TRU PREP ACADEMY INC

EIN: 815465220 501(c)(3) Education

MIAMI LAKES, FL

Total Revenue
$1,559,579
Total Expenses
$1,135,492
Total Assets
$591,558
Net Assets
$443,481
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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
FL
Tax Period
2023-01-01 to 2023-12-31

TRU PREP ACADEMY INC, founded in 2017, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. The organization ran a surplus of $424K, a strong 27% operating margin.

Mission

OUR MISSION IS TO STIMULATE, EDUCATE, AND MOTIVATE THE MINDS OF STUDENTS AT OUR ACADEMY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $41,741
Program Service Revenue $1,517,838
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,559,579

Expense Breakdown

Grants Paid $0
Salaries & Benefits $295,412
Fundraising Expenses $0
Program Expenses $1,135,492
Other Expenses $840,080
TOTAL EXPENSES $1,135,492

Year-over-Year Comparison

2023 2022 Change
Revenue $1,559,579 N/A N/A
Expenses $1,135,492 N/A N/A
Net Income $424,087 N/A 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

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Governance

Voting Members
4
Independent Members
N/A
Employees
9
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIO SMITH EXECUTIVE DIRECTOR 40.00
Officer
$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
2023 $1,559,579 $1,135,492 $591,558 $424,087
2022 $716,140 $666,994 $203,999 $49,146
2021 $922,219 $867,847 $109,997 $54,372
2020 $807,077 $809,751 $55,625 $-2,674
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