LEGACY PREPARATORY CHRISTIAN ACADEMY (EIN 202693047) - 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

2005

Legal Domicile

Principal Officer

AUDRA MAY

Phone

9363372000

Tax Period

2024-07-01 to 2025-06-30

LEGACY PREPARATORY CHRISTIAN ACADEMY, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $25.4M in total revenue in fiscal year 2024. Revenue surged 179% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.2M, a strong 64% operating margin.

Mission

PROVIDE COLLEGE PREPARATORY EDUCATION FOR PREK-12TH GRADE STUDENTS.

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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 $15,658,591

Program Service Revenue $9,543,869

Investment Income $161,371

Other Revenue $27,662

TOTAL REVENUE $25,391,493

Expense Breakdown

Grants Paid $1,071,140

Salaries & Benefits $4,764,783

Fundraising Expenses $23,852

Program Expenses $7,918,580

Other Expenses $3,314,064

TOTAL EXPENSES $9,149,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,391,493	$9,092,710	+1.8%
Expenses	$9,149,987	$7,966,370	+0.1%
Net Income	$16,241,506	$1,126,340	+13.4%

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

199

Volunteers

504

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

$154,344

Total Directors

$14,128

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY CLARK	BOARD MEMBER	8.00	Director	$8,840	$5,288	$14,128
TERRY HARGUS	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JEREMY LOCHTE	SECRETARY	2.00	Officer Director	$0	$0	$0
CHAD JOLLEY	TREASURER	2.00	Officer Director	$0	$0	$0
DAN CONDLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENNAN ZAUNBRECHER	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD GRIMES	BOARD MEMBER	2.00	Director	$0	$0	$0
AUDRA MAY	HEAD ADMINISTRATOR	40.00	Officer	$154,344	$0	$154,344

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	$25,391,493	$9,149,987	$34,700,539	$16,241,506
2024	$9,092,710	$7,966,370	$18,895,795	$1,126,340
2023	$7,614,733	$6,700,592	$19,255,706	$914,141
2022	$6,568,800	$5,407,197	$16,318,013	$1,161,603
2021	$6,690,620	$4,579,459	$11,350,164	$2,111,161
2020	$4,704,716	$4,378,258	$9,357,970	$326,458
2019	$4,440,005	$4,356,919	$9,236,533	$83,086
2018	$4,216,908	$4,044,139	$9,285,953	$172,769

LEGACY PREPARATORY CHRISTIAN ACADEMY