Promise Academy Inc

EIN: 883588137 501(c)(3)

Caldwell, ID

Total Revenue
$496,803
Total Expenses
$495,905
Total Assets
$322,078
Net Assets
$-3,631
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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
ID
Principal Officer
Scott Curtis
Phone
2088548280
Tax Period
2023-07-01 to 2024-06-30

Promise Academy Inc, founded in 2022, is a small nonprofit that reported $497K in total revenue in fiscal year 2023. Revenue surged 330% from the prior year, signaling strong growth momentum.

Mission

Public Education.

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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 $496,803
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $496,803

Expense Breakdown

Grants Paid $0
Salaries & Benefits $415,187
Fundraising Expenses $0
Program Expenses $364,513
Other Expenses $80,718
TOTAL EXPENSES $495,905

Year-over-Year Comparison

2023 2022 Change
Revenue $496,803 $115,491 +3.3%
Expenses $495,905 $120,020 +3.1%
Net Income $898 $-4,529 -1.2%
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
5
Independent Members
5
Employees
4
Volunteers
10

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
4
$45,431
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paul R Hale Administrator 40.00
Officer
$40,315 $5,116 $45,431
Scott Curtis Chair 1.00
Officer Director
$0 $0 $0
Kim Thomas Treasurer 1.00
Officer Director
$0 $0 $0
Rick Alis Vice Chair/Sec 1.00
Officer Director
$0 $0 $0
Terry Self Member 1.00
Director
$0 $0 $0
Leslie Babbel Member 1.00
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
2025 No data No data No data No data
2024 $496,803 $495,905 $322,078 $898
2023 $115,491 $120,020 $278,353 $-4,529
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