PADUA ACADEMY FOUNDATION

EIN: 510355109 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$172,077
Total Expenses
$236,143
Total Assets
$1,533,356
Net Assets
$1,533,356
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
DE
Principal Officer
FATHER VINCENT KUMAR
Phone
3024213739
Tax Period
2024-01-01 to 2024-12-31

PADUA ACADEMY FOUNDATION, founded in 2009, is a small nonprofit in the Education sector that reported $172K in total revenue in fiscal year 2024. Revenue surged 158% from the prior year, signaling strong growth momentum. Expenses of $236K exceeded revenue, resulting in a 37% operating deficit.

Mission

THE FOUNDATION RAISES FUNDS AND MANAGES INVESTMENTS FOR THE BENEFIT OF PADUA ACADEMY FOR SUPPORT OF ITS EDUCATION NEEDS AMD FINANCIAL ASSISTANCE.

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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 $29,892
Program Service Revenue $0
Investment Income $142,185
Other Revenue $0
TOTAL REVENUE $172,077

Expense Breakdown

Grants Paid $212,835
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $236,143
Other Expenses $23,308
TOTAL EXPENSES $236,143

Year-over-Year Comparison

2024 2023 Change
Revenue $172,077 $66,810 +1.6%
Expenses $236,143 $125,090 +0.9%
Net Income $-64,066 $-58,280 +0.1%
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
N/A
Independent Members
N/A
Employees
N/A
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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALFRED GUARALDO DIRECTOR 2.00
Officer Director
$0 $0 $0
FATHER MARK WRIGHTSON PRESIDENT 2.00
Officer
$0 $0 $0
ANTHONY ALBENCE MEMBER 2.00
Officer
$0 $0 $0
ANTHONY FRABIZZIO MEMBER 2.00
Officer
$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 $172,077 $236,143 $1,533,356 $-64,066
2023 $66,810 $125,090 $1,597,422 $-58,280
2022 $111,059 $141,645 $1,655,702 $-30,586
2021 $164,060 $27,996 $1,686,288 $136,064
2020 $540,335 $116,075 $1,550,224 $424,260
2019 $225,384 $126,324 $1,544,040 $99,060
2018 $117,581 $124,685 $1,600,115 $-7,104
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