YORK PREPARATORY ACADEMY INC

EIN: 364641998 501(c)(3) Education

ROCK HILL, SC

Total Revenue
$22,558,300
Total Expenses
$23,103,497
Total Assets
$38,539,828
Net Assets
$1,473,249
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
SC
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 YORK PREPARATORY ACADEMY IS THAT ITS STUDENTS POSSESS THE KNOWLEDGE, SKILLS, CHARACTER, AND DETERMINATION NECESSARY TO EXCEL IN THEIR CHOSEN POST-SECONDARY PURSUITS IN LIFE.

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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 $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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Governance

Voting Members
7
Independent Members
7
Employees
332
Volunteers
40

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
8
$1,082,091
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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