MORNING STAR PREPARATORY ACADEMY (EIN 813164059) - 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

CARLA PETERSON

Tax Period

2023-01-01 to 2023-12-31

MORNING STAR PREPARATORY ACADEMY, founded in 2016, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR EDUCATION PURPOSES, AS A NON- PROFIT ENTITY, TO ESTABLISH, MAINTAIN AND OPERATE EDUCATIONAL INSTITUTIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,226,353

Program Service Revenue $380,843

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,607,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,813,659

Fundraising Expenses $0

Program Expenses $2,718,847

Other Expenses $905,188

TOTAL EXPENSES $2,718,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,607,196	$2,228,229	+0.2%
Expenses	$2,718,847	$1,859,439	+0.5%
Net Income	$-111,651	$368,790	-1.3%

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

117

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

$98,424

Total Directors

$176,061

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWINA JOHNSON	DIRECTOR	40.00	Director	$40,252	$0	$40,252
CARLA PETERSON	VICE PRESIDE	40.00	Director	$37,385	$0	$37,385
REBECCA R OWEN	DIRECTOR	40.00	Officer Director	$98,424	$0	$98,424

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,607,196	$2,718,847	$1,358,077	$-111,651
2022	$2,228,229	$1,859,439	$705,733	$368,790
2021	$1,699,244	$1,628,895	$250,752	$70,349
2020	$1,169,105	$1,240,043	$92,936	$-70,938

MORNING STAR PREPARATORY ACADEMY