LIFE PREP ACADEMY ROGER CHAMBERLAIN

EIN: 463682071 501(c)(3)

SPRING LAKE PARK, MN

Total Revenue
$-139,319
Total Expenses
$2,021
Total Assets
N/A
Net Assets
N/A
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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
2016
Legal Domicile
MN
Principal Officer
ROGER CHAMBERLAIN
Phone
7632032015
Tax Period
2021-01-01 to 2021-04-30

LIFE PREP ACADEMY ROGER CHAMBERLAIN, founded in 2016, is a micro nonprofit that reported $139K in total revenue in fiscal year 2020. Revenue fell 350% from the prior year — a significant decline worth monitoring.

Mission

WE ARE DEDICATED TO HELPING OUR STUDENTS DEVELOP INTO RESPONSIBLE, CARING AND SELF-SUFFICIENT INDIVIDUALS, PREPARED TO LEAD HAPPY AND PRODUCTIVE LIVES. OUR GOAL IS TO HELP TEENS REACH THEIR POTENTIAL INTELLECTUALLY, EMOTIONALLY, SOCIALLY, PHYSICALLY AND SPIRITUALLY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $28
Program Service Revenue $0
Investment Income $-139,347
Other Revenue $0
TOTAL REVENUE $-139,319

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,737
Other Expenses $2,021
TOTAL EXPENSES $2,021

Year-over-Year Comparison

2020 2019 Change
Revenue $-139,319 $55,693 -3.5%
Expenses $2,021 $70,995 -1.0%
Net Income $-141,340 $-15,302 +8.2%
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
5
Independent Members
5
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JODI BURNSIDE BOARD MEMBER 5.00
Director
$0 $0 $0
ROGER CHAMBERLAIN FINANCIAL DI 5.00
Director
$0 $0 $0
RON HANSON BOARD MEMBER 5.00
Director
$0 $0 $0
ANTHONY MEZZENGA BOARD MEMBER 5.00
Director
$0 $0 $0
PAM WOLF SLADEK DIRECTOR 20.00
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
2021 $-139,319 $2,021 No data $-141,340
2020 $55,693 $70,995 $141,340 $-15,302
2019 $57,533 $59,199 $156,642 $-1,666
2018 $99,688 $93,688 $158,308 $6,000
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