ACADEMY PREP CENTER OF LAKELAND INC (EIN 824257263) - 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

TERRI SCARCELLI EA

Phone

8639408900

Tax Period

2024-06-01 to 2025-05-31

ACADEMY PREP CENTER OF LAKELAND INC, founded in 2018, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO INSPIRE AND EMPOWER STUDENTS QUALIFYING FOR NEED-BASED SCHOLARSHIPS TO BECOME FUTURE COMMUNITY LEADERS THROUGH A RIGOROUS MIDDLE SCHOOL PROGRAM COUPLED WITH ONGOING GRADUATE SUPPORT.

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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 $1,945,182

Program Service Revenue $1,018,009

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,963,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,246,834

Fundraising Expenses $261,411

Program Expenses $2,656,898

Other Expenses $908,084

TOTAL EXPENSES $3,154,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,963,191	$2,416,659	+0.2%
Expenses	$3,154,918	$2,952,303	+0.1%
Net Income	$-191,727	$-535,644	-0.6%

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

350

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

$486,728

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK BARNETT	CHAIR	2.50	Officer Director	$0	$0	$0
NATALI REYES	VICE CHAIR	2.50	Officer Director	$0	$0	$0
WILLIAM VASS	TREASURER	2.50	Officer Director	$0	$0	$0
MARIANNE PARSONS	TRUSTEE	2.50	Director	$0	$0	$0
PAUL L WHITING SR	TRUSTEE	2.50	Director	$0	$0	$0
LINCOLN TAMAYO	INTERIM HEAD OF SCHOOL	10.00	Officer	$66,957	$21,544	$261,336
MONICA POLLOCK	HEAD OF SCHOOL	40.00	Officer	$100,109	$7,850	$107,959
TERRI SCARCELLI	CFO	5.00	Officer	$0	$8,582	$117,433

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	$2,963,191	$3,154,918	$507,025	$-191,727
2024	$2,416,659	$2,952,303	$708,325	$-535,644
2023	$3,406,742	$3,017,725	$1,234,942	$389,017
2022	$1,503,089	$2,422,251	$779,784	$-919,162
2021	$1,822,089	$1,837,222	$1,924,383	$-15,133
2020	$5,982,064	$1,522,635	$1,941,177	$4,459,429
2019	$7,234,689	$271,577	$7,940,063	$6,963,112

ACADEMY PREP CENTER OF LAKELAND INC