PAYMENTS ACADEMY INC

EIN: 872449047 501(c)(3) Education

Bloomington, IN

Total Revenue
$231,546
Total Expenses
$153,453
Total Assets
$106,404
Net Assets
$106,404
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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
2022
Legal Domicile
IN
Principal Officer
Ronald E King
Phone
2147703550
Tax Period
2023-01-01 to 2023-12-31

PAYMENTS ACADEMY INC, founded in 2022, is a small nonprofit in the Education sector that reported $232K in total revenue in fiscal year 2023. The organization ran a surplus of $78K, a strong 34% operating margin.

Mission

The Payments Academy exists to provide education to college and university personnel information on their duties that support their institutions' receiving and making payments to manage all aspects of operations. We fulfill that mission with an annual conference, webinars, and the website.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $231,546
Investment Income $0
Other Revenue $0
TOTAL REVENUE $231,546

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $153,453
Other Expenses $153,453
TOTAL EXPENSES $153,453

Year-over-Year Comparison

2023 2022 Change
Revenue $231,546 N/A N/A
Expenses $153,453 N/A N/A
Net Income $78,093 $0 N/A
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

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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
6

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
2
$0
Total Directors
3
$0
Key Employees
2
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ronald King President 10
Officer Director Key Emp
$0 $0 $0
Ruth Harpool Secretary-Treasurer 10
Officer Director Key Emp
$0 $0 $0
Theresa Mimms Board Member 0
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
2023 $231,546 $153,453 $106,404 $78,093
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