GIRLS PREPARATORY SCHOOL INC

EIN: 620475682 501(c)(3) Education

CHATTANOOGA, TN

Total Revenue
$31,748,028
Total Expenses
$23,475,292
Total Assets
$77,322,650
Net Assets
$57,695,294
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1906
Legal Domicile
TN
Principal Officer
MR MARK VOSSKAMP
Phone
4236347600
Tax Period
2023-07-01 to 2024-06-30

GIRLS PREPARATORY SCHOOL INC, founded in 1906, is a mid-sized nonprofit in the Education sector that reported $31.7M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.3M, a strong 26% operating margin.

Mission

TO OPERATE AN ACCREDITED SECONDARY SCHOOL AND TO PROVIDE QUALITY PRIVATE SCHOOL EDUCATION FOR GIRLS IN GRADES SIX THROUGH TWELVE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,284,962
Program Service Revenue $17,832,618
Investment Income $1,048,650
Other Revenue $581,798
TOTAL REVENUE $31,748,028

Expense Breakdown

Grants Paid $4,194,830
Salaries & Benefits $10,841,977
Fundraising Expenses $1,664,830
Program Expenses $17,146,824
Other Expenses $8,438,485
TOTAL EXPENSES $23,475,292

Year-over-Year Comparison

2023 2022 Change
Revenue $31,748,028 $24,457,540 +0.3%
Expenses $23,475,292 $22,470,880 +0.0%
Net Income $8,272,736 $1,986,660 +3.2%
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

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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
25
Independent Members
24
Employees
352
Volunteers
270

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
$627,965
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLINE CAULKINS BENTLEY TRUSTEE 1.00
Director
$0 $0 $0
GLENN BREAZEALE JR TRUSTEE 1.00
Director
$0 $0 $0
JEFF BURNS TRUSTEE 1.00
Director
$0 $0 $0
ELOUISE BUSBY TRUSTEE 1.00
Director
$0 $0 $0
LAUREL CARNEY PHD TRUSTEE 1.00
Director
$0 $0 $0
ALLISON COWAN CARROLL TRUSTEE 1.00
Director
$0 $0 $0
R ALLEN COFFMAN JR TRUSTEE 1.00
Director
$0 $0 $0
AIMEE OWINGS HARVEY TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER KLINE TRUSTEE 1.00
Director
$0 $0 $0
BETH STEELE NEWBOLD TRUSTEE 1.00
Director
$0 $0 $0
ANDREA SAUL NOSBUSCH TRUSTEE 1.00
Director
$0 $0 $0
ASHLEY MOORE PALMER TRUSTEE 1.00
Director
$0 $0 $0
HAMP JOHNSTON JR TRUSTEE 1.00
Director
$0 $0 $0
MARY P TANNER PHD TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN THOMAS TRUSTEE 1.00
Director
$0 $0 $0
KAREN C WELBORN TRUSTEE 1.00
Director
$0 $0 $0
CAROLYN CHANDLER TRUSTEE 1.00
Director
$0 $0 $0
BLAIR BENNINGTON CANNON TRUSTEE 1.00
Director
$0 $0 $0
AUSTIN P WATSON TRUSTEE 1.00
Director
$0 $0 $0
AMY ARROWSMITH BOARD CHAIR 5.00
Officer Director
$0 $0 $0
ASHLEY ROWLAND DAVENPORT VICE CHAIR 2.00
Officer Director
$0 $0 $0
CLAY P WATSON FORMER BOARD CHAIR 2.00
Officer Director
$0 $0 $0
JIMMY SCOTCHIE TREASURER 2.00
Officer Director
$0 $0 $0
DORI THORNTON WALLER SECRETARY/RECORDER 2.00
Officer Director
$0 $0 $0
MEGAN COVER HEAD OF SCHOOL 65.00
Officer
$378,067 $43,723 $421,790
MARK VOSSKAMP CFO/COO 48.00
Officer
$190,046 $16,129 $206,175
ALI GANT CHIEF ADVANCEMENT OFFICER 48.00
Highest
$173,288 $28,059 $201,347
BETH WILSON HEAD OF UPPER SCHOOL 48.00
Highest
$147,804 $7,018 $154,822
JAMES WATTS ATHLETIC DIRECTOR 48.00
Highest
$119,953 $23,446 $143,399
ANDREW REICH DIR OF COLLEGE COUNSELING 40.00
Highest
$109,573 $11,399 $120,972
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 $31,748,028 $23,475,292 $77,322,650 $8,272,736
2023 $24,457,540 $22,470,880 $66,448,337 $1,986,660
2022 $20,905,031 $21,304,380 $62,392,596 $-399,349
2021 $22,800,859 $19,951,559 $71,567,116 $2,849,300
2020 $19,595,117 $19,864,912 $57,361,303 $-269,795
2019 $18,958,585 $20,180,149 $58,902,143 $-1,221,564
2018 $16,947,384 $19,387,620 $59,470,366 $-2,440,236
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