ACADEMY PREP CENTER OF ST PETERSBURG (EIN 593623000) - 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

1996

Legal Domicile

Principal Officer

TERRI SCARCELLI EA

Phone

8639408900

Tax Period

2024-06-01 to 2025-05-31

ACADEMY PREP CENTER OF ST PETERSBURG, founded in 1996, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO INSPIRE AND EMPOWER STUDENTS QUALIFYING FOR NEED-BASED SCHOLARSHIPS TO BECOME FUTURE COMMUNITY LEADERS THROUGH A RIGOROUS MIDDLE SCHOOL PROGRAM COUPLED WITH ONGOING GRADUATE SUPPORT.

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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 $2,065,027

Program Service Revenue $992,046

Investment Income $0

Other Revenue $19,769

TOTAL REVENUE $3,076,842

Expense Breakdown

Grants Paid $51,179

Salaries & Benefits $2,394,313

Fundraising Expenses $357,677

Program Expenses $2,858,592

Other Expenses $1,028,297

TOTAL EXPENSES $3,473,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,076,842	$3,818,570	-0.2%
Expenses	$3,473,789	$3,158,145	+0.1%
Net Income	$-396,947	$660,425	-1.6%

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

Volunteers

181

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

$290,913

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID VETTER	CHAIR	5.00	Officer Director	$0	$0	$0
TIM BOGOTT	TRUSTEE	2.00	Director	$0	$0	$0
JOE BOURDOW	TRUSTEE	2.00	Director	$0	$0	$0
VINCENT CAMPAGNOLI	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINE HANNER	TRUSTEE	2.00	Director	$0	$0	$0
BETH ENGLAND	TRUSTEE	2.00	Director	$0	$0	$0
PAMELA GREACEN	TRUSTEE	2.00	Director	$0	$0	$0
KIMBERLY JACKSON	TRUSTEE	2.00	Director	$0	$0	$0
BONNIE STRICKLAND	TRUSTEE	2.00	Director	$0	$0	$0
ANNICA KEELER	TRUSTEE	2.00	Director	$0	$0	$0
LINDA MARCELLI	TRUSTEE	2.00	Director	$0	$0	$0
TOM SANSONE	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH SEMBLER	TRUSTEE	2.00	Director	$0	$0	$0
ALEX SHOUPPE	TRUSTEE	2.00	Director	$0	$0	$0
BERNICE SMOOT	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN STAMEY	TRUSTEE	2.00	Director	$0	$0	$0
CHUCK STAMEY	TRUSTEE	2.00	Director	$0	$0	$0
PAUL WHITING	TRUSTEE	2.00	Director	$0	$0	$0
BRYANT JONES	TRUSTEE	2.00	Director	$0	$0	$0
SALLY WILLIS	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINA NOORDSTAR	TRUSTEE	2.00	Director	$0	$0	$0
KANIKA TOMALIN	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS BARROTT	TRUSTEE	2.00	Director	$0	$0	$0
GINA BURKETT	HEAD OF SCHOOL	45.00	Officer	$164,898	$8,582	$173,480
TERRI SCARCELLI	CFO	5.00	Officer	$0	$8,582	$117,433

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	$3,076,842	$3,473,789	$20,343,523	$-396,947
2024	$3,818,570	$3,158,145	$18,704,149	$660,425
2023	$2,731,920	$2,915,000	$15,676,991	$-183,080
2022	$13,020,426	$2,620,594	$16,021,539	$10,399,832
2021	$2,883,814	$2,264,094	$6,246,687	$619,720
2020	$1,964,793	$2,295,400	$4,611,427	$-330,607
2019	$2,167,848	$2,227,901	$4,102,553	$-60,053
2018	$2,193,645	$2,221,113	$4,373,935	$-27,468

ACADEMY PREP CENTER OF ST PETERSBURG