THE PREP INC (EIN 371741595) - 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

2013

Principal Officer

RON SALZMAN

Tax Period

2024-01-01 to 2024-12-31

THE PREP INC, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $407K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE AND FOSTER THE GROWTH OF YOUTH THROUGH TEAM SPORTS, PERSONAL TRAINING, AND EDUCATION, AS WELL AS PROVIDE COMMUNITY OUTREACH TO BOYS AND GIRLS IN THE GREATER TAMPA BAY AREA.

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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 $72,578

Program Service Revenue $314,886

Investment Income $19,512

Other Revenue $0

TOTAL REVENUE $406,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,331

Fundraising Expenses $0

Program Expenses $432,772

Other Expenses $383,316

TOTAL EXPENSES $436,647

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,976	$1,224,861	-0.7%
Expenses	$436,647	$1,126,989	-0.6%
Net Income	$-29,671	$97,872	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON SALZMAN	EXECUTIVE DI	20.00	Officer	$0	$0	$0
HAMILTON JONES	DIRECTOR	8.00	Director	$0	$0	$0
ERIC BUSSER	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE GUIDA	DIRECTOR	1.00	Director	$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
2024	$406,976	$436,647	$564,625	$-29,671
2023	$1,224,861	$1,126,989	$595,596	$97,872
2022	$1,436,350	$1,256,380	$496,424	$179,970
2021	$1,277,580	$1,081,923	$316,454	$195,657
2020	$827,712	$776,414	$154,912	$51,298
2019	$975,568	$965,954	$72,199	$9,614
2018	$768,760	$729,996	$61,908	$38,764

THE PREP INC