Lafayette Preparatory Academy Inc (EIN 274702106) - 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

2011

Legal Domicile

Principal Officer

Joe Olwig

Phone

3148804458

Tax Period

2024-07-01 to 2025-06-30

Lafayette Preparatory Academy Inc, founded in 2011, is a community nonprofit in the Education sector that reported $7.5M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 22% operating margin.

Mission

To prepare students for academic and collegiate success and to equip students to enter the world as active, responsible, and involved citizens and leaders.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,028,735

Program Service Revenue $246,459

Investment Income $183,500

Other Revenue $89,333

TOTAL REVENUE $7,548,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,223,602

Fundraising Expenses $0

Program Expenses $5,040,652

Other Expenses $1,669,479

TOTAL EXPENSES $5,893,081

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,548,027	$6,081,170	+0.2%
Expenses	$5,893,081	$5,477,174	+0.1%
Net Income	$1,654,946	$603,996	+1.7%

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

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

$163,469

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kacie Smart	Director	2.00	Director	$0	$0	$0
Michael Miller	Treasurer	5.00	Officer Director	$0	$0	$0
Paul Brown	Vice President	2.00	Officer Director	$0	$0	$0
Tina Grimes Left 1224	Director	2.00	Director	$0	$0	$0
Michelle Neals	Secretary	5.00	Officer Director	$0	$0	$0
Joe Olwig	President	2.00	Officer Director	$0	$0	$0
Mayra Taylor-Garcia	Director	2.00	Director	$0	$0	$0
Sarah Ranney	Executive Director	40.00	Officer	$153,269	$10,200	$163,469

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	$7,548,027	$5,893,081	$7,522,641	$1,654,946
2024	$6,081,170	$5,477,174	$5,963,078	$603,996
2023	$6,021,188	$4,866,781	$5,448,811	$1,154,407
2022	$5,123,323	$4,732,502	$4,379,025	$390,821
2021	$4,594,949	$4,177,285	$4,068,008	$417,664
2020	$4,367,876	$3,732,551	$3,694,782	$635,325
2019	$3,558,602	$3,077,954	$1,359,457	$480,648
2018	$2,956,790	$2,763,163	$1,327,366	$193,627

Lafayette Preparatory Academy Inc