PROVIDENCE CHRISTIAN ACADEMY

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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

2021

Legal Domicile

Principal Officer

LISA HAMMARSTROM

Phone

7692338813

Tax Period

2023-07-01 to 2024-06-30

PROVIDENCE CHRISTIAN ACADEMY, founded in 2021, is a small nonprofit in the Education sector that reported $653K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

PROVIDENCE CHRISTIAN ACADEMY EXISTS TO PARTNER WITH PARENTS OF STUDENTS WITH DIFFERENT CAPABILITIES TO PROVIDE A CHRIST-CENTERED EDUCATION FOUNDED ON THE BIBLE. WE ENDEAVOR TO ENCOURAGE SPIRITUAL DEVELOPMENT AND PROVIDE THE NECESSARY TOOLS TO EMPOWER THE STUDENTS TO ACHIEVE INDIVIDUAL ACADEMIC GOALS, BECOME PRODUCTIVE CITIZENS OF SOCIETY, AND GROW IN THEIR KNOWLEDGE OF JESUS CHRIST.

Program Service Accomplishments

Program 1

Expenses: $469,287 Revenue: $551,210

EDUCATIONAL PROGRAM: DURING THE 2023-2024 SCHOOL YEAR, 75 STUDENTS WERE ENROLLED AT PROVIDENCE CHRISTIAN ACADEMY (PCA). THESE STUDENTS WERE OF VARYING ABILITY LEVELS AND EDUCATIONAL NEEDS. PCA OFFERS PROGRESSIVE EDUCATION BASED ON THE BEST PRACTICES IN EDUCATION, WHILE STILL ALLOWING EACH STUDENT TO REACH THEIR OWN INDIVIDUAL GOALS THAT ARE BASED ON THE NEEDS OF THAT STUDENT. PCA GRADUATED 5 SENIORS THAT HAVE GONE ON TO ENTER COMMUNITY COLLEGES. AT THE END OF THE 2023-2024 SCHOOL YEAR, PCA MOVED TO A NEW LOCATION TO ALLOW FOR A MORE DIVERSE PROGRAM, TO INCREASE STABILITY AND TO PROVIDE ROOM FOR GROWTH.

Program 2

Expenses: $102,798 Revenue: $12,880

DYSLEXIA PROGRAM: DURING THE 2023-2024 SCHOOL YEAR, PROVIDENCE CHRISTIAN ACADEMY'S DYSLEXIA THERAPY PROGRAM SERVED FIFTEEN 1ST-12TH GRADE STUDENTS WITH DYSLEXIA OR READING-RELATED DISORDERS. SKILLS ADDRESSED IN DYSLEXIA THERAPY INCLUDED: ALPHABET, READING, SPELLING, WRITING, AND LISTENING/READING COMPREHENSION. STUDENTS IN THE DYSLEXIA PROGRAM ARE MONITORED FOR GROWTH USING INFORMAL BENCHMARKS AND FORMAL PRE AND POST ASSESSMENTS.

Program 3

Expenses: $80,854

CAREER PROGRAM: FOR THE 2023-2024 SCHOOL YEAR, ONE SENIOR GRADUATED AND ENTERED THE COMMUNITY IN A WORKING POSITION. IN THE CAREER PROGRAM, THE STUDENTS LEARNED LIFE SKILLS, SUCH AS LAUNDRY, COOKING AND WASHING DISHES, AND CLEANING. THE STUDENTS ALSO HELD MOCK INTERVIEWS AND FILLED OUT APPLICATIONS.

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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 $88,918

Program Service Revenue $562,073

Investment Income $0

Other Revenue $2,017

TOTAL REVENUE $653,008

Expense Breakdown

Grants Paid $18,370

Salaries & Benefits $510,694

Fundraising Expenses $6,149

Program Expenses $652,939

Other Expenses $147,829

TOTAL EXPENSES $676,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$653,008	$924,335	-0.3%
Expenses	$676,893	$839,872	-0.2%
Net Income	$-23,885	$84,463	-1.3%

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

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
BRANDI DAUSMAN	CHAIR	2.00	Officer Director	$0	$0	$0
LISA HAMMARSTROM	TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT FORTENBERRY	FORMER SECRETARY	2.00	Officer Director	$0	$0	$0
STEPHEN WHITE	SECRETARY	2.00	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	$653,008	$676,893	$100,300	$-23,885
2023	$924,335	$839,872	$119,993	$84,463
2022	$636,596	$629,864	$51,599	$6,732