GRAND RAPIDS UNIVERSITY PREPARATORY ASSOCIATION

EIN: 262071691 501(c)(3) Education

GRAND RAPIDS, MI

Total Revenue
$396,953
Total Expenses
$463,140
Total Assets
$7,332,755
Net Assets
$6,852,083
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MI
Principal Officer
BRIAN CLOYD
Phone
6168191010
Tax Period
2024-07-01 to 2025-06-30

GRAND RAPIDS UNIVERSITY PREPARATORY ASSOCIATION, founded in 2008, is a small nonprofit in the Education sector that reported $397K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $463K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE AN ENVIRONMENT WHERE URBAN CHILDREN CAN ASPIRE TO DO GREAT THINGS, ACHIEVE ACADEMIC SUCCESS, AND REALIZE THEIR DREAMS THROUGH A RIGOROUS COLLEGE PREPARATORY CURRICULUM, A UNIQUE SCHOOL DESIGN, AND THE SUPPORT OF PARENTS AND THE COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $388,903
Program Service Revenue $0
Investment Income $8,050
Other Revenue $0
TOTAL REVENUE $396,953

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $428,836
Other Expenses $463,140
TOTAL EXPENSES $463,140

Year-over-Year Comparison

2024 2023 Change
Revenue $396,953 $293,487 +0.4%
Expenses $463,140 $518,347 -0.1%
Net Income $-66,187 $-224,860 -0.7%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN CLOYD BOARD CHAIR 2.00
Officer Director
$0 $0 $0
JOHN KENNEDY BOARD TREASU 2.00
Officer Director
$0 $0 $0
KELSEY BAKO BOARD SECRET 2.00
Officer Director
$0 $0 $0
WAYMAN BRITT DIRECTOR 1.00
Director
$0 $0 $0
ROB ELLIOTT DIRECTOR 1.00
Director
$0 $0 $0
STEVE GOULET DIRECTOR 1.00
Director
$0 $0 $0
KENYATTA HILL-HALL DIRECTOR 1.00
Director
$0 $0 $0
SYLVIA JAMES DIRECTOR 1.00
Director
$0 $0 $0
ANA JOSE DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN MAXIM DIRECTOR 1.00
Director
$0 $0 $0
DAVE SYLVESTER DIRECTOR 1.00
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 $396,953 $463,140 $7,332,755 $-66,187
2024 $293,487 $518,347 $6,980,686 $-224,860
2023 $274,627 $521,496 $7,199,599 $-246,869
2022 $224,508 $454,722 $7,460,350 $-230,214
2021 $209,727 $412,051 $7,709,224 $-202,324
2020 $253,621 $550,267 $7,985,824 $-296,646
2019 $247,132 $564,526 $8,287,188 $-317,394
2018 $201,684 $527,698 $8,607,568 $-326,014
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