LAKE ERIE COLLEGE PREP SCHOOL (EIN 454500966) - 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

2012

Legal Domicile

Principal Officer

C David Massa

Phone

2164534556

Tax Period

2024-07-01 to 2025-06-30

LAKE ERIE COLLEGE PREP SCHOOL, founded in 2012, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

Our mission is to prepare students for a college preparatory high school that will ensure success and graduation from a four year college.

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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 $3,885,545

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,885,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,395,553

Fundraising Expenses $0

Program Expenses $4,501,437

Other Expenses $3,105,884

TOTAL EXPENSES $4,501,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,885,545	$4,464,722	-0.1%
Expenses	$4,501,437	$4,328,894	+0.0%
Net Income	$-615,892	$135,828	-5.5%

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

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

Total Directors

$6,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Contae Bentley	Board Member	1.0	Director	$1,000	$0	$1,000
Courtney Perry	Board Member	1.00	Director	$1,000	$0	$1,000
Carla Saunders	Board Member	1.0	Director	$900	$0	$900
Jennfer Lastery	Board Member	1.0	Director	$900	$0	$900
Ariel Watts	Board Member	1.0	Director	$900	$0	$900
Robert Parina	Board Member	1.0	Director	$900	$0	$900
Laurie Murphy	Board Member	1.0	Director	$900	$0	$900

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	$3,885,545	$4,501,437	$5,882,938	$-615,892
2024	$4,464,722	$4,328,894	$6,268,410	$135,828
2023	$4,077,963	$4,222,487	$6,255,998	$-144,524
2022	$4,164,833	$3,614,378	$6,079,832	$550,455
2021	$3,571,690	$3,224,041	$1,030,643	$347,649
2020	$2,931,365	$2,803,181	$690,272	$128,184
2019	$2,668,507	$2,656,420	$985,405	$12,087
2018	$2,575,825	$1,794,610	$1,361,341	$781,215

LAKE ERIE COLLEGE PREP SCHOOL