Foundation Preparatory Academy (EIN 463175065) - 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

2013

Legal Domicile

Tax Period

2024-07-01 to 2025-06-30

Foundation Preparatory Academy, founded in 2013, is a small nonprofit in the Education sector that reported $348K in total revenue in fiscal year 2024.

Mission

PROVIDE A COLLEGE-PREPARATORY EDUCATION IN A CHRISTIAN ENVIRONMENT THROUGH A UNIVERSITY-MODEL-SCHOOL - A BLEND OF TRADITIONAL PUBLIC AND PRIVATE SCHOOLS AND HOME SCHOOLS. CURRENTLY KINDERGARTEN - 12TH GRADE.

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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 $31,943

Program Service Revenue $264,831

Investment Income $5,002

Other Revenue $46,063

TOTAL REVENUE $347,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $247,283

Fundraising Expenses $0

Program Expenses $344,536

Other Expenses $97,253

TOTAL EXPENSES $344,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$347,839	$339,335	+0.0%
Expenses	$344,536	$331,849	+0.0%
Net Income	$3,303	$7,486	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WHITNEY REAVES	Chairman	4.00	Officer Director	$0	$0	$0
DEREK RESTER	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
J TODD REAVES	Treasurer	4.00	Officer Director	$0	$0	$0
RICCI ALLEN	Secretary	4.00	Officer Director	$0	$0	$0
STACEY RAYBURN	FAM. MIN. CHAIR	4.00	Officer Director	$0	$0	$0
LISA RESTER	MEMBER	2.00	Director	$0	$0	$0
JONATHAN KIRK	MEMBER	2.00	Director	$0	$0	$0
JANE POWER	MEMBER	2.00	Director	$0	$0	$0
CHRIS EDWARDS	MEMBER	2.00	Director	$0	$0	$0
TAMELA EDWARDS	MEMBER	2.00	Director	$0	$0	$0
ALLEN TRAFFORD	MEMBER	2.00	Director	$0	$0	$0
JASON MINTER	MEMBER	2.00	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	$347,839	$344,536	$137,679	$3,303
2024	$339,335	$331,849	$126,147	$7,486
2023	$281,493	$306,330	$137,745	$-24,837
2022	$263,473	$264,122	$162,582	$-649
2021	$255,534	$217,944	$164,116	$37,590
2020	$173,155	$207,248	$87,946	$-34,093
2019	$219,407	$229,991	$86,920	$-10,584
2018	$234,188	$224,184	$99,363	$10,004

Foundation Preparatory Academy