Impact Preparatory Academy Inc (EIN 474866873) - 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

2020-01-01 to 2020-12-31

Impact Preparatory Academy Inc, founded in 2015, is a small nonprofit that reported $140K in total revenue in fiscal year 2020. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $185K exceeded revenue, resulting in a 32% operating deficit.

Mission

Impact Preparatory Academys mission is to provide an exemplary early childhood program to instill and foster the social, emotional, physical, intellectual and spiritual growth of economically at-risk children and their families.

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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 (2020)

Revenue Breakdown

Contributions & Grants $20,376

Program Service Revenue $119,858

Investment Income $0

Other Revenue $0

TOTAL REVENUE $140,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,494

Fundraising Expenses $0

Program Expenses $184,742

Other Expenses $40,248

TOTAL EXPENSES $184,742

Year-over-Year Comparison

	2020	2019	Change
Revenue	$140,234	$507,999	-0.7%
Expenses	$184,742	$598,024	-0.7%
Net Income	$-44,508	$-90,025	-0.5%

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

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

$9,750

Total Directors

$9,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brenda Rodgers	President	10.00	Officer Director	$9,750	$0	$9,750
Keith Preslay	Board Member	2.00	Director	$0	$0	$0
Leslie Thomas	Board Member	2.00	Director	$0	$0	$0
Vel Cuestas	Secretary	2.00	Director	$0	$0	$0
Brittany Bertuzzi	Vice President	2.00	Director	$0	$0	$0
Sharon Boyd	Treasurer	2.00	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
2020	$140,234	$184,742	No data	$-44,508
2019	$507,999	$598,024	$38,266	$-90,025
2018	$513,740	$519,610	$120,538	$-5,870

Impact Preparatory Academy Inc