THE PREP INC

EIN: 371741595 501(c)(3) Recreation & Sports

TAMPA, FL

Total Revenue
$406,976
Total Expenses
$436,647
Total Assets
$564,625
Net Assets
$564,625
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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.

Program Service Accomplishments

Program 1
Expenses: $432,772 Revenue: $314,886

THE ORGANIZATION PROMOTES AND FOSTERS THE GROWTH OF YOUTH BASEBALL, SOFTBALL, AND BASKETBALL AS FORMS OF RECREATIONAL AND COMPETITIVE PHYSICAL DEVELOPMENT,AS WELL AS PROVIDES COMMUNITY OUTREACH TO...

Read more

THE ORGANIZATION PROMOTES AND FOSTERS THE GROWTH OF YOUTH BASEBALL, SOFTBALL, AND BASKETBALL AS FORMS OF RECREATIONAL AND COMPETITIVE PHYSICAL DEVELOPMENT,AS WELL AS PROVIDES COMMUNITY OUTREACH TO BOYS AND GIRLS IN THE GREATER TAMPA BAY AREA WITH EQUAL OPPORTUNITY TO PARTICIPATE AT THEIR INDIVIDUAL SKILL AND ABILITY LEVEL. THE ORGANIZATION PROVIDES COACHING AND SKILLS TRAINING FOR BASEBALL, SOFTBALL, AND BASKETBALL TEAMS IN THE TAMPA BAY AREA UNDER THE PROPER RULES AND REGULATIONS OF THE SPORTS. THE ORGANIZATION PROMOTES THROUGH THE ACTIONS, ATTITUDE, AND LEADERSHIP OF ITS PARTICIPANTS THE IDEAL OF GOOD SPORTSMANSHIP, AND RESPECT FOR PLAYERS, COACHES, OFFICIALS, AND ADMINISTRATORS. THE ORGANIZATION CREATES ENHANCED OPPORTUNITIES FOR YOUNG ATHLETES TO PARTICIPATE IN LEAGUES, TOURNAMENTS, AND COMPETITIVE EVENTS THAT WILL ENABLE SUCH ATHLETES TO DEVELOP THEIR BASEBALL, SOFTBALL, AND BASKETBALL SKILLS TO THEIR MAXIMUM POTENTIAL. THE ORGANIZATION PROVIDES PERSONAL TRAINING FOCUSED ON PROPER YOUTH AND ADULT EXERCISE FORM, EFFECTIVE AND INNOVATIVE WORKOUT ROUTINES, MODALITIES (CROSSFIT, MUSCLE CONFUSION, ETC.), AND NUTRITION PLANNING THAT ENHANCES THE ATHLETE'S HEALTH, WELLNESS, AND EFFICACY. THE ORGANIZATION OFFERS ACADEMIC MENTORING SERVICES AND DELIVERS EDUCATIONAL OPPORTUNITIES THROUGH ACADEMIC TUTORING, NUTRITIONAL SEMINARS, AND TEAM-BUILDING WORKSHOPS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
4
Volunteers
8

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
3
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE PREP INC with other nonprofits in Florida and across the country.