RAGIN PREPARATORY CHRISTIAN ACADEMY (EIN 473788875) - 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

Tax Period

2023-01-01 to 2023-12-31

RAGIN PREPARATORY CHRISTIAN ACADEMY, founded in 2015, is a small nonprofit in the Education sector that reported $805K in total revenue in fiscal year 2023. Revenue surged 1003% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 42% operating deficit.

Mission

EQUIPPING STUDENTS FOR A SUCCESSFUL LIFE THROUGH ACADEMICS AND SERVICE TO CHRIST

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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 $314,336

Program Service Revenue $490,768

Investment Income $0

Other Revenue $0

TOTAL REVENUE $805,104

Expense Breakdown

Grants Paid $43,250

Salaries & Benefits $799,912

Fundraising Expenses $0

Program Expenses $780,936

Other Expenses $300,194

TOTAL EXPENSES $1,143,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$805,104	$73,000	+10.0%
Expenses	$1,143,356	$239,036	+3.8%
Net Income	$-338,252	$-166,036	+1.0%

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

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
JAROD STUKES	BOARD MEMBER	0.00	Director	$0	$0	$0
GARRYL DEAS	BOARD MEMBER	0.00	Director	$0	$0	$0
TERRIE COULTER	BOARD MEMBER	0.00	Director	$0	$0	$0
KAYNARRA CAPERS	BOARD MEMBER	0.00	Director	$0	$0	$0
WILLIE J THOMPSON Jr	ADMINISTRATOR	0.00	Director	$0	$0	$0
ANGELIA TERRY	BUSINESS ADMINISTRATOR	60.00	Director	$0	$0	$0
TIAWANA MAYO	BOARD MEMBER	0.00	Director	$0	$0	$0
HARRIETT LAMPKIN	INTERIM CHAIR	0.00	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	No data	No data	No data	No data
2023	$805,104	$1,143,356	$186,666	$-338,252
2021	$785,253	$479,150	$638,733	$306,103
2020	$330,242	$422,992	$77,648	$-92,750
2019	$318,321	$268,402	$65,237	$49,919

RAGIN PREPARATORY CHRISTIAN ACADEMY