Precious Gems Academy INC (EIN 842031980) - 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

2019

Legal Domicile

Phone

9082370500

Tax Period

2024-01-01 to 2024-12-31

Precious Gems Academy INC, founded in 2019, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

We are a child care center that provides affordable but quality child care to low to moderate income families

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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 $50,323

Program Service Revenue $774,770

Investment Income $0

Other Revenue $283,535

TOTAL REVENUE $1,108,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $951,530

Fundraising Expenses $0

Program Expenses $1,292,483

Other Expenses $310,099

TOTAL EXPENSES $1,261,629

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,108,628	$854,098	+0.3%
Expenses	$1,261,629	$1,048,968	+0.2%
Net Income	$-153,001	$-194,870	-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

N/A

Independent Members

N/A

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	Role	Reportable Comp	Other Comp	Total
KAREN COLAVITO	Director	Director	$0	$0	$0
RAQUEL GONZALEZ	Treasurer	Director	$0	$0	$0
MARK MASTROLIA	President	Director	$0	$0	$0
BRETT COLAVITO	Vice President	Director	$0	$0	$0
KIM GRANDE	Secretary	Director	$0	$0	$0
BROOKE LABADIE	Treasurer	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
2024	$1,108,628	$1,261,629	$842,796	$-153,001
2023	$854,098	$1,048,968	$4,932	$-194,870
2022	$947,041	$1,053,975	$19,079	$-106,934
2021	$600,514	$645,497	$26,552	$-44,983
2020	$470,183	$548,833	$113,598	$-78,650

Precious Gems Academy INC