VOCATIO CAREER PREP HIGH SCHOOL (EIN 473319060) - 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

JOANNE CHAO

Phone

2158218823

Tax Period

2024-07-01 to 2025-06-30

VOCATIO CAREER PREP HIGH SCHOOL, founded in 2015, is a small nonprofit in the Education sector that reported $522K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $606K exceeded revenue, resulting in a 16% operating deficit.

Mission

VOCATIO CAREER PREP HIGH SCHOOL IS A CHRIST-CENTERED SCHOOL TO HELP PROVIDE A QUALITY, COMPREHENSIVE ACADEMIC/VOCATIONAL PROGRAM THAT WILL PLACE YOUNG MEN AND WOMEN INTO A POST-SECONDARY EDUCATIONAL INSTITUTION OR ONTO A SUCCESSFUL CAREER PATH.

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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 $243,965

Program Service Revenue $262,500

Investment Income $3

Other Revenue $15,918

TOTAL REVENUE $522,386

Expense Breakdown

Grants Paid $248,535

Salaries & Benefits $155,572

Fundraising Expenses $26,979

Program Expenses $511,193

Other Expenses $202,112

TOTAL EXPENSES $606,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$522,386	$618,078	-0.2%
Expenses	$606,219	$619,167	0.0%
Net Income	$-83,833	$-1,089	+76.0%

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

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

$62,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNE CHAO	PRESIDENT	3.00	Officer Director	$0	$0	$0
ANDREW KIM DMD	TREASURER	3.00	Officer Director	$0	$0	$0
STEVEN SHIN	SECRETARY	3.00	Officer Director	$0	$0	$0
KWANG LEE	BOARD MEMBER	3.00	Director	$0	$0	$0
RICHARD STEVENSON	BOARD MEMBER	3.00	Director	$0	$0	$0
ANDY KIM	BOARD MEMBER	3.00	Director	$0	$0	$0
MARIO PAGAN	BOARD MEMBER	3.00	Director	$0	$0	$0
HEATHER HAYWOOD	HEAD OF SCHO	40.00	Officer	$62,083	$0	$62,083

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	$522,386	$606,219	$122,047	$-83,833
2024	$618,078	$619,167	$224,050	$-1,089
2023	$676,135	$495,029	$253,527	$181,106
2022	$743,066	$777,245	$72,922	$-34,179
2021	$381,152	$607,408	$102,785	$-226,256
2020	$421,134	$432,697	$311,870	$-11,563
2019	$265,462	$337,867	$132,311	$-72,405
2018	$236,427	$139,472	$145,088	$96,955

VOCATIO CAREER PREP HIGH SCHOOL