PREA FOUNDATION INC (EIN 821060870) - 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

IVAN BARRON

Phone

8606926341

Tax Period

2025-01-01 to 2025-12-31

PREA FOUNDATION INC, founded in 2017, is a community nonprofit in the Employment sector that reported $5.8M in total revenue in fiscal year 2025. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 26% operating margin.

Mission

CREATING OPPORTUNITIES FOR PEOPLE FROM ALL BACKGROUNDS TO ACCESS AND EXCEL IN THE COMMERCIAL REAL ESTATE INDUSTRY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $5,181,643

Program Service Revenue $0

Investment Income $624,528

Other Revenue $0

TOTAL REVENUE $5,806,171

Expense Breakdown

Grants Paid $3,223,273

Salaries & Benefits $655,805

Fundraising Expenses $378,811

Program Expenses $3,607,943

Other Expenses $432,722

TOTAL EXPENSES $4,311,800

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,806,171	$14,098,469	-0.6%
Expenses	$4,311,800	$3,712,060	+0.2%
Net Income	$1,494,371	$10,386,409	-0.9%

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

$354,026

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH HARMON	CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN FAXON	PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDA ASSANTE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DHVANI SHAH	TREASURER	1.00	Officer Director	$0	$0	$0
MANNY CASANGA	SECRETARY	1.00	Officer Director	$0	$0	$0
KIMBERLY ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
DEAN ADLER	DIRECTOR	1.00	Director	$0	$0	$0
ANAR CHUDGAR	DIRECTOR (EX-OFFICIO)	1.00	Director	$0	$0	$0
KHALIF EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY FINE	DIRECTOR	1.00	Director	$0	$0	$0
GAIL HAYNES	DIRECTOR (EX-OFFICIO)	1.00	Director	$0	$0	$0
SONNY KALSI	DIRECTOR	1.00	Director	$0	$0	$0
ZANETA KOPLEWICZ	DIRECTOR	1.00	Director	$0	$0	$0
ERIC LANG	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS LEE	DIRECTOR	1.00	Director	$0	$0	$0
CATHY MARCUS	DIRECTOR	1.00	Director	$0	$0	$0
ALFONSO MUNK	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA NUNNINK	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA SCARLATO	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN SLAGER	DIRECTOR	1.00	Director	$0	$0	$0
ARTURO SNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
DENISE STAKE	DIRECTOR	1.00	Director	$0	$0	$0
SALLY STOCKS	DIRECTOR	1.00	Director	$0	$0	$0
IVAN BARRON	EXECUTIVE DIRECTOR	40.00	Officer	$324,244	$29,782	$354,026

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	$5,806,171	$4,311,800	$39,112,829	$1,494,371
2024	$14,098,469	$3,712,060	$35,763,271	$10,386,409
2023	$4,481,458	$3,288,293	$24,550,282	$1,193,165
2022	$9,656,557	$1,773,490	$23,190,569	$7,883,067
2021	$2,684,612	$1,531,944	$15,344,989	$1,152,668
2020	$648,969	$1,005,755	$14,168,741	$-356,786
2019	$4,107,208	$288,332	$14,559,053	$3,818,876
2018	$3,001,414	$191,635	$10,906,640	$2,809,779

PREA FOUNDATION INC