ROCKY MOUNT PREPARATORY SCHOOL INC (EIN 311601003) - 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

1998

Legal Domicile

Principal Officer

KEEN GRAVELY

Phone

2524439923

Tax Period

2023-07-01 to 2024-06-30

ROCKY MOUNT PREPARATORY SCHOOL INC, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $10.8M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

OPERATION OF A NORTH CAROLINA CHARTER SCHOOL.

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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 $10,552,024

Program Service Revenue $65,328

Investment Income $54,120

Other Revenue $126,777

TOTAL REVENUE $10,798,249

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,984,053

Fundraising Expenses $0

Program Expenses $8,435,058

Other Expenses $3,900,754

TOTAL EXPENSES $10,884,807

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,798,249	$11,590,744	-0.1%
Expenses	$10,884,807	$12,056,763	-0.1%
Net Income	$-86,558	$-466,019	-0.8%

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

243

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

$68,876

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEEN GRAVELY	CHAIR	1.00	Officer Director	$0	$0	$0
SHELAYNA PARKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MIKE LATHAM	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES DAVIS	MEMBER	1.00	Director	$0	$0	$0
JEAN KITCHIN	MEMBER	1.00	Director	$0	$0	$0
DR HEATHER COLLINS	HEAD OF SCHOOL	40.00	Officer	$68,876	$0	$68,876

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	$10,798,249	$10,884,807	$6,684,131	$-86,558
2023	$11,590,744	$12,056,763	$7,423,697	$-466,019
2022	$11,070,184	$11,680,461	$8,425,694	$-610,277
2021	$9,925,220	$9,348,257	$9,351,115	$576,963

ROCKY MOUNT PREPARATORY SCHOOL INC