Providence Academy (EIN 830795310) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Phone

4403820745

Tax Period

2023-07-01 to 2024-06-30

Providence Academy, founded in 2018, is a small nonprofit in the Education sector that reported $641K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $170K, a strong 27% operating margin.

Mission

CLASSICAL CHRISTIAN SCHOOL ENROLLING STUDENTS IN GRADES K - 8

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $67,196

Program Service Revenue $572,921

Investment Income $0

Other Revenue $1,060

TOTAL REVENUE $641,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $333,234

Fundraising Expenses $20,048

Program Expenses $410,027

Other Expenses $137,864

TOTAL EXPENSES $471,098

Year-over-Year Comparison

	2023	2022	Change
Revenue	$641,177	$451,526	+0.4%
Expenses	$471,098	$439,631	+0.1%
Net Income	$170,079	$11,895	+13.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$45,512

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLEH ZHAKUNETS	HEAD OF SCHOOL	50.00	Officer	$45,512	$0	$45,512
IVAN BILSKIY	CHAIRMAN	3.00	Officer Director	$0	$0	$0
PAUL YAKOVETS	TREASURER	3.00	Officer Director	$0	$0	$0
TARAS BILSKIY	DIRECTOR	3.00	Officer Director	$0	$0	$0
DAVID STARK	DIRECTOR	3.00	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	No data	No data	No data	No data
2024	$641,177	$471,098	$197,230	$170,079
2023	$451,526	$439,631	$30,482	$11,895
2022	$367,514	$388,414	$28,747	$-20,900
2021	$210,273	$207,577	$44,161	$2,696
2020	$119,486	$133,526	$28,933	$-14,040

Providence Academy