PROVIDENCE CLASSICAL SCHOOL (EIN 473908276) - 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

2015

Legal Domicile

Principal Officer

Adrian Swain

Phone

8039009582

Tax Period

2023-07-01 to 2024-06-30

PROVIDENCE CLASSICAL SCHOOL, founded in 2015, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

Providing K-12 religiously-based education through formal teachers and instruction

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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 (2023)

Revenue Breakdown

Contributions & Grants $125,406

Program Service Revenue $1,894,717

Investment Income $39,162

Other Revenue $0

TOTAL REVENUE $2,059,285

Expense Breakdown

Grants Paid $10,132

Salaries & Benefits $1,461,297

Fundraising Expenses $0

Program Expenses $2,254,813

Other Expenses $816,588

TOTAL EXPENSES $2,288,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,059,285	$1,746,685	+0.2%
Expenses	$2,288,017	$1,460,572	+0.6%
Net Income	$-228,732	$286,113	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Randy Heinzl	Chairman	3	Director	$0	$0	$0
Keith Roberson	Secretary	2	Director	$0	$0	$0
Brandon Hall	Treasurer	2	Director	$0	$0	$0
John Richmond	Board Member	2	Director	$0	$0	$0
Jamie Reidy	Board Member	2	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	$2,059,285	$2,288,017	$2,014,497	$-228,732
2023	$1,746,685	$1,460,572	$2,163,748	$286,113
2022	$1,288,504	$1,025,228	$1,895,007	$263,276
2021	$924,558	$629,120	$1,373,177	$295,438

PROVIDENCE CLASSICAL SCHOOL