Foundation Preparatory Charter School (EIN 464910477) - 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

2014

Legal Domicile

Phone

5044340521

Tax Period

2019-07-01 to 2020-06-30

Foundation Preparatory Charter School, founded in 2014, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2019. Revenue surged 114% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 15% surplus.

Mission

To provide an excellent, equitable education to all students, regardless of demographic profile or previous academic history.

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,603,977

Program Service Revenue $2,769,139

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,373,116

Expense Breakdown

Grants Paid $400,000

Salaries & Benefits $2,058,362

Fundraising Expenses $0

Program Expenses $3,327,055

Other Expenses $1,262,288

TOTAL EXPENSES $3,720,650

Year-over-Year Comparison

	2019	2018	Change
Revenue	$4,373,116	$2,048,283	+1.1%
Expenses	$3,720,650	$2,214,342	+0.7%
Net Income	$652,466	$-166,059	-4.9%

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

N/A

Employees

Volunteers

N/A

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
Myrialis King	School Leader	40.00		$63,215	$0	$63,215
Brooke Wyatt	President	1.00	Officer Director	$0	$0	$0
Peter Jones	Director	1.00	Director	$0	$0	$0
Adrian Celestin	Secretary	1.00	Officer Director	$0	$0	$0
Daniel Waldman	Director	1.00	Director	$0	$0	$0
Kristyna Jones	Director	1.00	Director	$0	$0	$0
Meghan Turner	Director	1.00	Director	$0	$0	$0
Erin Rigsby	Director	1.00	Director	$0	$0	$0
Mark Heck	Director	1.00	Director	$0	$0	$0
Scott Champagne	Treasurer	1.00	Officer 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
2020	$4,373,116	$3,720,650	$1,164,762	$652,466
2019	$2,048,283	$2,214,342	$510,571	$-166,059

Foundation Preparatory Charter School