Wake Preparatory Academy (EIN 813748488) - 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

2022

Legal Domicile

Principal Officer

W Corwin

Tax Period

2024-07-01 to 2025-06-30

Wake Preparatory Academy, founded in 2022, is a mid-sized nonprofit in the Education sector that reported $30.6M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

Operation of a North Carolina public charter school

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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 $839,565

Program Service Revenue $29,809,961

Investment Income $0

Other Revenue $0

TOTAL REVENUE $30,649,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,948,001

Fundraising Expenses $0

Program Expenses $18,809,730

Other Expenses $16,705,613

TOTAL EXPENSES $30,653,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,649,526	$25,537,660	+0.2%
Expenses	$30,653,614	$24,954,907	+0.2%
Net Income	$-4,088	$582,753	-1.0%

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

313

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
Kyle Shrauger	President	002.00	Officer Director	$0	$0	$0
Michael Featham	Vice President	002.00	Officer Director	$0	$0	$0
Tammy Alexander	Treasurer	002.00	Officer Director	$0	$0	$0
Dustin Baptiste	Secretary	002.00	Officer Director	$0	$0	$0
Valeska Lipani-Garrett	Board Member	001.00	Director	$0	$0	$0
Rev Dr William Seaman	Board Member	001.00	Director	$0	$0	$0
Rev Larry Wilder	Board Member	001.00	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	$30,649,526	$30,653,614	$41,434,344	$-4,088
2024	$25,537,660	$24,954,907	$43,456,530	$582,753
2023	$18,153,112	$19,972,837	$45,359,098	$-1,819,725

Wake Preparatory Academy