PROUD ACADEMY INC

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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

PATRICIA NICOLARI

Phone

2039017447

Tax Period

2024-07-01 to 2025-06-30

PROUD ACADEMY INC, founded in 2021, is a small nonprofit in the Education sector that reported $282K in total revenue in fiscal year 2024. Revenue surged 2070% from the prior year, signaling strong growth momentum. The organization ran a surplus of $168K, a strong 60% operating margin.

Mission

PROUD ACADEMY'S MISSION IS TO EDUCATE AND EMPOWER LGBTQ+ STUDENTS AND THEIR PEERS TO THRIVE AS EVOLVING LEARNERS AND AS THEIR MOST AUTHENTIC SELVES WITHIN A SAFE, AFFIRMING AND STUDENT-CENTERED LEARNING COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $94,894

PROUD ACADEMY IS WORKING TO OPEN/OPERATE A TUITION-FREE PUBLIC CHARTER SCHOOL FOR ALL STUDENTS, PROVIDING A SAFE/AFFIRMING LEARNING ENVIRONMENT FOR LGBTQ+ & BIPOC AND PEERS TO THRIVE ACADEMICALLY...

PROUD ACADEMY IS WORKING TO OPEN/OPERATE A TUITION-FREE PUBLIC CHARTER SCHOOL FOR ALL STUDENTS, PROVIDING A SAFE/AFFIRMING LEARNING ENVIRONMENT FOR LGBTQ+ & BIPOC AND PEERS TO THRIVE ACADEMICALLY, SOCIALLY AND EMOTIONALLY.

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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 $281,605

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $281,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,894

Other Expenses $113,629

TOTAL EXPENSES $113,629

Year-over-Year Comparison

	2024	2023	Change
Revenue	$281,622	$12,975	+20.7%
Expenses	$113,629	$24,991	+3.5%
Net Income	$167,993	$-12,016	-15.0%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT RADER	CHAIR	1.00	Officer Director	$0	$0	$0
TISHA MARKETTE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CATHIE HILLIAN	SECRETARY	1.00	Officer Director	$0	$0	$0
TAMEKA GRANT MACK	TREASURER	1.00	Officer Director	$0	$0	$0
DUSTY RADER	DIRECTOR	1.00	Director	$0	$0	$0
MARIA KOKIASMENOS	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE SELMANIE	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN ADAMOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA NICOLARI	EX OFFICIO	40.00	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	$281,622	$113,629	$231,671	$167,993