JACKSON PREPARATORY SCHOOL FOUNDATION

EIN: 570889451 501(c)(3)

FLOWOOD, MS

Total Revenue
$15,751,663
Total Expenses
$17,149,479
Total Assets
$44,071,017
Net Assets
$23,485,724
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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
1989
Legal Domicile
MS
Principal Officer
FORREST ASHWORTH
Phone
6019398611
Tax Period
2024-07-01 to 2025-06-30

JACKSON PREPARATORY SCHOOL FOUNDATION, founded in 1989, is a mid-sized nonprofit that reported $15.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

JACKSON PREPARATORY SCHOOL FOUNDATION OPERATES A PRIVATE SCHOOL SERVING STUDENTS IN HINDS, MADISON, AND RANKIN COUNTIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,077,635
Program Service Revenue $12,566,699
Investment Income $679,352
Other Revenue $427,977
TOTAL REVENUE $15,751,663

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,319,786
Fundraising Expenses $298,730
Program Expenses $12,822,368
Other Expenses $6,829,693
TOTAL EXPENSES $17,149,479

Year-over-Year Comparison

2024 2023 Change
Revenue $15,751,663 $13,872,329 +0.1%
Expenses $17,149,479 $15,366,133 +0.1%
Net Income $-1,397,816 $-1,493,804 -0.1%
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
18
Independent Members
18
Employees
256
Volunteers
150

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
7
$313,388
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JET HOLLINGSOWRTH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SAMUEL H LOVE SECRETARY 1.00
Officer Director
$0 $0 $0
LOU ANN FLATGARD BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS MADDUX PRESIDENT 1.00
Officer Director
$0 $0 $0
THOMAS MACK MITCHELL TREASURER 1.00
Officer Director
$0 $0 $0
MEREDITH ALDRIDGE BOARD MEMBER 1.00
Director
$0 $0 $0
CHAN MCLEOD BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT LAMPTON BOARD MEMBER 1.00
Director
$0 $0 $0
DUDLEY D WOOLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JAYDA BOGAN-FOUNTAIN BOARD MEMBER 1.00
Director
$0 $0 $0
SARA WHELAN MORGAN BOARD MEMBER 1.00
Director
$0 $0 $0
KIMBERLY NICHOLS BOARD MEMBER 1.00
Director
$0 $0 $0
LEIGH REEVES VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARY B TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
DERON R HARMON BOARD MEMBER 1.00
Director
$0 $0 $0
DANA WILSON BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA PUCKETT BOARD MEMBER 0.00
Director
$0 $0 $0
MEREDITH WARF BOARD MEMBER 0.00
Director
$0 $0 $0
FORREST ASHWORTH CHIEF OPERATING OFFICER 40.00
Officer
$139,828 $7,500 $147,328
CRISLER BOONE CHIEF EXTERNAL AFFAIRS OFF 40.00
Officer
$158,422 $7,638 $166,060
LUKE NEALEY ASSISTANT HEAD/HEAD OF HS 40.00
Highest
$118,028 $7,058 $125,086
LAWRENCE COCO HEAD OF SCHOOL 40.00
Highest
$292,706 $9,748 $302,454
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 $15,751,663 $17,149,479 $44,071,017 $-1,397,816
2024 $13,872,329 $15,366,133 $45,274,404 $-1,493,804
2023 $13,261,733 $13,388,023 $43,731,695 $-126,290
2022 $13,506,149 $12,993,244 $34,520,823 $512,905
2021 $18,380,743 $12,083,519 $34,421,894 $6,297,224
2020 $13,450,377 $12,887,519 $28,008,780 $562,858
2019 $12,637,078 $12,312,016 $26,313,470 $325,062
2018 $12,810,395 $12,506,984 $25,798,300 $303,411
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