LEGACY PREPARATORY ACADEMY INC (EIN 651190108) - 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

2003

Legal Domicile

Principal Officer

YOLONDA CAPERS

Phone

8132530053

Tax Period

2024-07-01 to 2025-06-30

LEGACY PREPARATORY ACADEMY INC, founded in 2003, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO OPERATE A PUBLIC CHARTER SCHOOL IN THE STATE OF FLORIDA.

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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 $255,367

Program Service Revenue $723,859

Investment Income $0

Other Revenue $101,559

TOTAL REVENUE $1,080,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,222,179

Other Expenses $1,277,385

TOTAL EXPENSES $1,277,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,080,785	$1,548,006	-0.3%
Expenses	$1,277,385	$1,720,830	-0.3%
Net Income	$-196,600	$-172,824	+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

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
MICHAEL MAINOR SHABAZZ	CHAIRMAN	0.50	Officer Director	$0	$0	$0
GLORIDINE MCNAIR	VICE CHAIR	0.50	Officer Director	$0	$0	$0
GERALD DICKENS	TREASURER	0.50	Officer Director	$0	$0	$0
DR PHYLLIS TUCKER-WICKS	MEMBER	0.50	Director	$0	$0	$0
DR YOLANDA CAPERS	PRINCIPAL	40.00	Key Emp	$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	$1,080,785	$1,277,385	$3,858	$-196,600
2024	$1,548,006	$1,720,830	$136,085	$-172,824
2023	$2,240,825	$2,080,737	$455,130	$160,088
2022	$2,034,148	$2,626,640	$156,051	$-592,492
2021	$2,837,877	$2,547,875	$329,870	$290,002
2020	$2,103,110	$2,244,291	$23,889	$-141,181
2019	$2,423,960	$2,399,486	$37,242	$24,474
2018	$2,208,659	$2,177,505	$36,517	$31,154

LEGACY PREPARATORY ACADEMY INC