960
TOTAL EXPENSES $336,787

Year-over-Year Comparison

2024 2023 Change
Revenue $245,678 $972,713 -0.7%
Expenses $336,787 $455,559 -0.3%
Net Income $-91,109 $517,154 -1.2%
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
3
Independent Members
3
Employees
18
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
3
$113,979
Total Directors
3
$113,979
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANETTA PARKER SECRETARY 40.00
Officer Director Highest
$73,179 $0 $73,179
LIONEL PARKER Jr PRESIDENT 30.00
Officer Director
$40,800 $0 $40,800
CLINT DOUGLAS TREASURER 1.00
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
2024 $245,678 $336,787 $1,087,824 $-91,109
2023 $972,713 $455,559 $1,178,686 $517,154
2022 $779,568 $462,723 $653,281 $316,845
2021 $338,202 $186,590 $275,337 $151,612
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