Karl G Maeser Preparatory Academy (EIN 203373940) - 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

2006

Legal Domicile

Principal Officer

Cynthia Shumway

Phone

8017854687

Tax Period

2024-07-01 to 2025-06-30

Karl G Maeser Preparatory Academy, founded in 2006, is a community nonprofit in the Education sector that reported $9.3M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 29% operating margin.

Mission

To manage, operate, guide, direct, and promote a public charter school funded by local, state, and federal sources.

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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 $8,544,210

Program Service Revenue $398,116

Investment Income $361,710

Other Revenue $11,550

TOTAL REVENUE $9,315,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,419,010

Fundraising Expenses $0

Program Expenses $5,751,173

Other Expenses $2,200,263

TOTAL EXPENSES $6,619,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,315,586	$7,584,265	+0.2%
Expenses	$6,619,273	$6,470,768	+0.0%
Net Income	$2,696,313	$1,113,497	+1.4%

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

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

$99,482

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Whitehouse	CFO	5.00	Officer Director	$12,000	$0	$12,000
Cynthia Shumway	CAO	2.00	Officer Director	$0	$0	$0
JoAnna Larsen	Board Member	2.00	Director	$0	$0	$0
Richard Dodge	Board Member	2.00	Director	$0	$0	$0
Sandra Russell	Board Member	2.00	Director	$0	$0	$0
Robyn Ellis	Director	45.00	Officer	$72,804	$14,678	$87,482
Dustin Simmons	Dean of Students	40.00	Highest	$102,192	$21,718	$123,910
Jared Norris	Activities Director	40.00	Highest	$102,290	$21,764	$124,054

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	$9,315,586	$6,619,273	$18,615,321	$2,696,313
2024	$7,584,265	$6,470,768	$16,243,837	$1,113,497
2023	$6,618,832	$5,531,895	$15,517,041	$1,086,937
2022	$6,197,398	$5,301,238	$14,676,602	$896,160
2021	$6,111,717	$4,951,057	$14,220,729	$1,160,660
2020	$5,512,186	$4,977,108	$14,716,725	$535,078
2019	$5,447,863	$4,609,225	$14,003,851	$838,638

Karl G Maeser Preparatory Academy