PACE PREPARATORY ACADEMY INC (EIN 860989368) - 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

2000

Legal Domicile

Principal Officer

WILLIAM SAKELARIOS

Phone

9283015484

Tax Period

2024-07-01 to 2025-06-30

PACE PREPARATORY ACADEMY INC, founded in 2000, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $608K, a strong 29% operating margin.

Mission

PACE ACADEMY'S MISSION IS TO PROVIDE A SAFE ENVIRONMENT WHERE ALL STUDENTS CAN ACQUIRE AN ALTERNATIVE, FOCUSED, INDIVIDUALIZED EDUCATIONAL PROGRAM DESIGNED TO ENABLE THEM TO EARN AND RECOVER CREDIT IN ORDER TO GRADUATE AND BECOME SELF-MOTIVATED ADN COMPETENT ADULTS WHO ARE PREPARED FOR A CAREER OR COLLEGE.

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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 $2,115,974

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,115,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $666,031

Fundraising Expenses $0

Program Expenses $979,315

Other Expenses $841,549

TOTAL EXPENSES $1,507,580

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,115,974	$1,695,646	+0.2%
Expenses	$1,507,580	$1,367,267	+0.1%
Net Income	$608,394	$328,379	+0.9%

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

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
CANDICE CHAPMAN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
WILLIAM SAKELARIOS	PRESIDENT/DI	N/A	Officer Director	$0	$0	$0
PEGGY SARKISIAN	SECRETARY	N/A	Officer	$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	$2,115,974	$1,507,580	$2,451,203	$608,394
2023	$1,439,940	$1,325,947	$1,758,915	$113,993
2022	$1,244,338	$1,333,171	$1,853,760	$-88,833
2021	$1,353,437	$1,315,491	$1,865,161	$37,946
2020	$1,177,174	$965,165	$1,882,057	$212,009
2019	$881,440	$971,960	$1,812,963	$-90,520
2018	$977,550	$928,405	$1,784,961	$49,145

PACE PREPARATORY ACADEMY INC