PASSONS ACADEMY CORPORATION

EIN: 920413251 501(c)(3) Human Services

PICO RIVERA, CA

Total Revenue
$593,959
Total Expenses
$426,328
Total Assets
$191,238
Net Assets
$211,393
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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
CA
Principal Officer
LETICIA OLAGUE
Phone
5622222228
Tax Period
2025-01-01 to 2025-12-31

PASSONS ACADEMY CORPORATION, founded in 2022, is a small nonprofit in the Human Services sector that reported $594K in total revenue in fiscal year 2025. The organization ran a surplus of $168K, a strong 28% operating margin.

Mission

provide our students with the highest academic development and the most effective and appropriate social, physical, and spiritual foundations to help them become successful

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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 (2025)

Revenue Breakdown

Contributions & Grants $547,000
Program Service Revenue $46,959
Investment Income $0
Other Revenue $0
TOTAL REVENUE $593,959

Expense Breakdown

Grants Paid $25
Salaries & Benefits $162,955
Fundraising Expenses $0
Program Expenses $418,686
Other Expenses $259,956
TOTAL EXPENSES $426,328

Year-over-Year Comparison

2025 2024 Change
Revenue $593,959 $561,112 +0.1%
Expenses $426,328 $360,851 +0.2%
Net Income $167,631 $200,261 -0.2%
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
4
Independent Members
N/A
Employees
5
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
2
$13,200
Total Directors
4
$13,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LETICIA OLAGUE EXECUTIVE DIR 40
Officer Director
$13,200 $0 $13,200
ELIZABETH RAM IREZ SECTRY 40
Officer Director
$0 $0 $0
MAX GOMEZ III TREASURER 5
Director
$0 $0 $0
HANNAH GOMEZ MBR AT LARGE 5
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 $593,959 $426,328 $191,238 $167,631
2024 $561,112 $360,851 $48,860 $200,261
2023 $182,840 $129,082 $53,758 $53,758
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