Urban Prep Academies (EIN 200138672) - 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

2002

Legal Domicile

Principal Officer

Dennis Lacewell

Phone

3122760259

Tax Period

2024-07-01 to 2025-06-30

Urban Prep Academies, founded in 2002, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $6.7M exceeded revenue, resulting in a 47% operating deficit.

Mission

To provide a comprehensive, high quality, college preparatory education that results in graduates succeeding in college. The operation of a network of public Charter College Prep High Schools.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,190,017

Program Service Revenue $28,881

Investment Income $0

Other Revenue $312,539

TOTAL REVENUE $4,531,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,957,931

Fundraising Expenses $0

Program Expenses $2,854,548

Other Expenses $4,721,803

TOTAL EXPENSES $6,679,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,531,437	$6,545,992	-0.3%
Expenses	$6,679,734	$7,032,367	-0.1%
Net Income	$-2,148,297	$-486,375	+3.4%

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

134

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

$340,570

Total Directors

$340,570

Key Employees

$448,326

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Tre Childress	Board Chairman	1.00	Officer Director	$0	$0	$0
Dennis Lacewell	CEO	40.00	Officer Director Key Emp	$197,070	$0	$197,070
Benjamin Blakeley	Board Member	1.00	Officer Director	$0	$0	$0
Troy Boyd	Chief Operations Officer	40.00	Officer Director Key Emp	$143,500	$0	$143,500
Tanya Robinson	Human Resource Officer	40.00	Key Emp	$107,756	$0	$107,756
Tyler Beck	Board Member	1.00	Director	$0	$0	$0
Pamela Johnson	Board Member	1.00	Director	$0	$0	$0
Victor P Henderson	Board Member	1.00	Director	$0	$0	$0
James Montgomery	Board Member	1.00	Director	$0	$0	$0
Vernon Spells	Board Member	1.00	Director	$0	$0	$0
Sabrina Hughey	Board Member/Parent Rep.	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	$4,531,437	$6,679,734	$112,445	$-2,148,297
2024	$6,545,992	$7,032,367	$1,358,888	$-486,375
2023	$8,277,718	$9,185,331	$2,325,282	$-907,613
2022	$9,860,483	$9,957,188	$2,924,982	$-96,705
2021	$11,715,247	$8,902,804	$1,211,865	$2,812,443
2020	$11,075,658	$10,520,900	$464,013	$554,758
2019	$10,032,228	$9,982,252	$362,297	$49,976
2018	$9,646,658	$10,375,718	$699,306	$-729,060

Urban Prep Academies