PRECIOUS PROMISE ACADEMY INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

Thomas Manning

Phone

9547311616

Tax Period

2024-01-01 to 2024-12-31

PRECIOUS PROMISE ACADEMY INC, founded in 1988, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2024. Expenses of $3.1M left a modest 3% surplus.

Mission

Dedicated to the mental, physical and social development of children. We provide preschool programs that challenge and encourage children to achieve their fullest potential. We consider it our responsibility to help parents raise their children to be happy, adjusted individuals. We offer a Christian philosophy of education and a Christian environment for growth. The ABEKA curriculum are used to keep learning interesting as well as fun.

Program Service Accomplishments

Program 1

Expenses: $159,999 Revenue: $0

School program as described in Part III #1: Curriculum/Teacher Supplies: $60,529 Events/Programs: $91,896 Uniforms: $7,574

Program 2

Expenses: $8,466 Revenue: $0

Summer Program: We offer convenience for today's working parents while providing a Christ-centered environment. Each week during summer months is theme and we offer a plethora of indoor and outdoor activities like animal exhibits, planetarium, bounce houses and more. We also provide lunch to the students on Fridays. Our goal is to enrich the lives of our students and their families by offering a safe and fun environment throughout the summer months.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,090,688

Investment Income $73,787

Other Revenue $0

TOTAL REVENUE $3,164,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,832,481

Fundraising Expenses $0

Program Expenses $168,465

Other Expenses $1,227,370

TOTAL EXPENSES $3,059,851

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,164,475	$3,038,993	+0.0%
Expenses	$3,059,851	$2,586,610	+0.2%
Net Income	$104,624	$452,383	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

117

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

$49,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Desiree Coury	Director	40	Director	$49,800	$0	$49,800
Thomas Manning	President	2	Director	$0	$0	$0
Anthony Newbold	Treasurer	2	Director	$0	$0	$0
Sherwin Riley	Corporate Secretary	2	Director	$0	$0	$0
Hugh Nelson	Member	2	Officer	$0	$0	$0
Candace Manning	Member	2	Officer	$0	$0	$0
Danielle Reyes	Member	2	Officer	$0	$0	$0
Elizabeth Badri-Rampersad	Member	2	Officer	$0	$0	$0
Roland Cooper	Member	2	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	No data	No data	No data	No data
2024	$3,164,475	$3,059,851	$2,674,986	$104,624
2023	$3,038,993	$2,586,610	$2,623,117	$452,383
2022	$2,396,901	$2,112,611	$2,274,837	$284,290
2021	$2,000,943	$1,451,459	$2,017,815	$549,484