Euclid Preparatory Academy

EIN: 811784412 501(c)(3)

Euclid, OH

Total Revenue
$1,300,571
Total Expenses
$1,904,451
Total Assets
$176,387
Net Assets
$-603,880
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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
2017
Legal Domicile
OH
Principal Officer
C David Massa
Tax Period
2017-07-01 to 2018-06-30

Euclid Preparatory Academy, founded in 2017, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2017. Expenses of $1.9M exceeded revenue, resulting in a 46% operating deficit.

Mission

The mission of Euclid Preparatory School is to prepare students for a college preparatory high school that will ensure success and graduation from a four year college.

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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 (2017)

Revenue Breakdown

Contributions & Grants $1,300,571
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,300,571

Expense Breakdown

Grants Paid $0
Salaries & Benefits $825,342
Fundraising Expenses $0
Program Expenses $1,904,451
Other Expenses $1,079,109
TOTAL EXPENSES $1,904,451

Year-over-Year Comparison

2017 2016 Change
Revenue $1,300,571 N/A N/A
Expenses $1,904,451 N/A N/A
Net Income $-603,880 $0 N/A
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bob Parina Board Member 1
Director
$0 $0 $0
Brian Kenderes Board Member 1
Director
$0 $0 $0
Audra Jones Board Member 1
Director
$0 $0 $0
Kevin Ray Board Member 1
Director
$0 $0 $0
Erica Penick Board Member 1
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
2018 $1,300,571 $1,904,451 $176,387 $-603,880
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