PURPOSE BUILT SCHOOLS ATLANTA INC (EIN 811114844) - 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

2016

Legal Domicile

Principal Officer

MICHAEL A DAVIS

Phone

4048026399

Tax Period

2024-07-01 to 2025-06-30

PURPOSE BUILT SCHOOLS ATLANTA INC, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $37.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO OPERATE ONE OR MORE "TURNAROUND" SCHOOLS IN THE ATLANTA PUBLIC SCHOOL SYSTEM, THEREBY PROMOTING EDUCATION, LESSENING THE BURDENS OF GOVERNMENT AND OTHERWISE ADVANCING SUBSTANTIAL EXEMPT PURPOSES.

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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 $37,454,974

Program Service Revenue $0

Investment Income $77,119

Other Revenue $112,146

TOTAL REVENUE $37,644,239

Expense Breakdown

Grants Paid $335,050

Salaries & Benefits $27,877,858

Fundraising Expenses $0

Program Expenses $33,984,930

Other Expenses $8,403,752

TOTAL EXPENSES $36,616,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,644,239	$33,749,147	+0.1%
Expenses	$36,616,660	$33,338,115	+0.1%
Net Income	$1,027,579	$411,032	+1.5%

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

319

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

$897,791

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL LOMAX	BOARD MEMBER	2.00	Director	$0	$0	$0
DR CYNTHIA KUHLMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
GREGORY GIORNELLI	CHAIR	2.00	Director	$0	$0	$0
SEAN BRAZIER	BOARD MEMBER	2.00	Director	$0	$0	$0
CARA FRATTASI	CHIEF OF STAFF	40.00	Officer	$45,250	$9,091	$54,341
DR NIKKITA WARFIELD	CHIEF OF SCHOOLS	40.00	Officer	$204,352	$55,535	$259,887
JONATHAN TUGMAN	CHIEF OPERATING OFFICER	40.00	Officer	$152,330	$30,307	$182,637
MICHAEL A DAVIS	CHIEF EXECUTIVE OFFICER	40.00	Officer	$213,523	$46,874	$260,397
NICHOLE STONE	CHIEF PEOPLE OFFICER	40.00	Officer	$118,750	$21,779	$140,529
CHASHA COLBERT-WILLIAMS	DIR. COMM. ENG. & PARTNERS	40.00	Highest	$142,965	$58,410	$201,375
JOVAN MILES	PRINCIPAL	40.00	Highest	$158,164	$58,875	$217,039
NATASHA HOGAN-MAHAN	PRINCIPAL	40.00	Highest	$170,852	$47,096	$217,948
NIOMI HENRY	PRINCIPAL	40.00	Highest	$151,752	$39,925	$191,677
TIANNA KNIGHT	DIR. OF SPECIAL EDUCATION	40.00	Highest	$146,872	$28,549	$175,421

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	$37,644,239	$36,616,660	$7,548,710	$1,027,579
2024	$33,749,147	$33,338,115	$19,127,570	$411,032
2023	$33,568,878	$31,516,208	$17,758,649	$2,052,670
2022	$34,651,857	$34,723,450	$15,990,097	$-71,593
2021	$34,853,839	$32,192,129	$18,510,649	$2,661,710
2020	$34,615,305	$33,085,285	$16,551,572	$1,530,020
2019	$31,203,697	$33,884,003	$16,357,403	$-2,680,306
2018	$27,424,601	$28,217,160	$17,575,701	$-792,559

PURPOSE BUILT SCHOOLS ATLANTA INC