HOPE PREPARATORY SCHOOL INC (EIN 825514146) - 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

HERBERT SPEAR

Phone

2525494164

Tax Period

2024-08-01 to 2025-07-31

HOPE PREPARATORY SCHOOL INC, founded in 2018, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PREPARE THE YOUTH OF OUR CITY TO THRIVE THROUGH A CHRISTIAN CENTERED EDUCAITON.

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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 $176,673

Program Service Revenue $1,138,309

Investment Income $11,761

Other Revenue $9,135

TOTAL REVENUE $1,335,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,073,060

Fundraising Expenses $0

Program Expenses $1,134,110

Other Expenses $278,729

TOTAL EXPENSES $1,351,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,335,878	$1,217,899	+0.1%
Expenses	$1,351,789	$1,177,455	+0.1%
Net Income	$-15,911	$40,444	-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

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

$67,059

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE SPEAR	HEAD OF SCHO	40.00	Director	$67,059	$0	$67,059
DAVID EDWARDS	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBBIE JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
REGENIA JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELIA SHEPHERD	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
HERBERT SPEAR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JUSTIN TILGHMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN VERNON	BOARD MEMBER	1.00	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
2025	$1,335,878	$1,351,789	$385,473	$-15,911
2024	$1,217,899	$1,177,455	$393,660	$40,444
2023	$832,567	$798,039	$315,603	$34,528
2022	$463,106	$452,605	$281,075	$10,501
2021	$369,273	$278,076	$270,574	$91,197

HOPE PREPARATORY SCHOOL INC