GEM PREP MERIDIAN NORTH LLC (EIN 842329869) - 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

BARB FEMREITE

Phone

8008715057

Tax Period

2024-07-01 to 2025-06-30

GEM PREP MERIDIAN NORTH LLC, founded in 2019, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2024.

Mission

To prepare students for success in college and professional technical careers by providing a high quality, personalized, relevant and rigorous education through exceptional teaching, innovative uses of technology and partnerships with families.

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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 $4,619,174

Program Service Revenue $203,961

Investment Income $117,635

Other Revenue $0

TOTAL REVENUE $4,940,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,760,303

Fundraising Expenses $0

Program Expenses $2,373,622

Other Expenses $2,377,738

TOTAL EXPENSES $5,138,041

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,940,770	$4,800,962	+0.0%
Expenses	$5,138,041	$4,822,311	+0.1%
Net Income	$-197,271	$-21,349	+8.2%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON BRANSFORD	DIRECTOR	5.00		$0	$0	$186,509
BRYAN FLETCHER	CFO	5.00		$0	$0	$135,230
DENNIS TURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
BARB FEMREITE	Chairman	1.00	Officer Director	$0	$0	$0
MASON HARPER	BOARD MEMBER	1.00	Director	$0	$0	$0
DUNCAN ROBB	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT LEE	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	$4,940,770	$5,138,041	$12,470,740	$-197,271
2024	$4,800,962	$4,822,311	$12,651,579	$-21,349
2023	$3,639,199	$3,817,060	$12,489,253	$-177,861
2022	$3,024,741	$3,119,955	$12,734,015	$-95,214
2021	$1,617,041	$982,760	$13,633,170	$634,281
2020	$154	$17,329	$1,614,580	$-17,175

GEM PREP MERIDIAN NORTH LLC