RICHARD ALLEN PREPARATORY ACADEMY

EIN: 311690658 501(c)(3) Education

DAYTON, OH

Total Revenue
$6,885,451
Total Expenses
$7,617,172
Total Assets
$5,343,979
Net Assets
$-1,721,322
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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
1999
Legal Domicile
OH
Principal Officer
TODD JOHNSON
Phone
9375869500
Tax Period
2024-07-01 to 2025-06-30

RICHARD ALLEN PREPARATORY ACADEMY, founded in 1999, is a community nonprofit in the Education sector that reported $6.9M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $7.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

RICHARD ALLEN SCHOOLS ARE COMMITTED TO EDUCATING STUDENTS IN THE SPIRIT OF THE LIFE OF THE COURAGEOUS LEADER, BISHOP RICHARD ALLEN. CONSEQUENTLY, INTEGRAL TO THEIR INTELLECTUAL, MORAL, AND SOCIAL DEVELOPMENT, RICHARD ALLEN GRADUATES: DEMONSTRATE ACADEMIC PROFICIENCY, DEMONSTRATE SELF-DISCIPLINE AND SELF-RELIANCE, RESPECT THE WORTH AND DIGNITY OF SELF AND OTHERS, EMBRACE RESPONSIBILITY, ACTIVE CITIZENRY, SERVE OTHERS: ESPECIALLY THE DISADVANTAGED, AND WORK TO ACHIEVE THEIR FULL POTENTIAL.

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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 $5,214,246
Program Service Revenue $1,419,860
Investment Income $52,731
Other Revenue $198,614
TOTAL REVENUE $6,885,451

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,604,931
Fundraising Expenses $0
Program Expenses $7,617,172
Other Expenses $2,012,241
TOTAL EXPENSES $7,617,172

Year-over-Year Comparison

2024 2023 Change
Revenue $6,885,451 $8,826,609 -0.2%
Expenses $7,617,172 $7,788,881 0.0%
Net Income $-731,721 $1,037,728 -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

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Governance

Voting Members
5
Independent Members
5
Employees
80
Volunteers
5

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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURIE QUILL MEMBER 1.00
Director
$0 $0 $0
CONNIE MELSON MEMBER 1.00
Director
$0 $0 $0
COREY LYNN PATTON MEMBER 1.00
Director
$0 $0 $0
SANDRA KIDD MEMBER 1.00
Director
$0 $0 $0
RHINE MCLIN PRESIDENT 1.00
Director
$0 $0 $0
TODD JOHNSON TREASURER 10.00
Officer
$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 $6,885,451 $7,617,172 $5,343,979 $-731,721
2024 No data No data No data No data
2023 $6,567,570 $6,330,776 $5,407,212 $236,794
2022 $5,759,093 $5,632,867 $4,965,705 $126,226
2021 $6,003,196 $5,097,236 $2,726,410 $905,960
2020 $4,612,430 $4,464,833 $1,796,635 $147,597
2019 $4,344,777 $4,426,144 $1,700,318 $-81,367
2018 $4,345,193 $4,656,026 $2,077,481 $-310,833
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