PALM BAY ACADEMY CHARTER SCHOOL (EIN 593519824) - 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

1998

Legal Domicile

Principal Officer

MADHU LONGANI

Tax Period

2024-07-01 to 2025-06-30

PALM BAY ACADEMY CHARTER SCHOOL, founded in 1998, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2024. Expenses of $5.8M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE PRIMARY EDUCATIONAL SERVICES.

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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 $4,750,395

Program Service Revenue $35,608

Investment Income $78,455

Other Revenue $214,768

TOTAL REVENUE $5,079,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,257,441

Fundraising Expenses $0

Program Expenses $5,434,706

Other Expenses $2,579,994

TOTAL EXPENSES $5,837,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,079,226	$5,343,924	0.0%
Expenses	$5,837,435	$5,330,497	+0.1%
Net Income	$-758,209	$13,427	-57.5%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY EL-KHOURI	MEMBER	0.50	Director	$0	$0	$0
LYNETTE FODOR	MEMBER	0.50	Director	$0	$0	$0
JEANNE CUNNINGHAM	SECRETARY	0.50	Officer	$0	$0	$0
BRENDAN PURCELL	BOARD CHAIR	0.50	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
2025	$5,079,226	$5,837,435	$9,956,413	$-758,209
2024	$5,343,924	$5,330,497	$10,923,751	$13,427
2023	$4,126,250	$5,119,217	$11,356,794	$-992,967
2022	$4,416,270	$4,603,873	$12,262,383	$-187,603
2021	$5,123,934	$4,489,170	$12,664,257	$634,764
2020	$4,046,301	$4,771,971	$12,162,103	$-725,670
2019	$4,905,900	$5,238,923	$12,247,759	$-333,023
2018	$4,772,062	$5,542,887	$12,525,963	$-770,825

PALM BAY ACADEMY CHARTER SCHOOL