PREPARATORY FOUNDATION INC

EIN: 113690799 501(c)(3) Philanthropy & Grantmaking

HYDE PARK, MA

Total Revenue
$4,524,513
Total Expenses
$2,561,256
Total Assets
$62,755,042
Net Assets
$14,311,861
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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
MA
Principal Officer
WILLIAM CLARK
Phone
6173336688
Tax Period
2024-07-01 to 2025-06-30

PREPARATORY FOUNDATION INC, founded in 2003, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.5M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 43% operating margin.

Mission

TO PROVIDE ENHANCEMENT OF EDUCATIONAL COLLEGE PREPARATORY OPPORTUNITIES IN THE BOSTON AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,133,097
Program Service Revenue $2,195,416
Investment Income $0
Other Revenue $196,000
TOTAL REVENUE $4,524,513

Expense Breakdown

Grants Paid $420,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,561,256
Other Expenses $2,141,256
TOTAL EXPENSES $2,561,256

Year-over-Year Comparison

2024 2023 Change
Revenue $4,524,513 $3,218,350 +0.4%
Expenses $2,561,256 $2,930,340 -0.1%
Net Income $1,963,257 $288,010 +5.8%
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
11
Independent Members
11
Employees
N/A
Volunteers
30

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM CLARK PRESIDENT 1.00
Officer Director
$0 $0 $0
HOWARD MCCUE TREASURER 1.00
Officer Director
$0 $0 $0
CAROL TAYLOR CLERK 1.00
Officer Director
$0 $0 $0
JOHN GRANDIN DIRECTOR 1.00
Director
$0 $0 $0
PRESTON MCSWAIN DIRECTOR 1.00
Director
$0 $0 $0
JEREMY BENEDICT DIRECTOR 1.00
Director
$0 $0 $0
TOM SORBO DIRECTOR 1.00
Director
$0 $0 $0
BRUCE BUXTON DIRECTOR 1.00
Director
$0 $0 $0
CAROLYN OSTEEN DIRECTOR 1.00
Director
$0 $0 $0
TAMARA OLSEN DIRECTOR 1.00
Director
$0 $0 $0
ANDREW KAPLAN DIRECTOR 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 $4,524,513 $2,561,256 $62,755,042 $1,963,257
2024 $3,218,350 $2,930,340 $63,110,285 $288,010
2023 $4,309,510 $3,788,117 $64,701,277 $521,393
2022 $4,386,589 $3,805,240 $65,188,971 $581,349
2021 $3,595,324 $3,874,372 $39,866,079 $-279,048
2020 $3,070,680 $4,272,988 $40,714,953 $-1,202,308
2019 $3,361,119 $3,865,594 $42,493,207 $-504,475
2018 $4,702,735 $2,403,547 $39,560,722 $2,299,188
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