COLLETON PREPARATORY ACADEMY INC (EIN 570886152) - 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

1991

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

COLLETON PREPARATORY ACADEMY INC, founded in 1991, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2022.

Mission

THE ACADEMY ENABLES STUDENTS IN GRADES K4-12(0-3 YRS OLD HAVE ALSO BEEN ADDED) TO OBTAIN A QUALITY EDUCATION. STUDENTS BENEFIT FROM SMALL CLASS SIZES AND HAVE THE ABILITY TO PARTICIPATE IN A VARIETY OF CLUBS AND ACTIVITIES. THERE WERE 483 STUDENTS THIS YEAR.

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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 (2022)

Revenue Breakdown

Contributions & Grants $30,655

Program Service Revenue $2,998,642

Investment Income $482

Other Revenue $0

TOTAL REVENUE $3,029,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,167,809

Fundraising Expenses $0

Program Expenses $2,615,813

Other Expenses $1,084,114

TOTAL EXPENSES $3,251,923

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,029,779	$2,813,823	+0.1%
Expenses	$3,251,923	$2,670,701	+0.2%
Net Income	$-222,144	$143,122	-2.6%

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

113

Volunteers

325

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
ROBIN CROSBY	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES A SPEARS	DIRECTOR	2.00	Director	$0	$0	$0
ROGER ODUM	DIRECTOR	2.00	Director	$0	$0	$0
CHAD ARANEO	DIRECTOR	2.00	Director	$0	$0	$0
MARIE HOWELL	DIRECTOR	2.00	Director	$0	$0	$0
LORI BELL	DIRECTOR	2.00	Director	$0	$0	$0
TIMMY BENTON	DIRECTOR	2.00	Director	$0	$0	$0
WESLEY JONES	DIRECTOR	2.00	Director	$0	$0	$0
EVERETTE BOOTLE	DIRECTOR	2.00	Director	$0	$0	$0
HEATH GRIFFITH	CHAIRMAN	3.00	Director	$0	$0	$0
JOSH WHITE	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD BRELAND	DIRECTOR	2.00	Officer Director	$0	$0	$0
TOMMY CARROLL	VICE-CHAIRMAN	3.00	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,029,779	$3,251,923	$1,129,161	$-222,144
2022	$2,813,823	$2,670,701	$3,363,120	$143,122
2021	$2,653,252	$2,249,407	$2,769,666	$403,845
2020	$2,112,244	$2,191,532	$2,088,639	$-79,288
2019	$2,041,043	$1,901,562	$2,022,192	$139,481
2018	$1,896,602	$1,783,110	$2,083,986	$113,492

COLLETON PREPARATORY ACADEMY INC