OWASSO PREPARATORY ACADEMY INCORPORATED (EIN 813075864) - 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

2016

Legal Domicile

Principal Officer

Tiffany Rinas

Phone

9183780344

Tax Period

2024-07-01 to 2025-06-30

OWASSO PREPARATORY ACADEMY INCORPORATED, founded in 2016, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 8% surplus.

Mission

OWASSO PREPARATORY ACADEMY IS A PRIVATE CHRISTIAN SCHOOL IN THE HYBRID MODEL. THE CORPORATION'S MISSION IS TO PARTNER WITH PARENTS TO PREPARE STUDENTS FOR HIGHER EDUCATION THROUGH EXCEPTIONAL ACADEMICS, QUALITY EXTRACURRICULAR ACTIVITIES, AND PURPOSEFUL DEVELOPMENT OF CHRIST-LIKE CHARACTER.

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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 $101,800

Program Service Revenue $2,413,810

Investment Income $23,480

Other Revenue $0

TOTAL REVENUE $2,539,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,773,338

Fundraising Expenses $7,158

Program Expenses $2,297,721

Other Expenses $556,398

TOTAL EXPENSES $2,336,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,539,090	$1,345,022	+0.9%
Expenses	$2,336,894	$1,393,258	+0.7%
Net Income	$202,196	$-48,236	-5.2%

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

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

200

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
CHAD CLASSEN	PRESIDENT	1	Officer Director	$0	$0	$0
JAKE CRAWFORD	TREASURER	1	Officer Director	$0	$0	$0
SOMMER PARSCHAUER	SECRETARY	1	Officer Director	$0	$0	$0
KATIE BASKINS	VICE PRESIDENT	2	Officer Director	$0	$0	$0
LANCE GWARTNEY	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
2025	$2,539,090	$2,336,894	$1,679,196	$202,196
2024	$1,345,022	$1,393,258	$1,271,091	$-48,236
2023	$1,167,962	$1,116,457	$841,028	$51,505
2022	$1,057,777	$947,230	$695,869	$110,547
2021	$918,202	$720,904	$626,447	$197,298
2020	$546,251	$530,727	$649,680	$15,524
2019	$429,183	$417,772	$464,742	$11,411
2018	$293,660	$271,437	$144,252	$22,223

OWASSO PREPARATORY ACADEMY INCORPORATED