Frederick J Furtah Preparatory School (EIN 582594275) - 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

2001

Legal Domicile

Phone

6785746488

Tax Period

2024-07-01 to 2025-06-30

Frederick J Furtah Preparatory School, founded in 2001, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

To provide quality primary & secondary education to students in a unique academic environment that embraces diversity, provides a creative learning atmosphere and inspires hope in every student with respect to individual achievement.

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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 $1,067,470

Investment Income $1,253

Other Revenue $0

TOTAL REVENUE $1,068,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $593,422

Fundraising Expenses $0

Program Expenses $1,171,434

Other Expenses $598,055

TOTAL EXPENSES $1,191,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,068,723	$987,450	+0.1%
Expenses	$1,191,477	$1,128,842	+0.1%
Net Income	$-122,754	$-141,392	-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

Governance

Voting Members

Independent Members

Employees

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

$65,000

Total Directors

$65,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenyata Shim	CEO	50.00	Officer Director	$65,000	$0	$65,000
Christine Skibbie	Secretary	0.00	Director	$0	$0	$0
Cindy Whitley	Vice President	0.00	Director	$0	$0	$0
David Whitley	CFO	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	$1,068,723	$1,191,477	$1,520,270	$-122,754
2024	$987,450	$1,128,842	$1,699,704	$-141,392
2023	$1,110,954	$1,034,388	$1,895,492	$76,566
2022	$1,024,288	$959,469	$1,871,062	$64,819
2021	$1,107,870	$851,565	$1,856,447	$256,305
2020	$841,034	$1,015,803	$1,839,714	$-174,769
2019	$864,788	$909,760	$1,832,578	$-44,972

Frederick J Furtah Preparatory School