Euclid Preparatory Academy

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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

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

Our vision is to create a culture of high expectations for behavior and academics through rigorous, research-based curricula and a focus on achievement. It is our goal that scholars will attend a college preparatory high school and ultimately gain acceptance to and graduate from a four year college. It is our expectation that 100% of APS graduates will positively affect change in their local communities while making a contribution to our global society.

Program Service Accomplishments

Program 1

Expenses: $1,904,451 Revenue: $1,300,571

The curriculum consists of 120 minutes of daily instruction in Reading and Mathematics and at least 60 minutes of Writing and Social Sciences. Our research-based program is aligned to the Ohio Common Core and is enhanced through a set of common instructional strategies that promote oral reading fluency, vocabulary, effective questioning, and reading comprehension across all content areas. Lesson objectives, vocabulary and homework are communicated to families via a syllabus that is sent home on a weekly basis giving our students and families a true feeling of a college-going learning environment.

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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 (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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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