Power and Grace Preparatory Academy Inc

EIN: 473661203 501(c)(3) Education

Clarksville, TN

Total Revenue
$745,170
Total Expenses
$789,070
Total Assets
$1,732,991
Net Assets
$354,913
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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
TN
Principal Officer
Katobwa Stallworth
Phone
9319802752
Tax Period
2024-01-01 to 2024-12-31

Power and Grace Preparatory Academy Inc, founded in 2015, is a small nonprofit in the Education sector that reported $745K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year.

Mission

To provide educational services to elementary school students in such a way that each student will grow intellectually and maximize their attributes of power and grace through the intentional Christian educational instruction, leadership, and doctrine.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $745,170
Investment Income $0
Other Revenue $0
TOTAL REVENUE $745,170

Expense Breakdown

Grants Paid $0
Salaries & Benefits $554,604
Fundraising Expenses $0
Program Expenses $789,070
Other Expenses $234,466
TOTAL EXPENSES $789,070

Year-over-Year Comparison

2024 2023 Change
Revenue $745,170 $928,295 -0.2%
Expenses $789,070 $927,042 -0.1%
Net Income $-43,900 $1,253 -36.0%
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
7
Independent Members
7
Employees
35
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
1
$38,202
Total Directors
7
$39,372
Key Employees
1
$38,202
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gregory Stallworth Chair 1.00
Director
$1,170 $0 $1,170
Katobwa Stallworth Board Member 65.00
Officer Director Key Emp Highest
$38,202 $0 $38,202
Mary Ann Lander Board Member 1.00
Director
$0 $0 $0
Carol Pettway Board Member 1.00
Director
$0 $0 $0
Chester Crump Board Member 1.00
Director
$0 $0 $0
Mike Carrington Board Member 1.00
Director
$0 $0 $0
Shalonda Slater Board Member 1.00
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
2024 $745,170 $789,070 $1,732,991 $-43,900
2023 $928,295 $927,042 $992,924 $1,253
2022 $809,356 $731,854 $1,006,847 $77,502
2021 $690,650 $568,954 $549,978 $121,696
2020 $313,094 $405,364 $109,915 $-92,270
2019 $357,395 $338,159 $36,670 $19,236
2018 $246,606 $239,641 $59,807 $6,965
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