BRIDGES PREPARATORY SCHOOL

EIN: 460847332 501(c)(3) Education

BEAUFORT, SC

Total Revenue
$18,566,412
Total Expenses
$18,783,734
Total Assets
$52,617,783
Net Assets
$7,453,002
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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
SC
Principal Officer
TOM ANGELO
Phone
8439827737
Tax Period
2024-07-01 to 2025-06-30

BRIDGES PREPARATORY SCHOOL, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $18.6M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE BRIDGES PREPARATORY SCHOOL MISSION IS TO PROVIDE STUDENTS EQUAL ACCESS TO A HIGH QUALITY K-12 WHOLE CHILD EDUCATION THAT MAXIMIZES ACADEMIC EXCELLENCE AND STRENGTH OF CHARACTER IN A STUDENT-CENTERED LEARNING ENVIRONMENT CREATED BY A FACULTY OF LIFELONG LEARNERS.

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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 $17,362,063
Program Service Revenue $789,092
Investment Income $315,095
Other Revenue $100,162
TOTAL REVENUE $18,566,412

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,534,753
Fundraising Expenses $0
Program Expenses $13,118,419
Other Expenses $6,248,981
TOTAL EXPENSES $18,783,734

Year-over-Year Comparison

2024 2023 Change
Revenue $18,566,412 $16,857,073 +0.1%
Expenses $18,783,734 $16,669,840 +0.1%
Net Income $-217,322 $187,233 -2.2%
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
153
Volunteers
373

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
2
$0
Total Directors
10
$201,627
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM ANGELO BOARD CHAIR 5.00
Officer Director
$0 $0 $0
BRYAN MERRICK VICE CHAIR 5.00
Officer Director
$0 $0 $0
DUSTIN DUCKETT TREASURER 5.00
Director
$0 $0 $0
JONATHAN BROWN SECRETARY 5.00
Director
$0 $0 $0
JOSHUA YERACE MEMBER 5.00
Director
$0 $0 $0
WILLIAM ABBOTT MEMBER 5.00
Director
$0 $0 $0
AMANDA JONES MEMBER 5.00
Director
$0 $0 $0
ANNA BECKHAM MEMBER 5.00
Director
$0 $0 $0
GARY MCCULLOCH HEAD OF SCHOOL 40.00
Director
$176,741 $24,886 $201,627
MATT PHIFER MEMBER 5.00
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
2025 $18,566,412 $18,783,734 $52,617,783 $-217,322
2024 No data No data No data No data
2023 $15,162,384 $15,158,571 $41,424,115 $3,813
2022 $13,934,070 $12,177,860 $41,804,496 $1,756,210
2021 $11,675,095 $9,932,502 $36,060,000 $1,742,593
2020 $7,604,110 $7,697,349 $26,812,333 $-93,239
2019 $6,536,516 $6,009,560 $18,418,846 $526,956
2018 $5,983,141 $5,137,531 $5,778,063 $845,610
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