PROVIDENCE EDUCATIONAL FOUNDATION (EIN 721277749) - 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

1995

Legal Domicile

Principal Officer

BRETT ALLEN

Phone

5048168577

Tax Period

2024-08-01 to 2025-07-31

PROVIDENCE EDUCATIONAL FOUNDATION, founded in 1995, is a community nonprofit in the Religion sector that reported $1.7M in total revenue in fiscal year 2024. Net assets of $7.8M represent 55 months of operating reserves.

Mission

TO PROVIDE CHRISTIAN BROADCASTING IN THE NEW ORLEANS METROPLEX, TO SERVE THE COMMUNITY BY PROCLAIMING CHRIST AND TO PROVIDE HOUSING FOR THE NEW ORLEANS BAPTIST THEOLOGICAL SEMINARY'S MISSION LAB PROGRAM, STUDENTS AND GUESTS.

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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 $561,500

Program Service Revenue $777,183

Investment Income $360,653

Other Revenue $0

TOTAL REVENUE $1,699,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,682,437

Other Expenses $1,707,108

TOTAL EXPENSES $1,707,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,699,336	$1,626,668	+0.0%
Expenses	$1,707,108	$1,535,519	+0.1%
Net Income	$-7,772	$91,149	-1.1%

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

N/A

Volunteers

2500

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
JIM DAVISON	PRESIDENT	0.50	Officer Director	$0	$0	$0
DUDLEY MAY	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
CLAY CORVIN	SECRETARY	0.50	Officer Director	$0	$0	$0
BRETT ALLEN	TREASURER	0.50	Officer Director	$0	$0	$0
JAMES E DAVISON	BOARD MEMBER	0.30	Director	$0	$0	$0
DR JAMIE DEW	BOARD MEMBER	0.30	Director	$0	$0	$0
PHIL HANBERRY	BOARD MEMBER	0.30	Director	$0	$0	$0
KRISTY HATSFELT	BOARD MEMBER	0.30	Director	$0	$0	$0
JOHN GREENBANK	BOARD MEMBER	0.30	Director	$0	$0	$0
MACK GRUBBS	BOARD MEMBER	0.30	Director	$0	$0	$0
JOHNNY JERNIGAN	BOARD MEMBER	0.30	Director	$0	$0	$0
DR LARRY LYON	BOARD MEMBER	0.30	Director	$0	$0	$0
DR NELSON PRICE	BOARD MEMBER	0.30	Director	$0	$0	$0
DR NANCY VICTORY	BOARD MEMBER	0.30	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	$1,699,336	$1,707,108	$8,665,948	$-7,772
2024	$1,626,668	$1,535,519	$8,728,209	$91,149
2023	$1,478,150	$1,499,473	$8,390,471	$-21,323
2022	$1,490,690	$1,464,972	$8,597,784	$25,718
2021	$1,574,501	$1,388,701	$8,542,326	$185,800
2020	$1,454,415	$1,401,072	$8,338,236	$53,343
2019	$1,373,301	$1,322,205	$8,198,987	$51,096

PROVIDENCE EDUCATIONAL FOUNDATION