PURPOSE PREPARATORY ACADEMY INC

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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

LAGRA NEWMAN

Phone

6157240705

Tax Period

2024-07-01 to 2025-06-30

PURPOSE PREPARATORY ACADEMY INC, founded in 2012, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $8.1M left a modest 11% surplus.

Mission

THROUGH RIGOROUS CURRICULUM, HIGH-QUALITY INSTRUCTION, AND POSITIVE CHARACTER DEVELOPMENT, PURPOSE PREPARATORY ACADEMY CHARTER SCHOOL ENSURES THAT ALL KINDERGARTEN THROUGH GRADE FOUR STUDENTS ACHIEVE THE ACADEMIC SKILLS, KNOWLEDGE, AND ETHICAL FOUNDATION TO BE SET ON THE PATH TO COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $5,046,548

PURPOSE PREP PROVIDES AN ACADEMICALLY CHALLENGING, DISCIPLINED, AND JOYFUL ELEMENTARY SCHOOL TO CHILDREN OF NASHVILLE. WITH AN INTENSIVE FOCUS ON THE ACQUISITION OF ESSENTIAL LITERACY SKILLS, PURPOSE PREP PROVIDES TARGETED AND RIGOROUS INSTRUCTION IN EACH CORE SUBJECT TO MEET THE ACADEMIC NEEDS OF EVERY SCHOLAR. PURPOSE PREP HOLDS SCHOLARS ACCOUNTABLE FOR DEMONSTRATING EXCELLENT BEHAVIOR BY TEACHING THEM THE CHARACTER SKILLS NECESSARY FOR THEIR SUCCESS, SPECIFICALLY THE SCHOOL'S RISE WITH PURPOSE VALUES - PURPOSE, RESPECT, INTEGRITY, SELF-DETERMINATION, AND 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,829,156

Program Service Revenue $0

Investment Income $238,567

Other Revenue $44,536

TOTAL REVENUE $9,112,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,694,473

Fundraising Expenses $2,606

Program Expenses $5,046,548

Other Expenses $3,433,515

TOTAL EXPENSES $8,127,988

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,112,259	$8,238,656	+0.1%
Expenses	$8,127,988	$7,497,737	+0.1%
Net Income	$984,271	$740,919	+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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$258,950

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLANDRA WATSON	CHAIR	1.00	Officer Director	$0	$0	$0
RYANN CASEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DALE MITCHELL	TREASURER	1.00	Officer Director	$0	$0	$0
AMY BROWN	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARMIN BATES	DIRECTOR	1.00	Director	$0	$0	$0
GIL BEVERLY	DIRECTOR	1.00	Director	$0	$0	$0
PERRY GOOCH	DIRECTOR	1.00	Director	$0	$0	$0
LARA HENLEY	DIRECTOR	1.00	Director	$0	$0	$0
KATHY NELSON	DIRECTOR	1.00	Director	$0	$0	$0
SALLIE NORTON	DIRECTOR	1.00	Director	$0	$0	$0
ROHIT PADMANABHAN	DIRECTOR	1.00	Director	$0	$0	$0
DOMONIQUE TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
LAGRA NEWMAN	HEAD OF SCHOOL	40.00	Officer	$252,976	$5,974	$258,950
BRANDY PUTNAM	DIRECTOR OF ACADEMICS	40.00	Highest	$131,635	$3,864	$135,499
TIKOYA BULLOCK	DEAN OF SCHOLARS	40.00	Highest	$116,366	$4,256	$120,622
BRANDON HUGHES	OPERATIONS MANAGER	40.00	Highest	$101,116	$2,932	$104,048
COURTNEY BROOKS	DIRECTOR OF CURRICULUM AND	40.00	Highest	$122,416	$8,746	$131,162
MACKENZIE FOX	DIRECTOR OF CURRICULUM AND	40.00	Highest	$106,530	$3,864	$110,394

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	$9,112,259	$8,127,988	$12,137,043	$984,271
2024	No data	No data	No data	No data
2023	$8,192,648	$7,279,267	$10,483,673	$913,381
2022	$7,881,900	$5,717,162	$10,740,534	$2,164,738
2021	$6,201,971	$4,197,169	$8,996,709	$2,004,802
2020	$4,804,689	$4,309,678	$6,780,437	$495,011
2019	$4,776,215	$4,347,981	$5,427,192	$428,234
2018	$4,335,910	$4,137,271	$5,237,042	$198,639