South Carolina Preparatory Academy (EIN 844813777) - 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

Alex Zelling

Phone

8649774988

Tax Period

2024-07-01 to 2025-06-30

South Carolina Preparatory Academy, founded in 2019, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring.

Mission

The South Carolina Preparatory Academy's mission is to provide a highly motivational and rigorous curriculum, virtual in nature and classically based to middle and high school students in South Carolina.

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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 $4,071,991

Program Service Revenue $0

Investment Income $0

Other Revenue $21

TOTAL REVENUE $4,072,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,634,100

Fundraising Expenses $0

Program Expenses $3,019,721

Other Expenses $2,326,370

TOTAL EXPENSES $3,960,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,072,012	$8,041,974	-0.5%
Expenses	$3,960,470	$8,040,660	-0.5%
Net Income	$111,542	$1,314	+83.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alex Zelling	Chairman	1.00	Officer Director	$0	$0	$0
Marvin Koon	Secretary	1.00	Officer Director	$0	$0	$0
Matt Bailey	Director	1.00	Director	$0	$0	$0
Diana Betts	Director	1.00	Director	$0	$0	$0
Geoffrey Cumbus	Director	1.00	Director	$0	$0	$0
Dena Garner	Director	1.00	Director	$0	$0	$0
Colby Morris	Director	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	$4,072,012	$3,960,470	$1,649,878	$111,542
2024	$8,041,974	$8,040,660	$531,083	$1,314
2023	$4,302,967	$3,999,918	$514,356	$303,049
2022	$2,094,877	$1,374,472	$316,616	$720,405
2021	$213,154	$251,579	$50,912	$-38,425
2020	No data	$27,456	$3,544	No data

South Carolina Preparatory Academy