PURPOSE PREPARATORY ACADEMY INC (EIN 460693776) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

LAGRA NEWMAN

Phone

6157240705

Tax Period

2022-07-01 to 2023-06-30

PURPOSE PREPARATORY ACADEMY INC, founded in 2012, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2022. Expenses of $7.3M left a modest 11% surplus.

Mission

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

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $8,061,499

Program Service Revenue $0

Investment Income $106,380

Other Revenue $24,769

TOTAL REVENUE $8,192,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,900,406

Fundraising Expenses $92,524

Program Expenses $4,570,311

Other Expenses $3,378,861

TOTAL EXPENSES $7,279,267

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,192,648	$7,881,900	+0.0%
Expenses	$7,279,267	$5,717,162	+0.3%
Net Income	$913,381	$2,164,738	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

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
PERRY GOOCH	DIRECTOR	1.00	Director	$0	$0	$0
SALLY NORTON	DIRECTOR	1.00	Director	$0	$0	$0
MATT HANCOCK	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
ROHIT PADMANABHAN	DIRECTOR	1.00	Director	$0	$0	$0
DOMONIQUE TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
AMY BROWN	SECRETARY	1.00	Officer Director	$0	$0	$0
DALE MITCHELL	TREASURER	1.00	Officer Director	$0	$0	$0
RYANN CASEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SHAUNA RUSSELL	DIRECTOR OF ACADEMICS	40.00	Highest	$100,072	$12,199	$112,271

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	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

PURPOSE PREPARATORY ACADEMY INC