PHOENIX EDUCATION NETWORK INC DBA NAPLES CLASSICAL ACADEMY (EIN 842776904) - 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

Principal Officer

MATTHEW MATHIAS

Phone

2394498773

Tax Period

2023-07-01 to 2024-06-30

PHOENIX EDUCATION NETWORK INC DBA NAPLES CLASSICAL ACADEMY, founded in 2019, is a mid-sized nonprofit in the Education sector that reported $13.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $12.6M left a modest 5% surplus.

Mission

TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A CONTENT-RICH CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,843,883

Program Service Revenue $417,990

Investment Income $43,573

Other Revenue $0

TOTAL REVENUE $13,305,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,542,113

Fundraising Expenses $25,000

Program Expenses $11,158,271

Other Expenses $6,078,101

TOTAL EXPENSES $12,645,214

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,305,446	$12,040,262	+0.1%
Expenses	$12,645,214	$12,122,811	+0.0%
Net Income	$660,232	$-82,549	-9.0%

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

160

Volunteers

313

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
DERRICK AYERS	VICE-CHAIRMAN	1.00	Director	$0	$0	$0
GREG WESTON	DIRECTOR	1.00	Director	$0	$0	$0
KERRY EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
MARK RUSSO	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW MATHIAS	CHAIRMAN	1.00	Director	$0	$0	$0
TIMOTHY HALL	TREASURER	1.00	Director	$0	$0	$0
WILLIAM TRUOG	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$13,305,446	$12,645,214	$24,092,298	$660,232
2023	$12,040,262	$12,122,811	$23,992,768	$-82,549
2022	$10,447,056	$11,571,902	$24,220,134	$-1,124,846
2021	$82,961	$765,401	$24,751,183	$-682,440

PHOENIX EDUCATION NETWORK INC DBA NAPLES CLASSICAL ACADEMY