LOGOS PREPARATORY ACADEMY (EIN 200864550) - 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

2004

Legal Domicile

Principal Officer

TAMMY MCILVOY

Phone

2815656467

Tax Period

2023-06-01 to 2024-05-31

LOGOS PREPARATORY ACADEMY, founded in 2004, is a community nonprofit in the Education sector that reported $5.9M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 37% operating margin.

Mission

PROVIDE AN ALTERNATIVE EDUCATIONAL CHOICE.

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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 $1,190,053

Program Service Revenue $4,345,076

Investment Income $246,250

Other Revenue $87,037

TOTAL REVENUE $5,868,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,768,596

Fundraising Expenses $0

Program Expenses $2,465,021

Other Expenses $912,001

TOTAL EXPENSES $3,680,597

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,868,416	$4,298,991	+0.4%
Expenses	$3,680,597	$3,483,737	+0.1%
Net Income	$2,187,819	$815,254	+1.7%

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

132

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

$112,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY MCILVOY	PRESIDENT/HE	40.00	Officer	$112,000	$0	$112,000
TIM ALCORN	SECRETARY	N/A	Director	$0	$0	$0
MIKE CABRIO	DIRECTOR	N/A	Director	$0	$0	$0
BILLY EASTER	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN EDELBROCK	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS GEORGE	DIRECTOR	N/A	Director	$0	$0	$0
RICK GOOLSBY	CHAIRMAN/DIR	N/A	Officer Director	$0	$0	$0
FRED HIGGS	DIRECTOR	N/A	Director	$0	$0	$0
CARMIE HOGAN	DIRECTOR	N/A	Director	$0	$0	$0
ADAM JUNGEBLUT	DIRECTOR	N/A	Director	$0	$0	$0
VINCENT KAU	DIRECTOR	N/A	Director	$0	$0	$0
JUDY KURRUS	DIRECTOR	N/A	Director	$0	$0	$0
MARIO SAY	DIRECTOR	N/A	Director	$0	$0	$0
ANNA SILVA	DIRECTOR	N/A	Director	$0	$0	$0
GINSU VARGHESE	DIRECTOR	N/A	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	$5,868,416	$3,680,597	$6,883,861	$2,187,819
2023	$4,298,991	$3,483,737	$4,701,014	$815,254
2022	$3,938,608	$3,144,567	$7,595,120	$794,041
2021	$3,466,479	$3,042,901	$6,111,459	$423,578
2020	$3,176,194	$2,752,812	$5,789,896	$423,382
2019	$3,285,683	$2,808,733	$4,941,370	$476,950

LOGOS PREPARATORY ACADEMY