QUAKER PREPARATORY ACADEMY (EIN 845113642) - 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

JULIE ERWIN

Phone

3303640600

Tax Period

2024-07-01 to 2025-06-30

QUAKER PREPARATORY ACADEMY, founded in 2020, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $1.2M left a modest 13% surplus.

Mission

QUAKER PREPARATORY ACADEMYS GOAL IS TO PROVIDE STUDENTS WITH A TRULY INDIVDUALIZED EDUCATION TO MEET THEIR NEEDS AND HELP THEM SUCCEED. QPA OFFERS A VARIETY OF EXCEPTIONAL AND ACREDITED CURRICULAR OPTIONS TO MEET THE INDIVIDUAL UNIQUE NEEDS OF EACTH STUDENT

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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 $179,802

Program Service Revenue $1,113,115

Investment Income $66,700

Other Revenue $605

TOTAL REVENUE $1,360,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $847,726

Fundraising Expenses $0

Program Expenses $1,180,023

Other Expenses $332,297

TOTAL EXPENSES $1,180,023

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,360,222	$1,595,594	-0.1%
Expenses	$1,180,023	$1,163,829	+0.0%
Net Income	$180,199	$431,765	-0.6%

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

$20,253

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE ERWIN	TREASURER	1.00	Officer	$20,253	$0	$20,253
MRS WITTKOP	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
MR KEMP	PRESIDENT	0.00	Officer Director	$0	$0	$0
MR SNYDER	BOARD MEMBER	0.00	Director	$0	$0	$0
MRS STERLING	BOARD MEMBER	0.00	Director	$0	$0	$0
MRS STROUP	BOARD MEMBER	0.00	Director	$0	$0	$0
MRS TRIPLETT	PRESIDENT	0.00	Officer Director	$0	$0	$0
MRS BOND	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
MRS GEORGE	BOARD MEMBER	0.00	Director	$0	$0	$0
MS MCPEEK	BOARD MEMBER	0.00	Director	$0	$0	$0
MS PATTERSON	BOARD MEMBER	0.00	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	$1,360,222	$1,180,023	$2,265,025	$180,199
2024	$1,595,594	$1,163,829	$2,080,982	$431,765
2023	$1,237,767	$1,092,591	$1,665,653	$145,176
2022	$1,270,090	$979,357	$1,050,493	$290,733
2021	$956,527	$671,000	$927,139	$285,527

QUAKER PREPARATORY ACADEMY