FL Templeton Preparatory Academy Inc

EIN: 274106131 501(c)(3) Education

Baltimore, MD

Total Revenue
$8,018,152
Total Expenses
$8,335,011
Total Assets
$5,880,909
Net Assets
$3,699,120
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MD
Principal Officer
Rosalind Lockwood
Phone
4103960882
Tax Period
2024-07-01 to 2025-06-30

FL Templeton Preparatory Academy Inc, founded in 2011, is a community nonprofit in the Education sector that reported $8.0M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

Prepare our youth for the 21st century while giving them the opportunity to learn, love, and live by accelerating the opportunities for our children and demanding excellence from students, staff, 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 $3,138,610
Program Service Revenue $4,879,487
Investment Income $55
Other Revenue $0
TOTAL REVENUE $8,018,152

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,487,700
Fundraising Expenses $0
Program Expenses $7,737,899
Other Expenses $1,847,311
TOTAL EXPENSES $8,335,011

Year-over-Year Comparison

2024 2023 Change
Revenue $8,018,152 $8,797,298 -0.1%
Expenses $8,335,011 $7,732,754 +0.1%
Net Income $-316,859 $1,064,544 -1.3%
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

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Governance

Voting Members
9
Independent Members
8
Employees
6
Volunteers
20

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
6
$373,088
Total Directors
9
$87,832
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rosalind Lockwood Executive Dir. 40.00
Officer
$211,486 $0 $211,486
Denia Payton Business Mgr. 1.00
Officer
$6,000 $21,575 $161,602
Damian L Jones Director 1.00
Director
$0 $21,575 $87,832
Wanda Best President 1.00
Officer Director
$0 $0 $0
Florine McCready Vice President 1.00
Officer Director
$0 $0 $0
Brett McAlily Treasurer 1.00
Officer Director
$0 $0 $0
Darryl DeSousa Director 1.00
Director
$0 $0 $0
B Christina Quinones Director 1.00
Director
$0 $0 $0
Eric T Costello Director 1.00
Director
$0 $0 $0
Richard Barth Secretary 1.00
Officer Director
$0 $0 $0
ER Shipp Director 1.00
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 $8,018,152 $8,335,011 $5,880,909 $-316,859
2024 No data No data No data No data
2023 $7,759,507 $7,018,006 $3,680,108 $741,501
2022 $6,346,529 $6,145,993 $2,272,064 $200,536
2021 $6,268,189 $5,980,850 $2,052,752 $287,339
2020 $5,877,519 $5,725,595 $1,810,729 $151,924
2019 $5,539,989 $5,942,574 $1,689,082 $-402,585
2018 $5,764,845 $5,788,937 $2,006,937 $-24,092
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