CHALLENGE PREPARATORY ACADEMY

EIN: 474230865 501(c)(3) Education

AUGUSTA, GA

Total Revenue
$92,412
Total Expenses
$102,590
Total Assets
$27,713
Net Assets
$18,680
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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
Principal Officer
MELVIN IVEY
Phone
7067226105
Tax Period
2021-07-01 to 2022-06-30

CHALLENGE PREPARATORY ACADEMY, founded in 2015, is a micro nonprofit in the Education sector that reported $92K in total revenue in fiscal year 2021. Expenses of $103K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE MISSION OF CHALLENGE PREPARATORY ACADEMY IS TO DAILY DECREASE ACADEMIC LEARNING GAPS AMONG OUR SCHOLARS AND MOVE THEM FROM BEGINNING/DEVELOPING LEARNERS TO PROFICIENT AND DISTINGUISHED LEARNERS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $24,293
Program Service Revenue $68,119
Investment Income $0
Other Revenue $0
TOTAL REVENUE $92,412

Expense Breakdown

Grants Paid $0
Salaries & Benefits $74,837
Fundraising Expenses $6,478
Program Expenses $69,510
Other Expenses $27,753
TOTAL EXPENSES $102,590

Year-over-Year Comparison

2021 2020 Change
Revenue $92,412 N/A N/A
Expenses $102,590 N/A N/A
Net Income $-10,178 N/A N/A
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
5
Independent Members
4
Employees
3
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
0
$0
Total Directors
1
$60,064
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAYREATHER WILLIS PRINCIPAL 50
Director
$60,064 $0 $60,064
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
2022 $92,412 $102,590 $27,713 $-10,178
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