PRECIOUS HEARTS ACADEMY (EIN 471215869) - 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

2014

Legal Domicile

Principal Officer

SHARMEL WEERASINGHE

Phone

9093830388

Tax Period

2024-07-01 to 2025-06-30

PRECIOUS HEARTS ACADEMY, founded in 2014, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $2.4M left a modest 8% surplus.

Mission

DEVOTED TO SERVING K-12 STUDENTS WITH EXCEPTIONALITIES AND THEIR FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $57,300

Program Service Revenue $2,568,171

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,625,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,999,771

Fundraising Expenses $0

Program Expenses $2,004,289

Other Expenses $412,683

TOTAL EXPENSES $2,412,454

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,625,471	$2,839,244	-0.1%
Expenses	$2,412,454	$2,295,141	+0.1%
Net Income	$213,017	$544,103	-0.6%

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

$389,910

Total Directors

$389,910

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL E OLSON	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
SHARMEL WEERASINGHE	PRESIDENT	40.00	Officer Director	$175,748	$4,470	$180,218
JEEVAKA WEERASINGHE	EXECUTIVE VICE PRESIDENT	25.00	Officer Director	$116,167	$0	$116,167
CHRISTIAN IORDAN	VICE PRESIDENT, PUBLIC REL	1.00	Officer Director	$0	$0	$0
FRANCESCA KURUPPU	SECRETARY	1.00	Officer Director	$0	$0	$0
SANTHUSH WEERASINGHE	TREASURER	40.00	Officer Director	$93,525	$0	$93,525

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	$2,625,471	$2,412,454	$2,332,265	$213,017
2024	$2,839,244	$2,295,141	$2,173,175	$544,103
2023	$2,113,777	$1,981,371	$1,644,342	$132,406
2022	$1,629,434	$1,526,063	$1,511,936	$103,371
2021	$1,557,126	$1,068,129	$1,417,765	$488,997
2020	$1,382,350	$1,076,768	$1,168,571	$305,582
2019	$1,453,470	$1,013,683	$679,121	$439,787

PRECIOUS HEARTS ACADEMY