Zarephath Academy Inc (EIN 263298970) - 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

Jerry Brant

Phone

9045667549

Tax Period

2023-07-01 to 2024-06-30

Zarephath Academy Inc, founded in 2008, is a community nonprofit in the Religion sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 919724% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 9% surplus.

Mission

The school is a K-12 institution that provides faith-based education to all students.

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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 $0

Program Service Revenue $1,894,471

Investment Income $0

Other Revenue $-54,823

TOTAL REVENUE $1,839,648

Expense Breakdown

Grants Paid $115

Salaries & Benefits $1,057,916

Fundraising Expenses $0

Program Expenses $1,506,367

Other Expenses $609,287

TOTAL EXPENSES $1,667,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,839,648	$200	+9197.2%
Expenses	$1,667,318	$1,603,399	+0.0%
Net Income	$172,330	$-1,603,199	-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

Governance

Voting Members

Independent Members

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jerry Brant	Executive Director	060.00	Officer Director Key Emp	$0	$0	$0
Denise Brant	Director	005.00	Officer Director	$0	$0	$0
Patricia Mingo	Principal	060.00	Director Key Emp	$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
2024	$1,839,648	$1,667,318	$274,018	$172,330
2023	$2,029,044	$1,603,399	$296,200	$425,645
2022	$1,686,409	$1,571,083	$106,075	$115,326
2021	$1,630,955	$1,999,984	$-159,244	$-369,029
2017	$1,226,604	$1,271,188	$61,639	$-44,584

Zarephath Academy Inc