PREVAILING FAITH CHRISTIAN ACADEMY (EIN 811628821) - 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

2015

Legal Domicile

Principal Officer

CHARLES BROWN

Phone

3182356670

Tax Period

2022-07-01 to 2023-06-30

PREVAILING FAITH CHRISTIAN ACADEMY, founded in 2015, is a small nonprofit in the Education sector that reported $700K in total revenue in fiscal year 2022. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $947K exceeded revenue, resulting in a 35% operating deficit.

Mission

To operate a private school in Monroe, Louisiana to provide a high quality education to elementary age students.

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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 (2022)

Revenue Breakdown

Contributions & Grants $699,336

Program Service Revenue $0

Investment Income $0

Other Revenue $542

TOTAL REVENUE $699,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $527,134

Fundraising Expenses $0

Program Expenses $878,982

Other Expenses $420,244

TOTAL EXPENSES $947,378

Year-over-Year Comparison

	2022	2021	Change
Revenue	$699,878	$558,581	+0.3%
Expenses	$947,378	$642,641	+0.5%
Net Income	$-247,500	$-84,060	+1.9%

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

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

$94,426

Total Directors

$94,426

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES BROWN	President	25.00	Officer Director	$47,213	$0	$47,213
PATSY BROWN	EXECUTIVE VP	25.00	Officer Director	$47,213	$0	$47,213
RICHARD PLEASANT	Secretary	1.00	Officer Director	$0	$0	$0
HERBERT HARRIS	Director	1.00	Director	$0	$0	$0
ERIC MCELORY	Director	1.00	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
2023	$699,878	$947,378	$63,748	$-247,500
2022	$558,581	$642,641	$366,108	$-84,060
2021	$606,409	$624,173	$149,359	$-17,764
2020	$676,756	$766,419	$17,923	$-89,663
2019	$760,685	$757,074	$12,781	$3,611

PREVAILING FAITH CHRISTIAN ACADEMY