GREYSTONE PREPARATORY SCHOOLS INC (EIN 522377318) - 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

2002

Legal Domicile

Principal Officer

DAVID N BLACKORBY

Phone

8302384753

Tax Period

2024-08-01 to 2025-07-31

GREYSTONE PREPARATORY SCHOOLS INC, founded in 2002, is a micro nonprofit that reported $1 in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $38K exceeded revenue, resulting in a 3826000% operating deficit.

Mission

TO PROVIDE AN EDUCATION THAT WILL MEET THE SPECIFIC ACADEMIC NEEDS ESTABLISHED BY THE UNITED STATES MILITARY ACADEMY, THE UNITED STATES NAVAL ACADEMY, THE UNITED STATES AIR FORCE ACADEMY, THE UNITED STATES COAST GUARD ACADEMY OR THE MERCHANT MARINE ACADEMY, THAT WILL ENABLE STUDENTS TO QUALIFY FOR ACADEMY APPOINTMENTS.

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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 $0

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $1

Expense Breakdown

Grants Paid $38,035

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,035

Other Expenses $226

TOTAL EXPENSES $38,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1	$1,612	-1.0%
Expenses	$38,261	$236,193	-0.8%
Net Income	$-38,260	$-234,581	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BG DAVID N BLACKORBY USA RET	FINANCE COMMITTEE CHAIRMAN	1.00	Director	$0	$0	$0
BG JIM BISSON JAMES J USA RETIRED	STUDENT AFFAIRS COMMITTEE	1.00	Director	$0	$0	$0
MG EDDY M SPURGIN USA RET	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
PATRICIA TRISH M ANSLOW USA RET	PERSONNEL COMMITTEE CHAIRM	1.00	Director	$0	$0	$0
RADM STEPHANIE KECK USN RETIRED	RECRUITING COMMITTEE CHAIR	1.00	Director	$0	$0	$0
MG WILLIAM D BILL WOFFORD USA RET	BOARD OF DIRECTORS	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
2025	$1	$38,261	No data	$-38,260
2024	$1,612	$236,193	$38,260	$-234,581
2023	$161,085	$177,852	$274,966	$-16,767
2022	$203,667	$202,592	$294,323	$1,075
2021	$200,152	$235,148	$293,268	$-34,996
2020	$281,415	$324,231	$332,852	$-42,816
2019	$339,735	$300,552	$380,636	$39,183

GREYSTONE PREPARATORY SCHOOLS INC