Patriots Inc (EIN 522044708) - 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

1997

Legal Domicile

Principal Officer

Thurman Jones

Phone

3019259350

Tax Period

2024-01-01 to 2024-12-31

Patriots Inc, founded in 1997, is a small nonprofit in the Education sector that reported $223K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $260K exceeded revenue, resulting in a 17% operating deficit.

Mission

Prepare students for careers in science technology engineering and mathematics

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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 $0

Program Service Revenue $223,146

Investment Income $0

Other Revenue $0

TOTAL REVENUE $223,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $238,236

Other Expenses $260,174

TOTAL EXPENSES $260,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,146	$202,566	+0.1%
Expenses	$260,174	$230,665	+0.1%
Net Income	$-37,028	$-28,099	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
THURMAN JONES	Executive Director	Officer Director	$0	$0	$0
WILLIAM COOPER	Chair	Officer Director	$0	$0	$0
MELISSA BOSTON	Member	Director	$0	$0	$0
RICHARD COOPER	Member	Director	$0	$0	$0
MAURICE EDWARDS	Member	Director	$0	$0	$0
CALVIN HANEY	Member	Director	$0	$0	$0
JOE JENKINS	Member	Director	$0	$0	$0
SOPHIA MORRIS	Member	Director	$0	$0	$0
VERONICA NELSON	Member	Director	$0	$0	$0
REGGIE SMITH	Treasurer	Officer Director	$0	$0	$0
VALERIE UTSEY	Member	Director	$0	$0	$0
ANDREA WILLIAMSON	Member	Director	$0	$0	$0
JUSTIN GRAVES	Member	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	$223,146	$260,174	$3,065	$-37,028
2023	$202,566	$230,665	$23,134	$-28,099
2022	$266,216	$225,216	$49,004	$41,000
2021	$191,547	$147,771	$21,294	$43,776
2020	$160,326	$234,033	$69,990	$-73,707
2019	$348,681	$344,086	$37,031	$4,595
2018	$217,665	$212,977	$107,800	$4,688

Patriots Inc