PREP PUBLIC SCHOOLS (EIN 813512812) - 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

2017

Legal Domicile

Principal Officer

AARON WEBB

Phone

4236645722

Tax Period

2022-07-01 to 2023-06-30

PREP PUBLIC SCHOOLS, founded in 2017, is a community nonprofit in the Education sector that reported $6.7M in total revenue in fiscal year 2022.

Mission

PREP PUBLIC SCHOOLS IS AN ALL-BOYS PUBLIC CHARTER SCHOOL WITH A MISSION TO ENGAGE YOUNG MEN IN A RIGOROUS YET SUPPORTIVE LEARNING ENVIRONMENT THAT NURTURES RESILIENCE, PROMOTES ACADEMIC EXCELLENCE, INSPIRES LEADERSHIP, AND PREPARES CRITICAL THINKERS. PREP PUBLIC SCHOOLS WELCOMED ITS FIRST CLASS OF 66 SIXTH GRADERS IN AUGUST 2018 AND WILL GROW TO SERVE 350 YOUNG MEN IN GRADES 6-12 OVER THE NEXT SEVEN YEARS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,338,281

Program Service Revenue $342,998

Investment Income $12,541

Other Revenue $-21,684

TOTAL REVENUE $6,672,136

Expense Breakdown

Grants Paid $892,775

Salaries & Benefits $3,973,962

Fundraising Expenses $206,144

Program Expenses $4,903,368

Other Expenses $2,448,849

TOTAL EXPENSES $7,315,586

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,672,136	$6,245,127	+0.1%
Expenses	$7,315,586	$5,214,556	+0.4%
Net Income	$-643,450	$1,030,571	-1.6%

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

$137,499

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON WEBB	CHAIR	5.00	Officer Director	$0	$0	$0
WARD DAVENPORT	VICE CHAIR	5.00	Officer Director	$0	$0	$0
DAVID CAINES	TREASURER	5.00	Officer Director	$0	$0	$0
EDNA VARNER	SECRETARY	5.00	Officer Director	$0	$0	$0
TRICIA ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
TED ALLING	DIRECTOR	1.00	Director	$0	$0	$0
KELLY ALLING	DIRECTOR	1.00	Director	$0	$0	$0
SHEWANEE HOWARD-BAPTISTE	DIRECTOR	1.00	Director	$0	$0	$0
ARMANDO RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
MOISE BAPTISTE	DIRECTOR	1.00	Director	$0	$0	$0
S DAVE BHATTACHARYA MD	DIRECTOR	1.00	Director	$0	$0	$0
BRAD SCOTT	CEO	40.00	Officer	$137,499	$0	$137,499

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	$6,672,136	$7,315,586	$3,014,774	$-643,450
2022	$6,245,127	$5,214,556	$3,883,592	$1,030,571
2021	$3,704,866	$3,676,918	$2,356,561	$27,948
2020	$3,025,093	$2,816,588	$2,594,107	$208,505
2019	$2,267,205	$2,017,396	$2,110,272	$249,809
2018	$2,101,732	$316,363	$1,868,016	$1,785,369

PREP PUBLIC SCHOOLS