PRESTIGE PREPARATORY ACADEMY

EIN: 475305409 501(c)(3)

NORTH CHARLESTON, SC

Total Revenue
$964,680
Total Expenses
$993,843
Total Assets
$37,553
Net Assets
$-124,810
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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
SC
Principal Officer
JOYCE COLEMAN
Phone
8435296016
Tax Period
2017-07-01 to 2018-06-30

PRESTIGE PREPARATORY ACADEMY, founded in 2015, is a small nonprofit that reported $965K in total revenue in fiscal year 2017. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

PRESTIGE IS A BOYS' ACADEMY WITH A TEACHING METHODOLOGY DESIGNED TO SUIT THE WAY THAT BOYS LEARN.

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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 (2017)

Revenue Breakdown

Contributions & Grants $962,132
Program Service Revenue $2,548
Investment Income $0
Other Revenue $0
TOTAL REVENUE $964,680

Expense Breakdown

Grants Paid $0
Salaries & Benefits $489,511
Fundraising Expenses $43,030
Program Expenses $720,953
Other Expenses $504,332
TOTAL EXPENSES $993,843

Year-over-Year Comparison

2017 2016 Change
Revenue $964,680 $807,333 +0.2%
Expenses $993,843 $902,980 +0.1%
Net Income $-29,163 $-95,647 -0.7%
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
7
Independent Members
7
Employees
21
Volunteers
6

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
4
$84,275
Total Directors
8
$84,275
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOYCE COLEMAN EXECUTIVE DIRECTOR 40.00
Officer Director
$72,275 $12,000 $84,275
SADIE BROWN BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JACK FICKLING SECRETARY 1.00
Officer Director
$0 $0 $0
WILLI GLEE BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
ROB HARE BOARD MEMBER 1.00
Director
$0 $0 $0
EDWARD MCCLAIN BOARD MEMBER 1.00
Director
$0 $0 $0
ADRIENNE RILEY BOARD MEMBER 1.00
Director
$0 $0 $0
SHARLENE SMALLS BOARD MEMBER 1.00
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
2018 $964,680 $993,843 $37,553 $-29,163
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