TUITION ORGANIZATION FOR PRIVATE S… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

HOWARD MACDONALD

Phone

4804148677

Tax Period

2024-07-01 to 2025-06-30

TUITION ORGANIZATION FOR PRIVATE SCHOOLS INC, founded in 2004, is a small nonprofit that reported $860K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 116% operating deficit.

Mission

OPERATE AS A SCHOOL TUITION ORGANIZATION (STO) THAT ACCEPTS DONATIONS FOR TUITION ASSISTANCE AND AWARDS SCHOLARSHIPS TO CHILDREN SO THEY CAN AFFORD TO ATTEND ARIZONA PRIVATE SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $1,738,550

AWARDED SCHOLARSHIPS TO STUDENTS ATTENDING ARIZONA PRIVATE SCHOOLS.

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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 $783,986

Program Service Revenue $0

Investment Income $76,505

Other Revenue $0

TOTAL REVENUE $860,491

Expense Breakdown

Grants Paid $1,738,250

Salaries & Benefits $63,670

Fundraising Expenses $14,782

Program Expenses $1,738,550

Other Expenses $52,745

TOTAL EXPENSES $1,854,665

Year-over-Year Comparison

	2024	2023	Change
Revenue	$860,491	$702,297	+0.2%
Expenses	$1,854,665	$3,441,677	-0.5%
Net Income	$-994,174	$-2,739,380	-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

$43,556

Total Directors

$13,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD MACDONALD	PRESIDENT	2.00	Director	$6,500	$0	$6,500
RICHARD MERCADO	TREASURER	2.00	Director	$6,500	$0	$6,500
HARRY V MILLER DEC'D 092024	EXECUTIVE DI	40.00	Officer	$35,000	$8,556	$43,556

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	$860,491	$1,854,665	No data	$-994,174
2024	$702,297	$3,441,677	$1,139,550	$-2,739,380
2023	$4,061,952	$3,917,665	$3,835,078	$144,287
2022	$4,230,852	$3,793,441	$3,668,374	$437,411
2021	$3,223,685	$2,994,815	$3,251,295	$228,870
2020	$3,162,147	$3,215,159	$3,023,966	$-53,012
2019	$4,763,614	$4,205,855	$3,055,994	$557,759
2018	$2,908,439	$2,981,608	$2,496,131	$-73,169

TUITION ORGANIZATION FOR PRIVATE SCHOOLS INC