ILLINOIS PREPARATORY SCHOOL INC (EIN 844663368) - 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

2020

Legal Domicile

Principal Officer

ROY BOOKER

Phone

5735761858

Tax Period

2020-02-10 to 2020-12-31

ILLINOIS PREPARATORY SCHOOL INC, founded in 2020, is a small nonprofit that reported $156K in total revenue in fiscal year 2020. The organization ran a surplus of $34K, a strong 22% operating margin.

Mission

ILLINOIS PREPARATORY SCHOOL IS A POSTGRADUATE PREPARATORY PROGRAM ON THE CUTTING EDGE OF ATHLETIC INSTRUCTION AND EXPOSURE. THE GOAL AT ILLINOIS PREPARATORY SCHOOL IS SIMPLE: TO HELP OUR PLAYERS PLAY AT THE COLLEGE LEVEL WHILE ALSO HELPING THEM MATURE INTO ADULTHOOD. THE SCHOOL'S OVERALL MISSION IS TO PROVIDE GREAT ATHLETIC TEACHING AND EXPERIENCE WHILE SIMULTANEOUSLY HELPING YOUNG ATHLETES DEVELOP SKILLS THAT WILL BENEFIT THEM THROUGHOUT THEIR LIVES, SUCH AS WORK ETHIC, RESILIENCE, GRIT, INTEGRITY, SELF-AWARENESS, CONTROL, AND STRONG COMMUNICATION SKILLS. THE SCHOOL WAS ORGANIZED EXCLUSIVELY FOR PUBLIC, CHARITABLE, AND/OR EDUCATIONAL PURPOSES WITHIN THE SCOPE OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $156,256

Investment Income $0

Other Revenue $0

TOTAL REVENUE $156,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,383

Fundraising Expenses $0

Program Expenses $105,285

Other Expenses $71,569

TOTAL EXPENSES $121,952

Year-over-Year Comparison

	2020	2019	Change
Revenue	$156,256	N/A	N/A
Expenses	$121,952	N/A	N/A
Net Income	$34,304	N/A	N/A

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

$33,334

Total Directors

$33,334

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROY BOOKER	DIRECTOR	40.00	Officer Director	$16,667	$0	$16,667
TOMMY HOLDER	DIRECTOR	40.00	Officer Director	$16,667	$0	$16,667

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
2020	$156,256	$121,952	$34,304	$34,304

ILLINOIS PREPARATORY SCHOOL INC