HILTON HEAD PREPARATORY SCHOOL (EIN 237126823) - 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

1965

Legal Domicile

Principal Officer

PAUL W HORGAN

Phone

8436712286

Tax Period

2023-07-01 to 2024-06-30

HILTON HEAD PREPARATORY SCHOOL, founded in 1965, is a mid-sized nonprofit in the Education sector that reported $10.4M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $11.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

HILTON HEAD PREPARATORY SCHOOL SEEKS TO EDUCATE COLLEGE-BOUND STUDENTS IN A SAFE ENVIRONMENT. INSTILLING PERSONAL INTEGRITY IS CENTRAL TO OUR EDUCATIONAL PURPOSE. WE STRIVE TO PREPARE A DIVERSE POPULATION OF QUALIFIED STUDENTS FOR ACADEMIC CHALLENGES, FOR A SUCCESSFUL COLLEGE EXPERIENCE, AND FOR REWARDING LIVES.

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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 $935,092

Program Service Revenue $9,225,282

Investment Income $218,768

Other Revenue $0

TOTAL REVENUE $10,379,142

Expense Breakdown

Grants Paid $2,056,851

Salaries & Benefits $5,789,672

Fundraising Expenses $134,745

Program Expenses $10,511,420

Other Expenses $3,763,107

TOTAL EXPENSES $11,609,630

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,379,142	$11,705,517	-0.1%
Expenses	$11,609,630	$10,455,948	+0.1%
Net Income	$-1,230,488	$1,249,569	-2.0%

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

142

Volunteers

125

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

$473,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL W HORGAN	HEAD OF SCHO	40.00	Officer	$273,235	$0	$273,235
MARGOT BROWN	CHIEF ADVANC	40.00	Officer	$126,313	$0	$126,313
CHRISTINE MORGAN	CFO	40.00	Officer	$73,535	$0	$73,535
GILLIAN ALSKO	SECRETARY	2.00	Officer Director	$0	$0	$0
SAMUEL BAUER	CHAIRMAN	5.00	Officer Director	$0	$0	$0
BRIAN J BERRIGAN	DIRECTOR	2.00	Director	$0	$0	$0
HILLARY DOLLENBERG	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
LINDA FRASER	TREASURER	2.00	Officer Director	$0	$0	$0
CHARLIE HARDWICK	DIRECTOR	2.00	Director	$0	$0	$0
ROB HATTLER	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA JONES	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS H RISHER JR	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE SCARMANICH LEWALLEN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN W LONG	DIRECTOR	2.00	Director	$0	$0	$0
CASS TOKARSKI	DIRECTOR	2.00	Director	$0	$0	$0
WALTER WILKINS	DIRECTOR	2.00	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	$10,379,142	$11,609,630	$19,944,946	$-1,230,488
2023	$11,705,517	$10,455,948	$17,833,694	$1,249,569
2022	$9,776,055	$9,642,841	$16,415,414	$133,214
2021	$8,976,656	$9,290,748	$15,241,023	$-314,092
2020	$9,786,881	$9,449,082	$15,034,381	$337,799
2019	$8,963,511	$8,873,322	$15,016,347	$90,189
2018	$8,477,619	$8,723,414	$15,128,356	$-245,795

HILTON HEAD PREPARATORY SCHOOL