PROVIDENCE HYBRID ACADEMY (EIN 814960445) - 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

MATTHEW COLFLESH

Phone

5853226332

Tax Period

2024-07-01 to 2025-06-30

PROVIDENCE HYBRID ACADEMY, founded in 2016, is a small nonprofit in the Education sector that reported $644K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $570K left a modest 12% surplus.

Mission

OFFERS ACADEMIC AND SOCIAL DEVELOPMENT CLASSES TO KIDS WHO ARE HOMESCHOOLED.

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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 $40,513

Program Service Revenue $567,960

Investment Income $7,200

Other Revenue $28,453

TOTAL REVENUE $644,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $420,283

Fundraising Expenses $22,144

Program Expenses $486,219

Other Expenses $149,682

TOTAL EXPENSES $569,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$644,126	$441,556	+0.5%
Expenses	$569,965	$353,627	+0.6%
Net Income	$74,161	$87,929	-0.2%

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

115

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW COLFLESH	PRESIDENT	2.00	Officer Director	$0	$0	$0
RACHELLE HIPPEN	SECRETARY	2.00	Officer Director	$0	$0	$0
HUNTER PRICE	BOARD MEMBER	2.00	Director	$0	$0	$0
MATTHEW REEVES	BOARD MEMBER	2.00	Director	$0	$0	$0
REBECCA RICHENDOLLAR	TREASURER	2.00	Officer Director	$0	$0	$0
JOE YANNUZZI	BOARD MEMBER	2.00	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
2025	$644,126	$569,965	$226,828	$74,161
2024	$441,556	$353,627	$155,296	$87,929
2023	$301,679	$296,580	$61,850	$5,099
2022	$250,164	$216,951	$54,017	$33,213

PROVIDENCE HYBRID ACADEMY