FRIENDS OF THE PRESTON ACADEMY INC (EIN 311542170) - 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

1997

Legal Domicile

Principal Officer

SUSAN MILLER

Phone

3047774061

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE PRESTON ACADEMY INC, founded in 1997, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $6K in total revenue in fiscal year 2024. Revenue surged 364% from the prior year, signaling strong growth momentum. Net assets of $535K represent 1132 months of operating reserves.

Mission

RESTORE AND PRESERVE PRESTON ACADEMY BUILDING

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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 $5,668

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,530

Other Expenses $5,775

TOTAL EXPENSES $5,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,668	$1,221	+3.6%
Expenses	$5,775	$4,564	+0.3%
Net Income	$-107	$-3,343	-1.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
FRED CONLEY	DIRECTOR	2.00	Director	$0	$0	$0
DEE NESTOR	DIRECTOR	2.00	Director	$0	$0	$0
PEGGY FORTNEY	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA MOORE	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN MILLER	PRESIDENT	8.00	Officer Director	$0	$0	$0
CHERYL WOLFE	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
SHARYN UREY	SECRETARY	2.00	Officer Director	$0	$0	$0
JASON JENKINS	TREASURER	2.00	Officer 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
2024	$5,668	$5,775	$554,907	$-107
2023	$1,221	$4,564	$555,014	$-3,343
2022	$34,843	$4,768	$558,356	$30,075
2021	$10,877	$7,458	$528,281	$3,419
2020	$2,418	$2,676	$524,862	$-258
2019	$2,033	$2,723	$525,119	$-690
2018	$3,249	$4,711	$525,809	$-1,462

FRIENDS OF THE PRESTON ACADEMY INC