KENMORE PREPARATORY ACADEMY (EIN 834157641) - 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

4195740965

Tax Period

2023-07-01 to 2024-06-30

KENMORE PREPARATORY ACADEMY, founded in 2019, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2023. Expenses of $6.5M exceeded revenue, resulting in a 34% operating deficit.

Mission

Toledo Preparatory Academy is a learning community which values high expectations for both academics and behavior. Our staff embraces students, families, and communities to build and develop well-rounded individuals who are independent critical thinkers and intrinsically motivated to be life-long learners. We believe that all children can learn as we seek to make a difference in the lives of our students.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,857,076

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,857,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,035,950

Fundraising Expenses $0

Program Expenses $6,530,076

Other Expenses $3,494,126

TOTAL EXPENSES $6,530,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,857,076	$4,896,712	0.0%
Expenses	$6,530,076	$5,334,520	+0.2%
Net Income	$-1,673,000	$-437,808	+2.8%

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

$2,875

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stacie Knapp	Board Member	1.00	Director	$875	$0	$875
Shane Logan	Board President	2	Director	$875	$0	$875
Robert Langford	Board Member	1.00	Director	$750	$0	$750
Timothy Monaco	Board Member	1	Director	$375	$0	$375

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	$4,857,076	$6,530,076	$3,027,717	$-1,673,000
2023	$4,896,712	$5,334,520	$3,724,522	$-437,808
2022	$5,566,448	$5,122,048	$3,659,388	$444,400
2021	$4,229,777	$4,048,463	$2,364,873	$181,314
2020	$2,501,323	$2,273,053	$376,501	$228,270

KENMORE PREPARATORY ACADEMY