Cleveland, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Promise Academy, founded in 2005, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 7% surplus.
Promise Academy recognizes that all students have the right to and deserve an education that prepares them for post-secondary success of their choosing. We educate and graduate students who have not been successful in traditional high school and have dropped out or are at risk of dropping out. We do this through flexible and individualized learning experiences supported by meaningful relationships with caring adults who are constantly learning from students and exemplifying high engagement learning for students.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,656,032 | $1,706,003 | 0.0% |
| Expenses | $1,545,923 | $1,716,422 | -0.1% |
| Net Income | $110,109 | $-10,419 | -11.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Kristine McDyer Puess | President | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Royce Muskeyvalley | Vice President | 0.30 |
Officer
Director
|
$0 | $0 | $0 |
| Helen Smith | Secretary | 0.30 |
Officer
Director
|
$0 | $0 | $0 |
| Kamlie Beshara | Treasurer | 1.00 |
Officer
|
$0 | $0 | $0 |
| Tonia Dupree | Director | 0.30 |
Director
|
$0 | $0 | $0 |
| Lanee Williams | Director | 0.30 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,656,032 | $1,545,923 | $1,721,237 | $110,109 |
| 2024 | No data | No data | No data | No data |
| 2023 | $1,291,191 | $1,544,624 | $1,135,924 | $-253,433 |
| 2022 | $1,317,874 | $1,723,361 | $1,616,922 | $-405,487 |
| 2021 | $1,485,068 | $1,933,867 | $1,907,031 | $-448,799 |
| 2020 | $1,637,887 | $1,976,295 | $2,186,066 | $-338,408 |
| 2019 | $1,981,970 | $1,839,528 | $1,193,705 | $142,442 |
| 2018 | $2,776,369 | $2,563,010 | $1,709,863 | $213,359 |
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