SCHOLARSHIP PREP CHARTER SCHOOL

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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

JASON WATTS

Phone

7147953498

Tax Period

2024-07-01 to 2025-06-30

SCHOLARSHIP PREP CHARTER SCHOOL, founded in 2015, is a mid-sized nonprofit in the Education sector that reported $35.0M in total revenue in fiscal year 2024.

Mission

TO PROVIDE A UNIVERSITY-INSPIRED PATHWAY OF SUCCESS WHILE CLOSING THE ACHIEVEMENT GAP FOR ALL STUDENTS, INCLUDING FOSTER YOUTH AND THOSE UNDERSERVED.

Program Service Accomplishments

Program 1

Expenses: $27,102,094 Revenue: $0

OPERATING THREE PUBLIC CHARTER SCHOOLS SERVING ABOUT 1,662 STUDENTS FROM TK THROUGH 8TH GRADE FOR 179-180 INSTRUCTIONAL DAYS.

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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 $34,420,988

Program Service Revenue $0

Investment Income $573,678

Other Revenue $100

TOTAL REVENUE $34,994,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,780,532

Fundraising Expenses $0

Program Expenses $27,102,094

Other Expenses $16,130,114

TOTAL EXPENSES $34,910,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,994,766	$36,138,803	0.0%
Expenses	$34,910,646	$34,457,726	+0.0%
Net Income	$84,120	$1,681,077	-0.9%

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

323

Volunteers

432

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

$315,683

Total Directors

Key Employees

$873,465

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CHARLES FRIEDRICHS	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN ING	TREASURER	3.00	Officer Director	$0	$0	$0
MARIBEL TOAN	SECRETARY	3.00	Officer Director	$0	$0	$0
PETER WATSON	DIRECTOR	3.00	Director	$0	$0	$0
BARBARA GEORGE	DIRECTOR	3.00	Director	$0	$0	$0
JASON WATTS	CO-FOUNDER & EXECUTIVE DIR	40.00	Officer	$257,930	$57,753	$315,683
ANDREW CROWE	DEPUTY DIRECTOR	40.00	Key Emp	$239,432	$18,022	$257,454
KRISTEN D CROWE	CHIEF COMMUNITY OFFICER	40.00	Key Emp	$175,563	$7,133	$182,696
TAYLOR ELLIS	CHIEF ACADEMIC OFFICER	40.00	Key Emp	$181,846	$17,296	$199,142
SARAH SCHOENFELD-NAKAMOTO	CHIEF OPERATIONS OFFICER	40.00	Key Emp	$196,157	$38,016	$234,173
NICHOLAS SESSIONS	PRINCIPAL	40.00	Highest	$191,365	$4,865	$196,230
ALLISON VANN	PRINCIPAL	40.00	Highest	$175,741	$1,552	$177,293
DENISE ALLOTEY	PRINCIPAL	40.00	Highest	$161,681	$22,849	$184,530
MELISSA MEYER	DIRECTOR OF CURRICULUM	40.00	Highest	$156,402	$14,213	$170,615
ANARELY SEDANO	DIRECTOR OF SPED	40.00	Highest	$162,850	$0	$162,850

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	$34,994,766	$34,910,646	$63,658,013	$84,120
2024	$36,138,803	$34,457,726	$62,743,534	$1,681,077
2023	$31,429,654	$29,657,085	$63,059,972	$1,772,569
2022	$21,948,648	$20,077,338	$31,495,275	$1,871,310
2021	$19,294,773	$14,618,187	$27,254,087	$4,676,586
2020	$14,963,960	$15,425,526	$5,208,729	$-461,566
2019	$9,260,458	$8,588,837	$3,494,683	$671,621
2018	$7,490,316	$6,405,993	$2,696,776	$1,084,323