Permission To Succeed Education Center (EIN 871781836) - 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

2021

Legal Domicile

Principal Officer

FELICIA RATTRAY

Phone

9543694276

Tax Period

2024-01-01 to 2024-12-31

Permission To Succeed Education Center, founded in 2021, is a small nonprofit in the Youth Development sector that reported $677K in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $649K left a modest 4% surplus.

Mission

PERMISSION TO SUCCEED EDUCATION CENTERS MISSION IS TO PROVIDE A PLATFORM WHERE ALL STUDENTS CAN LEARN AT THEIR OWN PACE, ON THEIR TRUE GRADE LEVEL, RECEIVE A QUALITY EDUCATION WITH ONE-TO-ONE INSTRUCTIONS; HAVE THE BENEFITS OF AN ACADEMIC COACH, GAIN FINANCIAL LITERACY AND ENTRE

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $677,269

Investment Income $0

Other Revenue $0

TOTAL REVENUE $677,269

Expense Breakdown

Grants Paid $203

Salaries & Benefits $360,359

Fundraising Expenses $0

Program Expenses $494,996

Other Expenses $288,522

TOTAL EXPENSES $649,084

Year-over-Year Comparison

	2024	2023	Change
Revenue	$677,269	$393,499	+0.7%
Expenses	$649,084	$349,916	+0.9%
Net Income	$28,185	$43,583	-0.4%

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

$148,511

Total Directors

$148,511

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Felicia Rattray	President	40.00	Officer Director	$130,961	$0	$130,961
Jasmine Brown	Secretary	10.00	Officer Director	$17,550	$0	$17,550
Alexis Rattray	Treasurer	5.00	Officer Director	$0	$0	$0
Laurel Suarez	Director	5.00	Director	$0	$0	$0
Dr Tony Lamair Burks	Director	5.00	Director	$0	$0	$0
Leilani Cauthens	Director	5.00	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
2024	$677,269	$649,084	$128,689	$28,185
2023	$393,499	$349,916	$69,961	$43,583

Permission To Succeed Education Center