LEADERSHIP PREP SCHOOL

EIN: 271616131 501(c)(3) Education

FRISCO, TX

Total Revenue
$16,350,700
Total Expenses
$14,858,740
Total Assets
$56,583,289
Net Assets
$9,506,608
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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
2010
Legal Domicile
TX
Principal Officer
STACY ALTON
Phone
9723703650
Tax Period
2024-07-01 to 2025-06-30

LEADERSHIP PREP SCHOOL, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $16.4M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $14.9M left a modest 9% surplus.

Mission

THE MISSION OF LPS IS TO INSPIRE STUDENTS TO LEARN, GROW, AND LEAD FOR A LIFETIME. THE ACRONYM P.L.A.C.E. SUMMARIZES THE FIVE KEY AREAS THAT HAVE BEEN SELECTED AS THE FOCUS OF LPS' VISION: PARENT PARTNERSHIP, LEADERSHIP DEVELOPMENT, ACADEMICS, CREATIVITY, AND EXCELLENCE.

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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 $15,441,978
Program Service Revenue $357,355
Investment Income $551,367
Other Revenue $0
TOTAL REVENUE $16,350,700

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,399,157
Fundraising Expenses $18,758
Program Expenses $13,275,199
Other Expenses $5,459,583
TOTAL EXPENSES $14,858,740

Year-over-Year Comparison

2024 2023 Change
Revenue $16,350,700 $13,958,671 +0.2%
Expenses $14,858,740 $13,467,604 +0.1%
Net Income $1,491,960 $491,067 +2.0%
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
7
Independent Members
7
Employees
220
Volunteers
100

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
4
$196,005
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STACY ALTON SUPERINTENDENT 40.00
Officer
$187,925 $8,080 $196,005
SHEILA CRAFT President 2.00
Officer Director
$0 $0 $0
MARK RENFRO Treasurer 2.00
Officer Director
$0 $0 $0
JACOB MAKUVIRE BOARD MEMBER 2.00
Director
$0 $0 $0
SCOTT ARMENDARIZ Secretary 2.00
Officer Director
$0 $0 $0
STEVE STROBL BOARD MEMBER 2.00
Director
$0 $0 $0
MARNIE NELSON BOARD MEMBER 2.00
Director
$0 $0 $0
JAMIE-LYNN HARRIS BOARD MEMBER 2.00
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 $16,350,700 $14,858,740 $56,583,289 $1,491,960
2024 $13,958,671 $13,467,604 $29,821,708 $491,067
2023 $13,772,984 $13,020,474 $28,043,000 $752,510
2022 $12,471,078 $11,935,252 $24,409,285 $535,826
2021 $12,249,774 $10,450,977 $25,367,126 $1,798,797
2020 $11,458,034 $10,427,688 $23,451,377 $1,030,346
2019 $10,881,432 $9,972,749 $22,301,989 $908,683
2018 $9,220,436 $8,987,951 $22,193,966 $232,485
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