KOOL NERD PREP INC (EIN 822518515) - 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

MERISSA SPENCER

Phone

4709806820

Tax Period

2025-01-01 to 2025-12-31

KOOL NERD PREP INC, founded in 2017, is a small nonprofit in the Education sector that reported $202K in total revenue in fiscal year 2025. Revenue decreased 11% compared to the prior year. Expenses of $227K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE STEM BASED EDUCATION, CAREER PREPARATION, EXPOSURE, AND TRAINING TO UNDERSERVED AND UNDEREMPLOYED YOUNG ADULTS THROUGH HANDS-ON EXPERIENCES AN EXPLORATION ACTIVITIES.

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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 $202,487

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $202,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,465

Fundraising Expenses $12,493

Program Expenses $93,080

Other Expenses $164,998

TOTAL EXPENSES $227,463

Year-over-Year Comparison

	2025	2024	Change
Revenue	$202,487	$228,353	-0.1%
Expenses	$227,463	$170,314	+0.3%
Net Income	$-24,976	$58,039	-1.4%

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

N/A

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

$62,465

Total Directors

$62,465

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND A FARQUHARSON	BOARD CHAIRMAN	10.00	Director	$0	$0	$0
STEPHANIE EVANS	BOARD MEMBER	5.00	Director	$0	$0	$0
LUTONYA RUSSELL-HUMES	BOARD MEMBER	5.00	Director	$0	$0	$0
MERISSA SPENCER	EXECUTIVE DIRECTOR	40.00	Officer Director	$62,465	$0	$62,465

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	$202,487	$227,463	$79,352	$-24,976
2024	$228,353	$170,314	$104,328	$58,039

KOOL NERD PREP INC