ISLAND PREP SCHOOL INC

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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

2020

Legal Domicile

Principal Officer

DANIELLE GWIAZDA

Phone

9043776830

Tax Period

2022-01-01 to 2022-12-31

ISLAND PREP SCHOOL INC, founded in 2020, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2022. Expenses of $1.8M exceeded revenue, resulting in a 20% operating deficit.

Mission

ISLAND PREP IS AN EXTENSION OF THE FAMILIES THAT ARE IN OUR COMMUNITY, SHARING THE SAME VALUES THAT WE EACH HAVE FOR OUR CHILDREN INCLUDING: COMMUNITY, KINDNESS, ACCEPTANCE, NURTURING. WE TEACH THE CHILDREN NOT ONLY READING, WRITING AND ALL THE CORE EDUCATIONAL SUBJECTS BUT WE ALSO INSTILL A READINESS TO HELP OTHERS WHICH OFTEN FOSTERS A SENSE OF COMMUNITY.THIS SCHOOL IS A COMING TOGETHER OF LIKE MINDED NEIGHBORS AND CREATING SOMETHING WONDERFUL FOR OUR CHILDREN THAT WILL ALLOW THEM TO GROW AND BECOME CONTRIBUTING MEMBERS OF OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,848,352 Revenue: $924,491

KINDERGARTEN TO FIFTH GRADE ELEMENTARY SCHOOL

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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 $617,096

Program Service Revenue $924,491

Investment Income $59

Other Revenue $0

TOTAL REVENUE $1,541,646

Expense Breakdown

Grants Paid $500

Salaries & Benefits $929,351

Fundraising Expenses $0

Program Expenses $1,848,352

Other Expenses $918,501

TOTAL EXPENSES $1,848,352

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,541,646	$1,530,288	+0.0%
Expenses	$1,848,352	$1,299,989	+0.4%
Net Income	$-306,706	$230,299	-2.3%

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

$275,860

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE GWIAZDA	EXECUTIVE DIRECTOR	40.00	Director	$65,500	$0	$275,860
RYAN MEYER	TREASURER	1.00	Director	$0	$0	$0
KARA BRYNTESON	SECRETARY	1.00	Director	$0	$0	$0
BECKY WALKER	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2022	$1,541,646	$1,848,352	$217,373	$-306,706
2021	$1,530,288	$1,299,989	$525,837	$230,299
2020	$753,885	$466,436	$292,486	$287,449