RAINIER PREP (EIN 800956961) - 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

2013

Legal Domicile

Principal Officer

KAREN LOBOS

Phone

2064945979

Tax Period

2024-09-01 to 2025-08-31

RAINIER PREP, founded in 2013, is a community nonprofit in the Education sector that reported $7.1M in total revenue in fiscal year 2024.

Mission

RAINIER PREP IS A RIGOROUS, COLLEGE PREPARATORY, PUBLIC 5TH - 8TH GRADE CHARTER SCHOOL.

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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 $2,065,148

Program Service Revenue $4,958,783

Investment Income $94,346

Other Revenue $-22,684

TOTAL REVENUE $7,095,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,282,662

Fundraising Expenses $177,412

Program Expenses $5,420,018

Other Expenses $2,740,695

TOTAL EXPENSES $7,023,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,095,593	$6,974,411	+0.0%
Expenses	$7,023,357	$6,729,429	+0.0%
Net Income	$72,236	$244,982	-0.7%

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

$357,787

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY JASSY	CHAIR	5.00	Officer Director	$0	$0	$0
GUY PALUMBO	SECRETARY	5.00	Officer Director	$0	$0	$0
ROBIN MENDELSON	TREASURER	5.00	Officer Director	$0	$0	$0
ED TAYLOR	TRUSTEE	5.00	Director	$0	$0	$0
BOB KIMBALL	TRUSTEE	5.00	Director	$0	$0	$0
PETER ORSER	TRUSTEE	5.00	Director	$0	$0	$0
ELIZABETH BURKE	TRUSTEE	5.00	Director	$0	$0	$0
NASHRA RAHMAN	TRUSTEE	5.00	Director	$0	$0	$0
SARAH SMITH	TRUSTEE	5.00	Director	$0	$0	$0
MAX SILVERMAN	TRUSTEE	5.00	Director	$0	$0	$0
BRAD JACKSON	TRUSTEE	5.00	Director	$0	$0	$0
SHERRY WILLIAMS	TRUSTEE THRU 03/25	5.00	Director	$0	$0	$0
KAREN LOBOS	EXECUTIVE DIRECTOR	70.00	Officer	$158,400	$30,816	$189,216
KAMILLE PHILLIPS-DYE	DIRECTOR OF FINANCE AND OPERATIONS	40.00	Officer	$139,765	$28,806	$168,571
MARCUS JOHNSON-TALTOAN	ASSISTANT PRINCIPAL	40.00	Highest	$138,201	$27,204	$165,405
TIMOTHY TRAN	ASSISTANT PRINCIPAL	40.00	Highest	$138,201	$27,204	$165,405
MORGAN FERNANDEZ	SCHOOL PRINCIPAL	40.00	Highest	$128,368	$26,230	$154,598
SHANNON MOE	DIRECTOR OF COLLEGE SUCCESS	40.00	Highest	$120,934	$25,515	$146,449
SCOTT HICKE	DIRECTOR OF DEVELOPMENT	40.00	Highest	$110,680	$25,664	$136,344

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	$7,095,593	$7,023,357	$4,221,148	$72,236
2024	$6,974,411	$6,729,429	$4,508,192	$244,982
2023	$5,710,548	$5,831,034	$4,990,492	$-120,486
2022	$6,200,210	$5,552,132	$4,382,352	$648,078
2021	$4,878,721	$4,338,104	$4,287,777	$540,617
2020	$4,844,863	$3,971,073	$3,320,778	$873,790
2019	$4,635,337	$3,918,240	$2,471,353	$717,097
2018	$3,913,934	$3,801,556	$1,620,933	$112,378

RAINIER PREP