PREP FOR PREP (EIN 132613383) - 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

1968

Legal Domicile

Principal Officer

RUTH JURGENSEN

Phone

2125791390

Tax Period

2023-07-01 to 2024-06-30

PREP FOR PREP, founded in 1968, is a mid-sized nonprofit in the Education sector that reported $14.4M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Net assets of $62.0M represent 52 months of operating reserves.

Mission

PREP FOR PREP ENVISIONS A NATION GUIDED BY ETHICAL AND EFFECTIVE LEADERS WHO REFLECT OUR DIVERSE SOCIETY. AFTER 46 YEARS OF SERVICE, PREP IS NOW MORE THAN 5,000 STUDENTS AND ALUMNI STRONG, CREATING GENERATIONS OF DIVERSE LEADERS WHO ARE INSPIRING CHANGE, SHAPING OUR DEMOCRACY, AND CONTRIBUTING TO AND GROWING OUR GLOBAL ECONOMY.

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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 $10,783,843

Program Service Revenue $0

Investment Income $3,610,823

Other Revenue $5,159

TOTAL REVENUE $14,399,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,909,848

Fundraising Expenses $542,479

Program Expenses $13,140,273

Other Expenses $5,550,440

TOTAL EXPENSES $15,460,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,399,825	$16,518,747	-0.1%
Expenses	$15,460,288	$14,880,016	+0.0%
Net Income	$-1,060,463	$1,638,731	-1.6%

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

241

Volunteers

420

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

$990,344

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN LIPTON	CHAIR EMERITUS (NONVOTING)	1.00	Director	$0	$0	$0
JOHN L VOGELSTEIN	CHAIR EMERITUS (NONVOTING)	1.00	Director	$0	$0	$0
SCOTT L BOK	CHAIR EMERITUS	1.00	Director	$0	$0	$0
LISA SMITH CASHIN	CHAIR	1.00	Director	$0	$0	$0
YAHONNES CLEARY	PRESIDENT	1.00	Director	$0	$0	$0
CHRISTOPHER JAMES	PRESIDENT	1.00	Director	$0	$0	$0
SUE MENG	EXECUTIVE VICE PRESIDENT & SECRETARY	1.00	Director	$0	$0	$0
DANIEL M NEIDICH	EXECUTIVE VICE PRESIDENT	1.00	Director	$0	$0	$0
FRANK K BYNUM JR	VICE PRESIDENT	1.00	Director	$0	$0	$0
MARGARET MUNZER LOEB	VICE PRESIDENT	1.00	Director	$0	$0	$0
KENNETH CAPLAN	VICE PRESIDENT	1.00	Director	$0	$0	$0
JOHN H HALL ESQ	VICE PRESIDENT	1.00	Director	$0	$0	$0
NATALIE SWABY HUTCHINSON	VICE PRESIDENT	1.00	Director	$0	$0	$0
NICOLE ARNABOLDI	VICE PRESIDENT	1.00	Director	$0	$0	$0
CHRISTOPHER ORTEGA	VICE PRESIDENT	1.00	Director	$0	$0	$0
PETER ANZALONE	VICE PRESIDENT & TREASURER	1.00	Director	$0	$0	$0
RICHARD D'ALBERT	VICE PRESIDENT & ASSISTANT TREASURER	1.00	Director	$0	$0	$0
JOHN ALLMAN	TRUSTEE, EX-OFFICIO	1.00	Director	$0	$0	$0
DALE ALLSOPP	TRUSTEE	1.00	Director	$0	$0	$0
CONOR BASTABLE	TRUSTEE	1.00	Director	$0	$0	$0
ANSON H BEARD	TRUSTEE	1.00	Director	$0	$0	$0
JORGE CALDERON	TRUSTEE	1.00	Director	$0	$0	$0
ALEX CLAVEL	TRUSTEE	1.00	Director	$0	$0	$0
DIOGENES BRITO	CEO	1.00	Director	$0	$0	$0
KATHRYN M DEANE	TRUSTEE	1.00	Director	$0	$0	$0
JAMES P DEMARE	TRUSTEE	1.00	Director	$0	$0	$0
ERIC DERFNER	TRUSTEE	1.00	Director	$0	$0	$0
PASCAL DESROCHES	TRUSTEE	1.00	Director	$0	$0	$0
ALEXANDER R EDLICH	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA FARMAN-FARMAIAN	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN FERRO	TRUSTEE	1.00	Director	$0	$0	$0
KAREEM COOK	TRUSTEE	1.00	Director	$0	$0	$0
CARL D HARNICK	TRUSTEE	1.00	Director	$0	$0	$0
FRANCIS IDEHEN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES R MAHER	TRUSTEE	1.00	Director	$0	$0	$0
ERIC A ROTHFELD	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY KIM	TRUSTEE	1.00	Director	$0	$0	$0
ROBIN KRASNY	TRUSTEE	1.00	Director	$0	$0	$0
LAURENCE C LEEDS JR	TRUSTEE	1.00	Director	$0	$0	$0
FRANK J LOVERRO	TRUSTEE	1.00	Director	$0	$0	$0
R TYLER MORSE	TRUSTEE	1.00	Director	$0	$0	$0
JEANNEMARIE O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
SANDY OSBORNE	TRUSTEE	1.00	Director	$0	$0	$0
LISSA PERLMAN	TRUSTEE	1.00	Director	$0	$0	$0
TREVOR PRICE	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD SCHAPS	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM A SHUTZER	TRUSTEE	1.00	Director	$0	$0	$0
PEG SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WEST	TRUSTEE	1.00	Director	$0	$0	$0
ANITA VOLZ WIEN	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN C WILLE	TRUSTEE	1.00	Director	$0	$0	$0
KARESSA L CAIN	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN OTERO XII	TRUSTEE	1.00	Director	$0	$0	$0
EVAN SCHWARTZBERG	TRUSTEE	1.00	Director	$0	$0	$0
MELANIE DOW UNTIL 63024	TRUSTEE	1.00	Director	$0	$0	$0
PARISA JAFFER	TRUSTEE	1.00	Director	$0	$0	$0
MEDHI MAHMUD UNTIL 63024	TRUSTEE	1.00	Director	$0	$0	$0
DUSTY PHILIP	TRUSTEE	1.00	Director	$0	$0	$0
NANCY REYES	TRUSTEE	1.00	Director	$0	$0	$0
ARUN ALAGAPPAN	TRUSTEE	1.00	Director	$0	$0	$0
CATHERINE COLE	TRUSTEE	1.00	Director	$0	$0	$0
LORENCE KIM	TRUSTEE	1.00	Director	$0	$0	$0
JULIAN LIAU	TRUSTEE	1.00	Director	$0	$0	$0
RAQUEL ODEN UNTIL 93023	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES F STEWART	TRUSTEE	1.00	Director	$0	$0	$0
NYSSA FAJARDOO LEE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MITCHELL	TRUSTEE	1.00	Director	$0	$0	$0
MARIAMA N' DIAYE	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH PABON	TRUSTEE	1.00	Director	$0	$0	$0
DANTE PEARSON	TRUSTEE	1.00	Director	$0	$0	$0
MO SAKURAI	TRUSTEE	1.00	Director	$0	$0	$0
DAVID GREENBERG	TRUSTEE	1.00	Director	$0	$0	$0
VAUGHN CALDON	TRUSTEE	1.00	Director	$0	$0	$0
ISOLDE BRIELMAIER FROM 101723	TRUSTEE	1.00	Director	$0	$0	$0
JOCELYN GAILLIOT FROM 101723	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE LEVIN MESARD FROM 101723	TRUSTEE	1.00	Director	$0	$0	$0
ARTHUR MAGNUS FROM 011624	TRUSTEE	1.00	Director	$0	$0	$0
NNAMDI ORAKWUEVII FROM 101723	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN SCHWARTZ FROM 011624	TRUSTEE	1.00	Director	$0	$0	$0
JOHNNY SKUMPUA FROM 07123	TRUSTEE	1.00	Director	$0	$0	$0
RUTH JURGENSEN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$409,429	$23,990	$433,419
JACKSON COLLINS	EXECUTIVE DIRECTOR	40.00	Officer	$266,642	$28,347	$294,989
SHARON MADISON	CHIEF OPERATING OFFICER	40.00	Officer	$234,206	$27,730	$261,936
NIKOLE SMITH	DIRECTOR OF ACADEMIC PROGRAM	40.00	Highest	$191,996	$30,161	$222,157
JOHANNA RODRIGUEZ	DIRECTOR OF ADMISSIONS	40.00	Highest	$184,937	$25,227	$210,164
CINDY PEREZ	DIRECTOR OF LEADERSHIP DEV	40.00	Highest	$166,670	$29,368	$196,038
REBECCA ERVEY	DIRECTOR OF DEVELOPMENT AN	40.00	Highest	$218,075	$22,126	$240,201
ROBERTA OSORIO FROM 07122	DIRECTOR POST PLACEMENT COUNSELING	40.00	Highest	$172,701	$10,985	$183,686

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	$14,399,825	$15,460,288	$63,219,416	$-1,060,463
2023	$16,518,747	$14,880,016	$62,950,296	$1,638,731
2022	$10,691,357	$12,199,010	$57,748,705	$-1,507,653
2021	$11,458,262	$10,865,077	$67,702,952	$593,185
2020	$9,132,318	$12,286,315	$56,649,003	$-3,153,997
2019	$8,698,497	$12,388,833	$60,402,689	$-3,690,336

PREP FOR PREP