Teach 'O' Rea Preparatory Preschool (EIN 208507403) - 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

2008

Legal Domicile

Principal Officer

George Cole

Phone

4042967737

Tax Period

2023-01-01 to 2023-12-31

Teach 'O' Rea Preparatory Preschool, founded in 2008, is a small nonprofit in the Education sector that reported $867K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $747K left a modest 14% surplus.

Mission

Pre-Kindergarten & Pre-School provide tuition assistance for families with financial hardship.

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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 $576,097

Program Service Revenue $290,637

Investment Income $0

Other Revenue $0

TOTAL REVENUE $866,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $412,057

Fundraising Expenses $0

Program Expenses $677,240

Other Expenses $334,918

TOTAL EXPENSES $746,975

Year-over-Year Comparison

	2023	2022	Change
Revenue	$866,734	$965,015	-0.1%
Expenses	$746,975	$721,142	+0.0%
Net Income	$119,759	$243,873	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Willie Cameron	Board Member	5.00	Director	$0	$0	$0
Willie Cason	Board Member	5.00	Director	$0	$0	$0
Victor Hall	Board Member	5.00	Director	$0	$0	$0
Greg Harris	Board Member	5.00	Director	$0	$0	$0
Charlene McKenzie	Board Member	40.00	Director	$0	$0	$0
David Olive	Board Member	5.00	Director	$0	$0	$0
Corey Evans	Chairman	5.00	Officer Director	$0	$0	$0
George Cole	President	40.00	Key Emp	$0	$0	$0
Emma Cole	Executive Director	40.00	Officer Director Key Emp	$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
2023	$866,734	$746,975	$802,309	$119,759
2022	$965,015	$721,142	$679,055	$243,873
2021	$878,651	$637,629	$440,435	$241,022
2020	$708,365	$579,175	$351,161	$129,190
2019	$690,138	$711,526	$70,224	$-21,388
2018	$652,623	$686,145	$93,249	$-33,522

Teach 'O' Rea Preparatory Preschool