WAYNE PREPARATORY ACADEMY INC (EIN 264207236) - 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

2015

Legal Domicile

Principal Officer

JOHN DRAKE

Phone

9197348035

Tax Period

2023-07-01 to 2024-06-30

WAYNE PREPARATORY ACADEMY INC, founded in 2015, is a mid-sized nonprofit in the Education sector that reported $10.3M in total revenue in fiscal year 2023.

Mission

TO OPERATE A CHARTER SCHOOL IN NORTH CAROLINA

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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 $9,919,560

Program Service Revenue $93,649

Investment Income $0

Other Revenue $250,125

TOTAL REVENUE $10,263,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,710,849

Other Expenses $10,710,849

TOTAL EXPENSES $10,710,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,263,334	$10,693,404	0.0%
Expenses	$10,710,849	$11,357,353	-0.1%
Net Income	$-447,515	$-663,949	-0.3%

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

192

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
AMANDA WELLS	MEMBER AT LARGE	5.00	Officer Director	$0	$0	$0
SCOTT MACKEY	CHAIR	5.00	Officer Director	$0	$0	$0
CHARLES GAYLOR	VICE CHAIR	5.00	Officer Director	$0	$0	$0
CADY STANTON	BOARD SECRETARY	5.00	Officer Director	$0	$0	$0
DONNA SCOTT	TREASURER	5.00	Officer Director	$0	$0	$0
JOHN TWITTY	MANAGING DIRECTOR	40.00		$104,100	$7,961	$112,061

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	$10,263,334	$10,710,849	$17,039,576	$-447,515
2023	$10,693,404	$11,357,353	$18,770,556	$-663,949
2022	$10,094,949	$10,404,910	$20,651,662	$-309,961
2021	$8,325,995	$8,375,177	$1,732,242	$-49,182
2020	$7,283,996	$6,741,876	$1,541,607	$542,120
2019	$5,759,081	$5,724,591	$971,307	$34,490
2018	$4,310,399	$4,127,572	$888,471	$182,827

WAYNE PREPARATORY ACADEMY INC