PLA UNIVERSITY INC (EIN 880818946) - 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

2022

Legal Domicile

Principal Officer

EARL M PHALEN

Phone

3179893314

Tax Period

2022-09-09 to 2023-06-30

PLA UNIVERSITY INC, founded in 2022, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2022. Expenses of $1.7M exceeded revenue, resulting in a 32% operating deficit.

Mission

PLA UNIVERSITY PROVIDES PROFESSIONAL CAREER WORKSHOPS, OCCUPATIONAL SKILLS TRAINING, JOB PLACEMENT ASSISTANCE, AND ONE YEAR OF JOB COACHING AND MENTORSHIP ONCE STUDENTS ARE PLACED IN A JOB. PLA UNIVERSITY STAFF RECRUIT STUDENTS FOR ENROLLMENT IN THE PROGRAM, IDENTIFY PROSPECTIVE COMMUNITY PARTNERS, PROVIDE IN-PERSON TRAINING WORKSHOPS TO ASSIST RECENT HIGH SCHOOL GRADUATES AND ADULTS IN GAINING SKILLS, EARNING INDUSTRY-RECOGNIZED CREDENTIALS, AND SECURING HIGH-DEMAND CAREERS IN LIFE SCIENCES, MANUFACTURING, INFORMATION TECHNOLOGY, SUPPLY CHAIN AND LOGISTICS, AND ENTREPRENEURSHIP.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,179,088

Program Service Revenue $85,195

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,264,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $521,321

Other Expenses $1,668,393

TOTAL EXPENSES $1,668,393

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,264,283	N/A	N/A
Expenses	$1,668,393	N/A	N/A
Net Income	$-404,110	N/A	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

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

$286,904

Total Directors

$163,696

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EARL M PHALEN	DIRECTOR/CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$10,186	$163,696
MARLIN JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
KRIS KINGERY	DIRECTOR	1.00	Director	$0	$0	$0
JIM PHALEN	DIRECTOR/TREASURER	1.00	Director	$0	$0	$0
DR FERNANDO REIMERS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SWIFT	VICE PRESIDENT	1.00	Officer	$0	$0	$123,208

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	No data	No data	No data	No data
2023	$1,264,283	$1,668,393	$44,345	$-404,110

PLA UNIVERSITY INC