THE MASTERS PREPARATORY ACADEMY

EIN: 452651490 501(c)(3) Education

Columbus, OH

Total Revenue
$312,523
Total Expenses
$300,979
Total Assets
$40,337
Net Assets
$40,337
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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
2015
Legal Domicile
OH
Principal Officer
ROBERT MURPHY
Tax Period
2023-07-01 to 2024-06-30

THE MASTERS PREPARATORY ACADEMY, founded in 2015, is a small nonprofit in the Education sector that reported $313K in total revenue in fiscal year 2023. Revenue surged 184% from the prior year, signaling strong growth momentum. Expenses of $301K left a modest 4% surplus.

Mission

The Master Academy is an all male board school designed to serve African American boys from across the state of Ohio and surrounding states. students will learn the methods and skills of high academic excellence.

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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 (2023)

Revenue Breakdown

Contributions & Grants $312,523
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $312,523

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $300,980
Other Expenses $300,979
TOTAL EXPENSES $300,979

Year-over-Year Comparison

2023 2022 Change
Revenue $312,523 $110,206 +1.8%
Expenses $300,979 $92,809 +2.2%
Net Income $11,544 $17,397 -0.3%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
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
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR MARLISSA STAFFER BOARD CHAIRMAN 005.00
Officer Director
$0 $0 $0
DR JOHN TYUS CO BORAD CHAIR 005.00
Officer Director
$0 $0 $0
CAROLYN MURPHY SECRETARY 007.00
Director
$0 $0 $0
TIM BROWN MEMBER 002.00
Director
$0 $0 $0
JAMES WHITE MEMBER 002.00
Director
$0 $0 $0
JAMES RAGLAND EXOFFICO MEMBER N/A
Director
$0 $0 $0
JASPER PERSON EXOFFICO MEMBER N/A
Director
$0 $0 $0
DR ROBERT MURPHY CEO 010.00
Officer 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 $312,523 $300,979 $40,337 $11,544
2024 No data No data No data No data
2023 $110,206 $92,809 $28,793 $17,397
2022 $110,206 $92,809 $28,793 $17,397
2021 $123,819 $153,674 $11,396 $-29,855
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