YORK PREPARATORY ACADEMY INC

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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

2010

Legal Domicile

Principal Officer

IAN LAWRENCE

Phone

8033259719

Tax Period

2024-07-01 to 2025-06-30

YORK PREPARATORY ACADEMY INC, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $22.6M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE YORK PREPARATORY ACADEMY (YPA) IS FOR THE FACULTY, STAFF, STUDENTS, PARENTS, AND COMMUNITY TO PROVIDE AN ENGAGED LEARNING ENVIRONMENT THAT LEADS TO THE SUCCESS OF EACH INDIVIDUAL STUDENT, WHILE ALSO CHALLENGING THESE STUDENTS TO BECOME LIFE-LONG LEARNERS, INDEPENDENT THINKERS, RESPECTFUL INDIVIDUALS, AND RESPONSIBLE CITIZENS THUS PREPARING THEM FOR A 21ST CENTURY GLOBAL ECONOMY WITH THIS MISSION, IN ACCORDANCE WITH THE SOUTH CAROLINA CHARTER SCHOOLS ACT, YPA WILL IMPROVE STUDENT LEARNING, INCREASE LEARNING OPPORTUNITIES, UTILIZE PRODUCTIVE TEACHING METHODS, ESTABLISH NEW FORMS OF ACCOUNTABILITY FOR SCHOOLS, CREATE NEW PROFESSIONAL OPPORTUNITIES FOR TEACHERS. TO SUCCEED IN THIS MISSION, THE INDIVIDUAL NEED OF EACH LEARNER IS THE CORE OF YPA'S MISSION STRIVING TOWARD SOUTH CAROLINAS GOAL OF ACHIEVING EXCELLENCE THROUGH INDIVIDUAL SUCCESSES WITH EVERY CHILD SERVED.

Program Service Accomplishments

Program 1

Expenses: $5,589,177 Revenue: $1,031,939

BUILDING A STRONG BASE OF ACADEMICS AS SHOWN WITH 3RD GRADE READING PROFICIENCY SCORES ABOVE 70%.

Program 2

Expenses: $5,589,177

ESTABLISHING A FOCUS ON INDIVIDUAL STUDENT GROWTH WHICH HAS BEEN RECOGNIZED BY THE AWARDING OF THE NATIONAL BLUE RIBBON AWARD, AN AWARD GIVEN TO THE TOP 1% OF SCHOOLS NATIONALLY.

Program 3

Expenses: $5,589,176

HELPING STUDENTS BE SUCCESSFUL WITH A GRADUATION RATE BETWEEN 95-100 FOR 8 CONSECUTIVE YEARS EARNING THE SCHOOL RECOGNITION AS ONE OF US NEWS TOP HIGH SCHOOLS.

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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 $20,883,662

Program Service Revenue $1,031,939

Investment Income $636,948

Other Revenue $5,751

TOTAL REVENUE $22,558,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,847,528

Fundraising Expenses $0

Program Expenses $16,767,530

Other Expenses $7,255,969

TOTAL EXPENSES $23,103,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,558,300	$19,514,184	+0.2%
Expenses	$23,103,497	$23,608,730	0.0%
Net Income	$-545,197	$-4,094,546	-0.9%

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

332

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

$1,082,091

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT SMITH	CHAIR	3.00	Officer Director	$0	$0	$0
STACY CHALMERS	VICE CHAIR	3.00	Director	$0	$0	$0
IAN LAWRENCE	FINANCE CHAIR	3.00	Director	$0	$0	$0
JOE MEDLIN	SECRETARY	3.00	Director	$0	$0	$0
CRAIG CRAZE	MEMBER AT LARGE	3.00	Director	$0	$0	$0
GWEN MUGABE	MEMBER AT LARGE	3.00	Director	$0	$0	$0
KATIE FOWLER	MEMBER AT LARGE	3.00	Director	$0	$0	$0
BRIAN MYRUP	MANAGING DIRECTOR	40.00	Officer	$210,956	$20,393	$231,349
KIM TAYLOR	CFO	40.00	Officer	$149,778	$17,142	$166,920
LANNY ADAMSON	DIRECTOR OF STUDENT AND FAMILY SUPPORT	40.00	Officer	$143,371	$16,980	$160,351
RYAN BRIDGES	DIRECTOR OF OPERATIONS	40.00	Officer	$110,234	$11,492	$121,726
SCOTT BARR	DIRECTOR OF SPECIAL SERVICES	40.00	Officer	$117,525	$21,394	$138,919
JENNIFER MCGUGAN	ELEMENTARY PRINCIPAL	40.00	Officer	$115,280	$15,561	$130,841
RICHARD SHEPARD	HIGH SCHOOL PRINCIPAL	40.00	Officer	$110,924	$21,061	$131,985

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	$22,558,300	$23,103,497	$38,539,828	$-545,197
2024	$19,514,184	$23,608,730	$40,108,877	$-4,094,546
2023	$21,510,623	$21,418,407	$46,076,807	$92,216
2022	$19,880,762	$20,023,511	$46,250,358	$-142,749
2021	$17,714,990	$16,358,729	$39,254,137	$1,356,261
2020	$16,411,361	$15,311,742	$38,278,555	$1,099,619
2019	$15,761,939	$14,903,514	$37,674,270	$858,425
2018	$14,794,519	$13,297,615	$37,182,552	$1,496,904