MEMPHIS, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROMISE ACADEMY SPRING HILL INC, founded in 2007, is a community nonprofit in the Education sector that reported $6.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.
OUR CENTRAL AND ONLY WORK IS TO TEACH AND INSPIRE THE MIND, BODY AND SPIRIT OF OUR CHILDREN SO THAT THEY CAN SUCCEED IN ANY ACADEMIC OR CULTURAL SETTING. PROMISE ACADEMY IS COMMITTED TO PREPARING CHILDREN TO EXCEL IN THE NATION'S MOST RIGOROUS SCHOOLS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $6,731,688 | $6,143,121 | +0.1% |
| Expenses | $6,665,435 | $6,106,092 | +0.1% |
| Net Income | $66,253 | $37,029 | +0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHARLES C GERBER | PRESIDENT, CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEPHANIE CHITTOM | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DIANA BURTON | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHNNY MOORE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FATHER COLENZO HUBBARD | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| EMILY R WOODSIDE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CANDIS DAWSON | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| EMMA REDDEN | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHERINE WHITE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTHONY BRANCH | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK WASHINGTON | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$175,885 | $0 | $175,885 |
| KIMBRA TURNER | CHIEF OF ACADEMICS | 40.00 |
Officer
|
$128,216 | $0 | $128,216 |
| TOBY FINLEY | PRINCIPAL | 40.00 |
Highest
|
$105,050 | $0 | $105,050 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $6,731,688 | $6,665,435 | $3,221,810 | $66,253 |
| 2024 | $6,143,121 | $6,106,092 | $2,628,338 | $37,029 |
| 2023 | $6,141,045 | $6,047,957 | $2,457,230 | $93,088 |
| 2022 | $6,059,655 | $5,800,673 | $2,943,439 | $258,982 |
| 2021 | $5,000,726 | $4,415,172 | $1,900,909 | $585,554 |
| 2020 | $4,677,678 | $4,412,538 | $1,806,843 | $265,140 |
| 2019 | $4,672,171 | $4,598,678 | $856,829 | $73,493 |
| 2018 | $3,752,712 | $3,613,174 | $836,179 | $139,538 |
Compare PROMISE ACADEMY SPRING HILL INC with other nonprofits in Tennessee and across the country.