Provident Education Foundation (EIN 823721934) - 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

2017

Legal Domicile

Principal Officer

Maria Paluselli

Phone

4129216100

Tax Period

2024-07-01 to 2025-06-30

Provident Education Foundation, founded in 2017, is a small nonprofit in the Education sector that reported $119K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $169K exceeded revenue, resulting in a 42% operating deficit.

Mission

Provident Charter School is designed to specifically address the needs of this neglected population by incorporating targeted, multi-sensory instruction into the curriculum and by providing 25% more instructional hours than the traditional school curriculum for enhanced, individualized remedial instruction.

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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 $109,010

Program Service Revenue $0

Investment Income $10,120

Other Revenue $0

TOTAL REVENUE $119,130

Expense Breakdown

Grants Paid $12,500

Salaries & Benefits $3,835

Fundraising Expenses $0

Program Expenses $169,262

Other Expenses $152,927

TOTAL EXPENSES $169,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$119,130	$215,910	-0.4%
Expenses	$169,262	$123,230	+0.4%
Net Income	$-50,132	$92,680	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Curtis Kossman	President	1.00	Officer Director	$0	$0	$0
Dr Jean Ferketish	Vice President	1.00	Officer Director	$0	$0	$0
Dan Sponseller	Secretary	1.00	Officer Director	$0	$0	$0
Michael Brady	Treasurer	1.00	Officer 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	$119,130	$169,262	$260,297	$-50,132
2024	No data	No data	No data	No data
2023	$265,697	$245,083	$196,119	$20,614

Provident Education Foundation