RICHARD ALLEN PREPARATORY CHARTER SCHOOL (EIN 233085452) - 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

1997

Legal Domicile

Principal Officer

LAWRENCE F JONES JR

Phone

2158781544

Tax Period

2024-07-01 to 2025-06-30

RICHARD ALLEN PREPARATORY CHARTER SCHOOL, founded in 1997, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $6.6M left a modest 8% surplus.

Mission

TO CREATE A SAFE & HEALTHY LEARNING ENVIRONMENT FOR MIDDLE SCHOOL YOUTH TO DEVELOP INTO RESPONSIBLE PARTICIPANTS IN THEIR EDUCATION & DIVERSE SOCIETY.

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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 $1,116,014

Program Service Revenue $6,085,354

Investment Income $0

Other Revenue $21,381

TOTAL REVENUE $7,222,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,808,945

Fundraising Expenses $0

Program Expenses $5,040,592

Other Expenses $2,839,968

TOTAL EXPENSES $6,648,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,222,749	$9,521,272	-0.2%
Expenses	$6,648,913	$7,990,451	-0.2%
Net Income	$573,836	$1,530,821	-0.6%

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

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

$283,424

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL C TROTTER ESQ	PRESIDENT	1.00	Director	$0	$0	$0
ISAIAH JENKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
JERALD JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
OLAWALE MABOGUNJE	SECRETARY	1.00	Director	$0	$0	$0
UCHE ANUSIONWU	BOARD MEMBER	1.00	Director	$0	$0	$0
JUANA DIAZ	BOARD MEMBER	1.00	Director	$0	$0	$0
LAWRENCE F JONES JR	CEO	40.00	Officer	$196,510	$86,914	$283,424
SHARINE BROWN	CHIEF ACADEMIC OFFICER	40.00	Highest	$124,678	$15,292	$139,970

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	$7,222,749	$6,648,913	$5,284,185	$573,836
2024	$9,521,272	$7,990,451	$5,650,210	$1,530,821
2023	$7,986,506	$7,038,063	$4,863,573	$948,443
2022	$7,855,886	$6,508,537	$8,465,527	$1,347,349
2021	$7,576,630	$5,960,529	$4,637,155	$1,616,101
2020	$7,282,456	$5,975,195	$3,965,543	$1,307,261
2019	$6,624,701	$5,999,593	$3,947,103	$625,108
2018	$6,547,679	$6,351,645	$4,714,167	$196,034

RICHARD ALLEN PREPARATORY CHARTER SCHOOL