SUCCESS PREPARATORY ACADEMY

EIN: 263202807 501(c)(3) Education

NEW ORLEANS, LA

Total Revenue
$8,752,764
Total Expenses
$8,200,706
Total Assets
$3,180,453
Net Assets
$2,745,360
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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
LA
Principal Officer
ELLIOTT EDWARDS
Phone
5049096275
Tax Period
2022-07-01 to 2023-06-30

SUCCESS PREPARATORY ACADEMY, founded in 2008, is a community nonprofit in the Education sector that reported $8.8M in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $8.2M left a modest 6% surplus.

Mission

EMPOWER ALL STUDENTS WITH THE SKILLS, CHARACTER TRAITS, AND CONFIDENCE TO LIVE HAPPY, HEALTHY LIVES OF UNLIMITED POSSIBILITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,682,824
Program Service Revenue $0
Investment Income $13,812
Other Revenue $56,128
TOTAL REVENUE $8,752,764

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,064,255
Fundraising Expenses $0
Program Expenses $7,555,462
Other Expenses $3,136,451
TOTAL EXPENSES $8,200,706

Year-over-Year Comparison

2022 2021 Change
Revenue $8,752,764 $7,661,480 +0.1%
Expenses $8,200,706 $7,723,091 +0.1%
Net Income $552,058 $-61,611 -10.0%
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

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Governance

Voting Members
9
Independent Members
8
Employees
46
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
5
$255,470
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ONDINA MENDOZA BOARD CHAIR 1.25
Officer Director
$0 $0 $0
STEPHEN REUTHER SECRETARY 1.25
Officer Director
$0 $0 $0
BETH MCALEAR TREASURER 1.25
Officer Director
$0 $0 $0
PERRY SCHOLES BOARD MEMBER 1.25
Director
$0 $0 $0
CHELON ABRAHMS BOARD MEMBER 1.25
Director
$0 $0 $0
ERICA LEWIS BOARD MEMBER 1.25
Director
$0 $0 $0
KRISTIN PATTERSON BOARD MEMBER 1.25
Director
$0 $0 $0
SORBY GRANT BOARD MEMBER 1.25
Director
$0 $0 $0
ADAM MEINIG EXECUTIVE DIRECTOR 40.00
Officer
$142,072 $10,564 $152,636
ELLIOTT EDWARDS DIRECTOR OF FINANCE 40.00
Officer
$93,333 $9,501 $102,834
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 No data No data No data No data
2023 $8,752,764 $8,200,706 $3,180,453 $552,058
2022 $7,661,479 $7,728,107 $2,439,777 $-66,628
2021 $6,878,904 $6,249,437 $2,384,649 $629,467
2020 $6,312,394 $5,961,812 $1,725,521 $350,582
2019 $6,120,770 $5,926,671 $1,408,682 $194,099
2018 $6,085,554 $6,761,565 $1,277,849 $-676,011
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