PRELUDE PREPARATORY INC (EIN 832450807) - 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

KIM MUNOZ

Phone

2107807661

Tax Period

2022-07-01 to 2023-06-30

PRELUDE PREPARATORY INC, founded in 2018, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 48% operating deficit.

Mission

THROUGH AN EMPHASIS ON PERSONAL AND ACADEMIC EXCELLENCE, PRELUDE PREPARATORY SCHOOL EQUIPS PREKINDERGARTEN THROUGH EIGHTH GRADE STUDENTS WITH THE FOUNDATION TO SUCCEED IN SCHOOL, LIVE PURPOSEFUL PURPOSEFULLIVES, AND BECOME LEADERS IN THEIR COMMUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $672,206

Program Service Revenue $726,252

Investment Income $137,347

Other Revenue $0

TOTAL REVENUE $1,535,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $804,257

Fundraising Expenses $0

Program Expenses $1,931,680

Other Expenses $1,463,053

TOTAL EXPENSES $2,267,310

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,535,805	$1,971,613	-0.2%
Expenses	$2,267,310	$1,852,179	+0.2%
Net Income	$-731,505	$119,434	-7.1%

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

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

$8,949

Total Directors

$8,949

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN VIOLA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SANCHEZ	DIRECTOR	1.00	Director	$0	$0	$0
KIM MUNOZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER PAQUETTE	TREASURER	1.00	Officer Director	$0	$0	$0
DR DENISE MINER-WILLIAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
LAUREN E LEWIS	SUPERINTENDENT	40.00	Officer Director	$8,949	$0	$8,949

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,535,805	$2,267,310	$8,910,171	$-731,505
2022	$1,971,613	$1,852,179	$9,350,075	$119,434

PRELUDE PREPARATORY INC