FREEDOM PREPARATORY ACADEMY INC (EIN 261342579) - 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

ANIKA BALTIMORE

Phone

9018284590

Tax Period

2024-07-01 to 2025-06-30

FREEDOM PREPARATORY ACADEMY INC, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $30.5M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $29.5M left a modest 3% surplus.

Mission

FREEDOM PREPARATORY ACADEMY PREPARES ALL STUDENTS IN GRADES K-12 TO EXCEL IN COLLEGE AND IN LIFE. IT'S FOCUS IS A CLEAR STRATEGIC AND DIRECT PATH TO COLLEGE FOR EVERY STUDENT THAT ENTERS OUR DOORS.

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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 $29,633,576

Program Service Revenue $862,086

Investment Income $0

Other Revenue $0

TOTAL REVENUE $30,495,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,959,554

Fundraising Expenses $0

Program Expenses $19,594,592

Other Expenses $9,496,331

TOTAL EXPENSES $29,455,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,495,662	$35,371,672	-0.1%
Expenses	$29,455,885	$33,105,342	-0.1%
Net Income	$1,039,777	$2,266,330	-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

485

Volunteers

110

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

$826,035

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARDELL ORRIN	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE LANDAU	SECRETARY	1.00	Officer Director	$0	$0	$0
RICH BILLINGS	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN CORNES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANDRE GIBSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHELLE MERCADO	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KIM POST	DIRECTOR	1.00	Director	$0	$0	$0
ROBLIN WEBB	CEO/FOUNDER	40.00	Officer	$217,864	$13,869	$231,733
RHONDA MYLES	CHIEF PEOPLE OFFICER	40.00	Officer	$178,472	$29,946	$208,418
JOHNECIA HOWARD	COO	40.00	Officer	$162,512	$29,226	$191,738
ANIKA BALTIMORE	CFO	40.00	Officer	$175,271	$18,875	$194,146
ARTHUR ROSENTHAL	HEAD OF SCHOOL	40.00	Highest	$100,949	$29,415	$130,364
NATASHA JEAN-LOUIS	HEAD OF SCHOOL	40.00	Highest	$100,378	$22,076	$122,454
SHAYLA MORGAN	HEAD OF SCHOOL	40.00	Highest	$113,578	$10,709	$124,287
MEGAN STITZINGER	CHIEF OF STAFF	40.00	Highest	$170,658	$18,515	$189,173
NATASHA SMITH	HEAD OF SCHOOL	40.00	Highest	$102,865	$21,260	$124,125

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	$30,495,662	$29,455,885	$57,153,273	$1,039,777
2024	$35,371,672	$33,105,342	$57,538,612	$2,266,330
2023	$39,672,062	$28,987,269	$55,628,959	$10,684,793
2022	$33,295,008	$27,739,055	$50,857,494	$5,555,953
2021	$31,026,629	$25,686,664	$31,757,186	$5,339,965
2020	$25,017,727	$22,163,001	$24,937,095	$2,854,726
2019	$21,645,407	$19,593,676	$11,174,875	$2,051,731
2018	$19,916,172	$18,583,251	$9,007,927	$1,332,921

FREEDOM PREPARATORY ACADEMY INC