PROVIDENCE PREPARATORY CHARTER SCHOOL (EIN 852193353) - 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

2021

Legal Domicile

Principal Officer

TOBY SHEPHERD

Phone

4019001900

Tax Period

2024-07-01 to 2025-06-30

PROVIDENCE PREPARATORY CHARTER SCHOOL, founded in 2021, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

THE MISSION OF PVD PREP IS TO PREPARE A DIVERSE GROUP OF PROVIDENCE MIDDLE SCHOOL STUDENTS FOR COLLEGE PREPARATORY HIGH SCHOOLS.

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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 $8,624

Program Service Revenue $5,340,910

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,349,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,638,522

Fundraising Expenses $0

Program Expenses $4,553,901

Other Expenses $1,827,344

TOTAL EXPENSES $5,465,866

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,349,534	$5,972,101	-0.1%
Expenses	$5,465,866	$5,978,117	-0.1%
Net Income	$-116,332	$-6,016	+18.3%

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

$143,451

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHACE BAPTISTA	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
SHANTE ROSS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TED LONG	SECRETARY	2.00	Officer Director	$0	$0	$0
LAURA RIJO FLORIMON	TREASURER	2.00	Officer Director	$0	$0	$0
GARRY BLISS	DIRECTOR	2.00	Director	$0	$0	$0
LYNN JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
BRITTANY ORTIZ	DIRECTOR	2.00	Director	$0	$0	$0
COLLEEN COLARUSSO	DIRECTOR	2.00	Director	$0	$0	$0
LUIS VARGAS	DIRECTOR	2.00	Director	$0	$0	$0
IRENE YIBIRIN	DIRECTOR	2.00	Director	$0	$0	$0
FRED SAUNDERS	DIRECTOR	2.00	Director	$0	$0	$0
TOBY SHEPHERD	HEAD OF SCHOOL	40.00	Officer	$143,451	$0	$143,451
MARY ZMETRA	SPECIAL EDUCATION DIRECTOR	40.00	Highest	$125,633	$0	$125,633
TANISHA WATKINS	ASSISTANT HEAD OF SCHOOL, OPERATIONS	40.00	Highest	$105,121	$0	$105,121
CONOR SHEEHAN	ASSISTANT HEAD OF SCHOOL, STUDENT AFFAIRS	40.00	Highest	$110,499	$0	$110,499

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	$5,349,534	$5,465,866	$2,104,906	$-116,332
2024	$5,972,101	$5,978,117	$2,397,871	$-6,016
2023	$4,449,805	$4,068,842	$2,120,769	$380,963
2022	$3,314,834	$2,922,797	$663,816	$392,037
2021	$415,097	$306,680	$377,945	$108,417

PROVIDENCE PREPARATORY CHARTER SCHOOL