PORTER ACADEMY INC (EIN 582535449) - 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

2000

Legal Domicile

Principal Officer

LYNN SCHOENECK

Phone

7705941313

Tax Period

2022-07-01 to 2023-06-30

PORTER ACADEMY INC, founded in 2000, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 7% surplus.

Mission

THE ORGANIZATION EDUCATES CHILDREN WITH LANGUAGE BASED LEARNING DISABILITIES, SENSORY INTEGRATION DISORDERS, AND MILD TO MODERATE LEARNING-STYLE DIFFERENCES WHO HAVE NOT BEEN SUCCESSFUL IN A TRADITIONAL CLASS ROOM SETTING. THE ORGANIZATION ALSO PROVIDES FOR THE EDUCATION OF CHILDREN WITH ATYPICAL LEARNING STYLE DIFFERENCES TO BUILD SELF-CONFIDENCE AND ACQUIRE ACADEMIC AND SOCIAL SKILLS, KNOWLEDGE, MOTIVATION, AND WORK HABITS TO SECCEED ELSEWHERE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $78,206

Program Service Revenue $1,528,377

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,606,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,250,037

Fundraising Expenses $37,524

Program Expenses $1,195,348

Other Expenses $239,438

TOTAL EXPENSES $1,489,475

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,606,583	$1,445,819	+0.1%
Expenses	$1,489,475	$1,168,178	+0.3%
Net Income	$117,108	$277,641	-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

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
TRACY DEPEW	DIRECTOR	N/A	Director	$0	$0	$0
LESLIE MCCLANE	SECRETARY	N/A	Director	$0	$0	$0
BILL PORTER	BOARD PRESID	N/A	Director	$0	$0	$0
CLAUDIA PORTER	FOUNDER, EXE	N/A	Director	$0	$0	$0
BARBARA RAMER	DIRECTOR	N/A	Director	$0	$0	$0
LYNN SCHOENECK	CEO & CFO	N/A	Officer Director	$0	$0	$0
TOM SMITH	TREASURER	N/A	Director	$0	$0	$0
AMY SQUIRES	DIRECTOR	N/A	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,606,583	$1,489,475	$1,524,502	$117,108
2022	$1,445,819	$1,168,178	$1,792,185	$277,641

PORTER ACADEMY INC