Ashe Preparatory Academy (EIN 820670793) - 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

Debra Sullivan

Phone

2068586431

Tax Period

2019-01-01 to 2019-12-31

Ashe Preparatory Academy, founded in 2017, is a small nonprofit that reported $880K in total revenue in fiscal year 2019. Revenue surged 112% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 19% operating deficit.

Mission

Ashe Preparatory Academy's mission is to cultivate the genius of a diverse population of students and prepare them to excel in high school, college, and career adn to serve as leaders in and for their communities.

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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 (2019)

Revenue Breakdown

Contributions & Grants $639,547

Program Service Revenue $240,069

Investment Income $219

Other Revenue $0

TOTAL REVENUE $879,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $500,669

Fundraising Expenses $28,901

Program Expenses $976,629

Other Expenses $550,443

TOTAL EXPENSES $1,051,112

Year-over-Year Comparison

	2019	2018	Change
Revenue	$879,835	$415,132	+1.1%
Expenses	$1,051,112	$185,336	+4.7%
Net Income	$-171,277	$229,796	-1.7%

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

$9,167

Total Directors

$9,167

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Casey Castello	Board Member	2.00	Director	$0	$0	$0
Edward Jefferson	Board Member	2.00	Director	$0	$0	$0
Debra Sullivan	Executive Director	20.00	Officer Director	$9,167	$0	$9,167
Marjon Way-Bokanna	Board Member	2.00	Director	$0	$0	$0
Khavin Debbs	Board Member	2.00	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
2019	$879,835	$1,051,112	$108,786	$-171,277
2018	$415,132	$185,336	$229,796	$229,796

Ashe Preparatory Academy