ICON PREPARATORY SCHOOL INC (EIN 823938655) - 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

2018

Legal Domicile

Principal Officer

DWAYNE RAIFORD

Phone

8139673000

Tax Period

2024-07-01 to 2025-06-30

ICON PREPARATORY SCHOOL INC, founded in 2018, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE A COMPREHENSIVE COLLEGE PREPARATORY EDUCATION AND CHARACTER DEVELOPMENT TO STUDENTS THAT LEADS TO THEIR SUCCESS IN COLLEGE AND LIFE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,401,800

Program Service Revenue $5,174,673

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,576,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,430,691

Fundraising Expenses $0

Program Expenses $5,714,625

Other Expenses $3,020,472

TOTAL EXPENSES $6,451,163

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,576,473	$4,214,664	+0.6%
Expenses	$6,451,163	$4,257,754	+0.5%
Net Income	$125,310	$-43,090	-3.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWAYNE RAIFORD	PRESIDENT	40.00	Director Key Emp	$0	$0	$0
NADINE HOLLAND	SECRETARY	5.00	Director Key Emp	$0	$0	$0
JONATHAN SANDERS	DIRECTOR	5.00	Director Key Emp	$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
2025	$6,576,473	$6,451,163	$7,800,029	$125,310
2024	$4,214,664	$4,257,754	$8,004,739	$-43,090
2023	$4,253,703	$4,759,701	$2,245,211	$-505,998
2022	$3,987,792	$3,589,552	$2,740,902	$398,240
2021	$3,200,785	$2,917,484	$811,108	$283,301
2020	$2,346,358	$2,047,760	$240,596	$298,598
2019	$1,046,183	$1,239,133	$85,152	$-192,950

ICON PREPARATORY SCHOOL INC