PHOENIX ACADEMY (EIN 900080788) - 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

2003

Legal Domicile

Principal Officer

PATRICIA ZELEI

Phone

4197204500

Tax Period

2017-07-01 to 2018-06-30

PHOENIX ACADEMY, founded in 2003, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2017. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.2M exceeded revenue, resulting in a 41% operating deficit.

Mission

TO ENABLE AT-RISK STUDENTS IN THE NORTHWEST OHIO AREA TO COMPLETE THE REQUIREMENTS FOR A HIGH SCHOOL DIPLOMA. THE ACADEMY WILL COMBINE COMMUNITY BASED SERVICES WITH FLEXIBLE ACADEMIC PROGRAM.

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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 (2017)

Revenue Breakdown

Contributions & Grants $1,381,519

Program Service Revenue $7,450

Investment Income $11,213

Other Revenue $139,235

TOTAL REVENUE $1,539,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,157

Fundraising Expenses $0

Program Expenses $2,107,824

Other Expenses $2,006,883

TOTAL EXPENSES $2,174,040

Year-over-Year Comparison

	2017	2016	Change
Revenue	$1,539,417	$1,359,464	+0.1%
Expenses	$2,174,040	$3,225,879	-0.3%
Net Income	$-634,623	$-1,866,415	-0.7%

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

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

$750

Total Directors

$2,875

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL MALLETTE III	BOARD MEMBER	10.00	Director	$875	$0	$875
BYRON CHOKA	PRESIDENT	10.00	Director	$875	$0	$875
BRUCE WILLIAMS	BOARD MEMBER	10.00	Officer Director	$750	$0	$750
BRENDA BRAKE	BOARD MEMBER	10.00	Director	$375	$0	$375
PATRICIA ZELEI	TREASURER	20.00	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
2018	$1,539,417	$2,174,040	No data	$-634,623

PHOENIX ACADEMY