Village Preparatory School

EIN: 262367774 501(c)(3) Education

Cleveland, OH

Total Revenue
$12,964,592
Total Expenses
$12,921,620
Total Assets
$16,253,940
Net Assets
$-2,681,238
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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
OH
Phone
2164562070
Tax Period
2024-07-01 to 2025-06-30

Village Preparatory School, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $13.0M in total revenue in fiscal year 2024.

Mission

To provide a high quality, academically rigorous education for the college bound scholar. We empower our scholars to think critically, assume social responsibility, and serve as advocates for themselves 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 $11,122,979
Program Service Revenue $136,437
Investment Income $400,349
Other Revenue $1,304,827
TOTAL REVENUE $12,964,592

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,371,159
Fundraising Expenses $0
Program Expenses $8,406,739
Other Expenses $6,550,461
TOTAL EXPENSES $12,921,620

Year-over-Year Comparison

2024 2023 Change
Revenue $12,964,592 $12,151,173 +0.1%
Expenses $12,921,620 $12,475,092 +0.0%
Net Income $42,972 $-323,919 -1.1%
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
5
Independent Members
5
Employees
185
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
3
$0
Total Directors
5
$0
Key Employees
1
$103,357
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Amanda Schecter Principal 40
Key Emp
$103,357 $0 $103,357
Aditi Garg Board Chair 0.50
Officer Director
$0 $0 $0
Michelle Harris Secretary 0.50
Officer Director
$0 $0 $0
Reggie Novak Finance chair 0.50
Officer Director
$0 $0 $0
Cecil Lipscomb Board member 0.50
Director
$0 $0 $0
Grady Burrows Board member 0.50
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 $12,964,592 $12,921,620 $16,253,940 $42,972
2024 $12,151,173 $12,475,092 $16,871,437 $-323,919
2023 $13,996,463 $10,592,154 $18,552,095 $3,404,309
2022 $13,142,444 $7,817,483 $16,155,164 $5,324,961
2021 $9,599,473 $8,128,698 $9,055,920 $1,470,775
2020 $8,657,531 $9,150,414 $7,795,759 $-492,883
2019 $5,152,421 $4,517,349 $3,675,372 $635,072
2018 $4,941,446 $2,739,872 $3,347,101 $2,201,574
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