Village Preparatory School Woodland Hills

EIN: 452391437 501(c)(3) Education

Cleveland, OH

Total Revenue
$10,626,727
Total Expenses
$13,100,443
Total Assets
$15,628,742
Net Assets
$863,864
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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
2011
Legal Domicile
OH
Phone
2162981164
Tax Period
2024-07-01 to 2025-06-30

Village Preparatory School Woodland Hills, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $10.6M in total revenue in fiscal year 2024. Expenses of $13.1M exceeded revenue, resulting in a 23% operating deficit.

Mission

The Prep Schools mission is to provide a high quality, academically rigorous education for all college bound scholar. We empower our scholars to think critically, assumes social responsibility, and serve as advocates for themselves and the community.

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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 $8,965,098
Program Service Revenue $29,158
Investment Income $320,350
Other Revenue $1,312,121
TOTAL REVENUE $10,626,727

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,038,715
Fundraising Expenses $0
Program Expenses $9,117,138
Other Expenses $7,061,728
TOTAL EXPENSES $13,100,443

Year-over-Year Comparison

2024 2023 Change
Revenue $10,626,727 $10,389,310 +0.0%
Expenses $13,100,443 $10,820,805 +0.2%
Net Income $-2,473,716 $-431,495 +4.7%
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

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Governance

Voting Members
5
Independent Members
5
Employees
128
Volunteers
N/A

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
3
$0
Total Directors
5
$0
Key Employees
1
$99,729
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ronal Brownrigg Principal 40
Key Emp
$99,729 $0 $99,729
Aditi Garg Board Chair 0.50
Officer Director
$0 $0 $0
Michelle Harris Secretary 0.50
Officer Director
$0 $0 $0
Reggie Novak Finance Chair 0.50
Officer Director
$0 $0 $0
Cecil Lipscomb Board Member 0.50
Director
$0 $0 $0
Grady Burrows Board Member 0.50
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
2025 $10,626,727 $13,100,443 $15,628,742 $-2,473,716
2024 $10,392,124 $11,267,786 $18,175,818 $-875,662
2023 $13,709,043 $10,585,254 $19,408,848 $3,123,789
2022 $12,990,146 $8,625,572 $16,718,710 $4,364,574
2021 $9,693,591 $8,775,408 $8,730,734 $918,183
2020 $8,870,287 $9,186,223 $6,368,330 $-315,936
2019 $9,117,959 $8,289,706 $6,022,531 $828,253
2018 $5,259,813 $3,207,274 $4,123,449 $2,052,539
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