GRACE PREPARATORY ACADEMY OF GREATER BOSTON INC

EIN: 465754216 501(c)(3) Education

BRIGHTON, MA

Total Revenue
$354,941
Total Expenses
$343,381
Total Assets
$97,046
Net Assets
$83,602
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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
MA
Principal Officer
JENNA WERTHEIMER
Phone
6179037959
Tax Period
2023-07-01 to 2024-06-30

GRACE PREPARATORY ACADEMY OF GREATER BOSTON INC, founded in 2014, is a small nonprofit in the Education sector that reported $355K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $343K left a modest 3% surplus.

Mission

EDUCATION OF STUDENTS IN GRADES K-8

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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 (2023)

Revenue Breakdown

Contributions & Grants $35,073
Program Service Revenue $319,868
Investment Income $0
Other Revenue $0
TOTAL REVENUE $354,941

Expense Breakdown

Grants Paid $0
Salaries & Benefits $256,413
Fundraising Expenses $2,137
Program Expenses $316,328
Other Expenses $86,968
TOTAL EXPENSES $343,381

Year-over-Year Comparison

2023 2022 Change
Revenue $354,941 $307,618 +0.2%
Expenses $343,381 $309,556 +0.1%
Net Income $11,560 $-1,938 -7.0%
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
3
Independent Members
1
Employees
19
Volunteers
10

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
3
$41,677
Total Directors
3
$41,677
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHERINE SHERRILL CLERK 1.00
Officer Director
$1,195 $0 $1,195
JENNA WERTHEIMER DIRECTOR, VICE PRESIDENT, 30.00
Officer Director
$40,307 $0 $40,307
LAURA RICHMOND PRESIDENT 1.00
Officer Director
$175 $0 $175
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 No data No data No data No data
2024 $354,941 $343,381 $97,046 $11,560
2023 $307,618 $309,556 $92,231 $-1,938
2022 $258,491 $223,705 $73,980 $34,786
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