IVY PREPARATORY ACADEMY INCORPORATED (EIN 050615843) - 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

2014

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

IVY PREPARATORY ACADEMY INCORPORATED, founded in 2014, is a community nonprofit in the Education sector that reported $7.6M in total revenue in fiscal year 2023. Expenses of $9.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

OPERATION OF CHARTER SCHOOL AND RELATED SUPPORT SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,231,987

Program Service Revenue $5,772,413

Investment Income $0

Other Revenue $628,280

TOTAL REVENUE $7,632,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,621,892

Other Expenses $9,019,426

TOTAL EXPENSES $9,019,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,632,680	$7,944,967	0.0%
Expenses	$9,019,426	$8,615,156	+0.0%
Net Income	$-1,386,746	$-670,189	+1.1%

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

$291,000

Total Directors

$291,000

Key Employees

$151,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARCIA NICHOLS	HEAD OF SCHOOL	40.00	Officer Director Key Emp	$151,000	$0	$151,000
LATICIA SHARP	CFO	40.00	Officer Director	$140,000	$0	$140,000
TUNISIA CORNELIUS	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
DANIELLE HARRINGTON	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
STEPHANIE D TWITTY-CARMON	VICE-CHAIRMAN	2.00	Officer Director	$0	$0	$0
RONNIE BANYARD	CHAIRMAN	2.00	Officer Director	$0	$0	$0
LESLIE PURIFOY-PLUNKETT	SECRETARY	2.00	Officer 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	$7,632,680	$9,019,426	$12,904,521	$-1,386,746
2023	$7,944,967	$8,615,156	$15,166,239	$-670,189
2022	$7,743,445	$7,457,035	$13,093,434	$286,410
2021	$6,998,046	$6,980,280	$14,121,638	$17,766
2020	$6,014,262	$6,771,444	$14,155,403	$-757,182
2019	$6,001,731	$6,580,656	$13,810,042	$-578,925

IVY PREPARATORY ACADEMY INCORPORATED