American Preparatory Education

EIN: 454568023 501(c)(3) Education

Draper, UT

Total Revenue
$408,403
Total Expenses
$463,547
Total Assets
$2,017,729
Net Assets
$2,015,260
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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
UT
Principal Officer
Kevin McVicar
Phone
8016611928
Tax Period
2024-01-01 to 2024-12-31

American Preparatory Education, founded in 2012, is a small nonprofit in the Education sector that reported $408K in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. Expenses of $464K exceeded revenue, resulting in a 14% operating deficit.

Mission

Provide energy, focus and expertise to raise funds for capital improvements, program enhancements and scholarships to students, parents and educators connected with APA schools. Enhance the APA experience for students through afterschool programs and college preparation.

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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 $107,763
Program Service Revenue $185,633
Investment Income $25,738
Other Revenue $89,269
TOTAL REVENUE $408,403

Expense Breakdown

Grants Paid $0
Salaries & Benefits $58,936
Fundraising Expenses $41,987
Program Expenses $232,288
Other Expenses $404,611
TOTAL EXPENSES $463,547

Year-over-Year Comparison

2024 2023 Change
Revenue $408,403 $209,399 +1.0%
Expenses $463,547 $224,363 +1.1%
Net Income $-55,144 $-14,964 +2.7%
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
7
Independent Members
7
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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kevin McVicar Chair 1.00
Officer Director
$0 $0 $0
Howard Headlee Director 1.00
Director
$0 $0 $0
Gwendolyn Hortin Vice Chair 1.00
Officer Director
$0 $0 $0
Stephen Smith Director 1.00
Director
$0 $0 $0
Brian Hanks Director 1.00
Director
$0 $0 $0
Peggy Calda Director 1.00
Director
$0 $0 $0
Rachana Hegde Director 1.00
Director
$0 $0 $0
Chalene Spalding N/A 0.00
Officer
$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 No data No data No data No data
2024 $408,403 $463,547 $2,017,729 $-55,144
2023 $209,399 $224,363 $1,993,698 $-14,964
2022 $699,099 $215,829 $2,008,662 $483,270
2021 $785,139 $149,017 $1,542,750 $636,122
2020 $234,901 $440,015 $1,065,630 $-205,114
2019 $816,376 $1,154,187 $1,332,425 $-337,811
2018 $1,150,341 $589,628 $1,912,432 $560,713
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