MARION PREPARATORY ACADEMY (EIN 825334062) - 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

2019

Legal Domicile

Principal Officer

C David Massa

Phone

7409143050

Tax Period

2024-07-01 to 2025-06-30

MARION PREPARATORY ACADEMY, founded in 2019, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 54% operating deficit.

Mission

Marion Preparatory Academy's rigorous academic program exceeds Ohio state standards to provide children a strong academic foundation and prepare students for college and career.

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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 $1,803,654

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,803,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,252,786

Fundraising Expenses $0

Program Expenses $2,782,542

Other Expenses $1,529,756

TOTAL EXPENSES $2,782,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,803,654	$2,342,179	-0.2%
Expenses	$2,782,542	$3,247,114	-0.1%
Net Income	$-978,888	$-904,935	+0.1%

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

Total Directors

$5,125

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Lehr	Board Member	1.0	Director	$1,125	$0	$1,125
Rex Ballinger	Board Member	1.0	Director	$1,125	$0	$1,125
Rick Huddle	Board Member	1.0	Director	$1,000	$0	$1,000
Dave Cooke	Board President	2.0	Director	$1,000	$0	$1,000
Kathy Greenwood	Board Member	1.0	Director	$875	$0	$875

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	$1,803,654	$2,782,542	$1,852,414	$-978,888
2024	No data	No data	No data	No data
2023	$3,187,476	$3,412,985	$2,832,914	$-225,509
2022	$3,223,457	$2,996,563	$3,081,416	$226,894
2021	$2,620,193	$2,550,210	$1,332,390	$69,983
2020	$1,068,170	$1,506,370	$263,968	$-438,200

MARION PREPARATORY ACADEMY