ACE PREPARATORY INC (EIN 473128337) - 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

2015

Legal Domicile

Principal Officer

AMANDA LILES

Phone

3177449847

Tax Period

2023-07-01 to 2024-06-30

ACE PREPARATORY INC, founded in 2015, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 24% operating deficit.

Mission

THROUGH RIGOROUS ACADEMICS, POSITIVE CHARACTER DEVELOPMENT, AND EXCELLENCE IN EVERYTHING WE DO, ACE PREPARATORY ACADEMY CHARTER SCHOOL EDUCATES KINDERGARTEN THROUGH GRADE 5 STUDENTS FOR SCHOOL SUCCESS AND LIVES OF OPPORTUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,638,939

Program Service Revenue $0

Investment Income $13,613

Other Revenue $10,896

TOTAL REVENUE $1,663,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,177,327

Fundraising Expenses $0

Program Expenses $1,564,606

Other Expenses $880,893

TOTAL EXPENSES $2,058,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,663,448	$2,328,140	-0.3%
Expenses	$2,058,220	$2,360,584	-0.1%
Net Income	$-394,772	$-32,444	+11.2%

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

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

$190,963

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRIESHA ADAMS	COO	45.00	Officer	$91,538	$14,978	$106,516
AMANDA LILES	PRINCIPAL	45.00	Officer	$84,447	$0	$84,447
MITCHELL GAUGER	PRESIDENT	0.50	Officer Director	$0	$0	$0
TATIANA DAY	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
FRANK JEFF	TREASURER	0.50	Officer Director	$0	$0	$0
LAUREN LOPEZ	SECRETARY	0.50	Officer Director	$0	$0	$0
GLENN MAX	MEMBER	0.50	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	No data	No data	No data	No data
2024	$1,663,448	$2,058,220	$3,452,753	$-394,772
2023	$2,328,140	$2,360,584	$3,812,056	$-32,444
2022	$2,553,518	$2,173,508	$4,058,391	$380,010
2021	$1,711,066	$1,653,746	$389,202	$57,320

ACE PREPARATORY INC