PSA EDUCATION INC

EIN: 813540141 501(c)(3)

Putnam, CT

Total Revenue
$5,221,827
Total Expenses
$5,994,494
Total Assets
$6,800,354
Net Assets
$-772,667
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CT
Tax Period
2020-07-01 to 2021-06-30

PSA EDUCATION INC, founded in 2016, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2020. Expenses of $6.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

PSA Education Inc is a non-profit orgazation to provide educational services.It strives to develop young adults, locally and from around the world, who are committed to academic excellence and are engaged citizens.

Program Service Accomplishments

Program 1
Expenses: $5,914,243 Revenue: $5,209,391

Putnam provides programs: English/Language arts program develop students skills in composition and writing and are designed to acquaint students with major cultural and aesthetic movement of American...

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Putnam provides programs: English/Language arts program develop students skills in composition and writing and are designed to acquaint students with major cultural and aesthetic movement of American Literature and British Literature. Mathematic program provides opportunity to realize potential as a critical and logical thinker. Science program supports learning standards in science. World language program emphasizes on international relations and diplomacy. Computer program offers students computer skills, graphics editing web design. Visual and performing arts program is to explore a variety of media, idea and techniques. Music program is to develop interest and skill of various various instruments. Physical education and health program encourage student maintain a health lifestyle. Athletic programs including basketball, soccer, baseball, and E-sports. We won the national championship of prep mens basketball in 2018, 2020, and 2021. Our mens basketball team also won the Power 5 conference last year. Our mens soccer program ranked top 3 in the nation.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $12,370
Program Service Revenue $5,209,391
Investment Income $0
Other Revenue $66
TOTAL REVENUE $5,221,827

Expense Breakdown

Grants Paid $0
Salaries & Benefits $533,576
Fundraising Expenses $0
Program Expenses $5,914,243
Other Expenses $5,460,918
TOTAL EXPENSES $5,994,494

Year-over-Year Comparison

2020 2019 Change
Revenue $5,221,827 N/A N/A
Expenses $5,994,494 N/A N/A
Net Income $-772,667 N/A N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
71
Volunteers
2

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tieqiang Ding Officer 0.00
Officer
$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
2021 $5,221,827 $5,994,494 $6,800,354 $-772,667
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