PILLARS PREPARATORY ACADEMY A NJ NONPROFIT CORPORATION (EIN 474168504) - 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

2020

Legal Domicile

Principal Officer

WALAA ELBANNA

Phone

7328532998

Tax Period

2023-01-01 to 2023-12-31

PILLARS PREPARATORY ACADEMY A NJ NONPROFIT CORPORATION, founded in 2020, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 655% from the prior year, signaling strong growth momentum.

Mission

OPERATING A FULL-TIME DAYCARE, AND K-12 PRIVATE EDUCATION PROGRAM. FUNDING STAFF SALARIES, BENEFITS, TAXES, FACILITY RENTAL, UTILITIES, MAINTENANCE, REPAIRS, SECURITY, EDUCATIONAL RESOURCES, SUPPLIES, UNIFORMS, AND EDUCATIONAL MATERIALS. OFFERING SCHOLARSHIPS AND FINANCIAL AID FOR STUDENTS. PROVIDING TEACHERS WITH RESOURCES AND WORKSHOPS TO ENHANCE THEIR TEACHING ABILITY, OFFERING PROFESSIONAL DEVELOPMENT FOR TEACHERS & STAFF. COOPERATING WITH OTHER NON-PROFIT ORGANIZATIONS IN CARRYING OUT OUR OTHER HUMANITARIAN, SOCIAL AND EDUCATIONAL MISSIONS.

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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 $189,587

Program Service Revenue $2,190,453

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,380,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,668,272

Fundraising Expenses $0

Program Expenses $2,267,199

Other Expenses $780,105

TOTAL EXPENSES $2,448,377

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,380,040	$315,198	+6.6%
Expenses	$2,448,377	$306,213	+7.0%
Net Income	$-68,337	$8,985	-8.6%

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

$59,398

Total Directors

$59,398

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALAA ELBANNA	PRESIDENT	40.00	Officer Director	$59,398	$0	$59,398

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	$2,380,040	$2,448,377	$30,041	$-68,337
2022	$315,198	$306,213	$10,878	$8,985
2021	$154,272	$178,886	$1,893	$-24,614
2020	$208,614	$182,107	$26,507	$26,507

PILLARS PREPARATORY ACADEMY A NJ NONPROFIT CORPORATION