PATRICK HENRY ACADEMY INC (EIN 570473017) - 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

1986

Legal Domicile

Phone

8036252440

Tax Period

2024-06-01 to 2025-05-31

PATRICK HENRY ACADEMY INC, founded in 1986, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 15% surplus.

Mission

PATRICK HENRY ACADEMY, INC. IS A COLLEGE PREPARATORY SCHOOL WHICH PROVIDES A SAFE, FAMILY-ORIENTED ATMOSPHERE WHILE GUIDING STUDENTS TO BE CONTRIBUTING MEMBERS OF SOCIETY.

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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 $48,700

Program Service Revenue $1,913,816

Investment Income $42,269

Other Revenue $43,535

TOTAL REVENUE $2,048,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,123,848

Fundraising Expenses $7,510

Program Expenses $1,538,410

Other Expenses $623,888

TOTAL EXPENSES $1,747,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,048,320	$1,788,008	+0.1%
Expenses	$1,747,736	$1,720,700	+0.0%
Net Income	$300,584	$67,308	+3.5%

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
BONNIE WILSON	DIRECTOR OF ADMINISTRATION	40.00		$63,000	$0	$63,000
RUSSELL BULLARD	Vice President	4.00	Director	$0	$0	$0
KEVIN BRADDOCK	Director	2.00	Director	$0	$0	$0
PAM MOORE	Director	2.00	Director	$0	$0	$0
NASH ELLIOTT	President	4.00	Director	$0	$0	$0
BOBBY KELZ	Director	2.00	Director	$0	$0	$0
CHAD WESTENDORF	Director	2.00	Director	$0	$0	$0
KELLY WALL	Director	2.00	Director	$0	$0	$0
JEFF WOOTEN	Director	2.00	Director	$0	$0	$0
BAIN VAUGHN	Director	2.00	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
2025	$2,048,320	$1,747,736	$3,209,628	$300,584
2024	$1,788,008	$1,720,700	$2,888,592	$67,308
2023	$1,941,095	$1,908,697	$2,810,105	$32,398
2022	$1,602,442	$1,510,482	$2,776,580	$91,960
2021	$1,878,528	$1,616,539	$2,643,341	$261,989
2020	$1,521,207	$1,165,076	$2,532,065	$356,131
2019	$1,065,322	$1,107,648	$2,042,458	$-42,326
2018	$1,640,128	$1,150,781	$2,079,959	$489,347

PATRICK HENRY ACADEMY INC