PROVIDENCE SCHOOL (EIN 952105233) - 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

1960

Legal Domicile

Principal Officer

JOSHUA KEITH

Phone

8059624400

Tax Period

2022-07-01 to 2023-06-30

PROVIDENCE SCHOOL, founded in 1960, is a community nonprofit in the Education sector that reported $9.2M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Expenses of $7.9M left a modest 14% surplus.

Mission

OPERATING A PRESCHOOL-12 PRIVATE SCHOOL GROUNDED IN THE TEACHING OF JESUS CHRIST AND THE BIBLE.

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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 $3,183,650

Program Service Revenue $6,010,740

Investment Income $5,522

Other Revenue $24,686

TOTAL REVENUE $9,224,598

Expense Breakdown

Grants Paid $1,180,043

Salaries & Benefits $4,338,267

Fundraising Expenses $578,920

Program Expenses $6,123,326

Other Expenses $2,368,377

TOTAL EXPENSES $7,938,795

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,224,598	$10,240,294	-0.1%
Expenses	$7,938,795	$7,246,641	+0.1%
Net Income	$1,285,803	$2,993,653	-0.6%

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

106

Volunteers

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

$284,014

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON ELDRED	CHAIR	5.00	Officer Director	$0	$0	$0
KAREN YONALLY	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JOSHUA KEITH	TREASURER	2.00	Officer Director	$0	$0	$0
KELLY MARSH	TREASURER (FROM 7/1/2022 - 5/2/2023)	2.00	Officer Director	$0	$0	$0
KELLI GEORGE	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID VANDER LAAN	TRUSTEE (JOINED 6/14/22)	1.00	Director	$0	$0	$0
KARI ZENI	TRUSTEE	1.00	Director	$0	$0	$0
BETSY COFFIN	TRUSTEE (FROM 7/1/2022 - 6/30/2023)	1.00	Director	$0	$0	$0
ERIC HAWKINS	TRUSTEE	1.00	Director	$0	$0	$0
MATT LABRIE	TRUSTEE	1.00	Director	$0	$0	$0
DONNA VENZOR	CHIEF FINANCIAL OFFICER (8/1/22 - 6/30/23)	40.00	Officer	$67,867	$2,021	$69,888
SOO CHANG	HEAD OF SCHOOL	40.00	Officer	$179,624	$34,502	$214,126
MATTHEW KNOLES	PRINCIPAL LOWER SCHOOL	40.00	Highest	$113,957	$6,322	$120,279
CHRISTOPHER ELWOOD	TEACHER	40.00	Highest	$104,447	$11,610	$116,057

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	$9,224,598	$7,938,795	$11,927,335	$1,285,803
2022	$10,240,294	$7,246,641	$11,287,370	$2,993,653
2021	$6,713,496	$6,110,197	$2,685,646	$603,299
2020	$7,164,751	$6,819,864	$1,991,206	$344,887
2018	$6,090,904	$6,876,941	$929,634	$-786,037

PROVIDENCE SCHOOL