MORGAN PARK ACADEMY (EIN 361502650) - 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

1942

Legal Domicile

Principal Officer

KISHORE PALURI

Phone

7738816700

Tax Period

2022-07-01 to 2023-06-30

MORGAN PARK ACADEMY, founded in 1942, is a mid-sized nonprofit in the Education sector that reported $10.2M in total revenue in fiscal year 2022.

Mission

A PRIVATE INDEPENDENT SCHOOL FOR PRE-SCHOOL - 12TH GRADE

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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 (2022)

Revenue Breakdown

Contributions & Grants $778,545

Program Service Revenue $9,332,207

Investment Income $24,304

Other Revenue $35,242

TOTAL REVENUE $10,170,298

Expense Breakdown

Grants Paid $2,610,684

Salaries & Benefits $4,884,804

Fundraising Expenses $131,667

Program Expenses $8,685,755

Other Expenses $2,402,459

TOTAL EXPENSES $9,897,947

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,170,298	$9,629,614	+0.1%
Expenses	$9,897,947	$9,436,714	+0.0%
Net Income	$272,351	$192,900	+0.4%

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

166

Volunteers

150

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

$341,228

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KISHORE PALURI	BOARD PRESIDENT	4.00	Officer Director	$0	$0	$0
ELGIE SIMS	BOARD VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
TORRENCE MOORE	BOARD TREASURER	4.00	Officer Director	$0	$0	$0
ANDREA DURBIN	BOARD SECRETARY	4.00	Officer Director	$0	$0	$0
MARCUS CRAWFORD	BOARD MEMBER	4.00	Director	$0	$0	$0
AMY DELANEY	BOARD MEMBER	4.00	Director	$0	$0	$0
KARIN NORINGTON-REAVES	BOARD MEMBER	4.00	Director	$0	$0	$0
MERCEDES SHEPPARD	HEAD OF SCHOOL	50.00	Officer	$216,720	$4,351	$221,071
JULIE CUADROS-PERRY	DIRECTOR OF FINANCE	40.00	Officer	$100,806	$19,351	$120,157
VINCENT HERMOSILLA	ASSISTANT HEAD OF SCHOOL	40.00	Highest	$110,224	$2,037	$112,261

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	No data	No data	No data	No data
2023	$10,170,298	$9,897,947	$7,415,029	$272,351
2022	$9,629,614	$9,436,714	$7,353,923	$192,900
2021	$9,101,718	$8,579,966	$7,400,655	$521,752
2020	$8,280,637	$8,535,627	$7,408,459	$-254,990
2019	$8,692,433	$8,682,189	$7,594,554	$10,244
2018	$9,440,077	$8,357,349	$7,718,190	$1,082,728

MORGAN PARK ACADEMY