REVE PREPARATORY INC (EIN 822809171) - 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

DR TOSCHA DICKERSON

Phone

8329822083

Tax Period

2023-07-01 to 2024-06-30

REVE PREPARATORY INC, founded in 2017, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $5.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

EDUCATING KINDERGARTEN THROUGH GRADE EIGHT FOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND BEYOND, REVE PREPARATORY CHARTER SCHOOL ENSURES RIGOROUS ACADEMICS, INDIVIDUALIZED SUPPRT, AND PURPOSEFUL CHARACTER DEVELOPMENT FOR EVERY STUDENT, EVERY DAY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,987,005

Program Service Revenue $0

Investment Income $432,400

Other Revenue $0

TOTAL REVENUE $4,419,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,836,366

Fundraising Expenses $0

Program Expenses $4,457,327

Other Expenses $3,164,755

TOTAL EXPENSES $5,001,121

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,419,405	$3,950,890	+0.1%
Expenses	$5,001,121	$3,858,404	+0.3%
Net Income	$-581,716	$92,486	-7.3%

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

$153,744

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACI E THIBODEAUX	OUTGOING SUP	40.00	Officer	$131,364	$0	$131,364
DR TOSCHA DICKERSON	SUPERINTENDE	40.00	Officer	$22,380	$0	$22,380
AMI ARIEF	MEMBER	2.00	Director	$0	$0	$0
PAUL BELIN	TREASURER	2.00	Officer Director	$0	$0	$0
TONYA DAVIS	MEMBER	2.00	Director	$0	$0	$0
MICHELLE FARRIS	MEMBER	2.00	Director	$0	$0	$0
ERIK GOMEZ	BOARD CHAIR	2.00	Officer 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
2024	$4,419,405	$5,001,121	$25,292,007	$-581,716
2023	$3,950,890	$3,858,404	$27,812,370	$92,486
2022	$3,160,834	$3,312,303	$11,610,120	$-151,469
2021	$2,039,686	$1,698,792	$874,512	$340,894
2020	$1,465,336	$1,268,768	$518,885	$196,568
2019	$536,156	$352,442	$243,618	$183,714

REVE PREPARATORY INC