X BOYS PREPARATORY SCHOOL INC (EIN 852712055) - 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

2023

Legal Domicile

Principal Officer

King Randall

Phone

2293028010

Tax Period

2024-01-01 to 2024-12-31

X BOYS PREPARATORY SCHOOL INC, founded in 2023, is a small nonprofit in the Human Services sector that reported $665K in total revenue in fiscal year 2024. Revenue surged 117% from the prior year, signaling strong growth momentum. Expenses of $612K left a modest 8% surplus.

Mission

Our mission is to teach boys the true meaning of manhood and to be protectors and providers for their community.

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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 $664,604

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $664,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $612,065

TOTAL EXPENSES $612,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$664,604	$306,525	+1.2%
Expenses	$612,065	$99,050	+5.2%
Net Income	$52,539	$207,475	-0.7%

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

N/A

Employees

N/A

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

$94,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
King Randal	President	75.00	Officer	$0	$0	$0
Travis Cochran	VIce President	50.00	Officer	$0	$0	$0
Tiffany Pitts	Board Member	50.00	Officer	$0	$0	$0
Mario Johnson	Board Member	50.00	Officer	$0	$0	$0
Khadijah Salaam	Staff Member	50.00	Key Emp	$0	$0	$52,000
Bill Brown	Baord Memeber	50.00	Officer	$0	$0	$0
Alexandria Van Dykes	Staff Member	50.00	Key Emp	$0	$0	$42,000
Quantavius McLendon	Staff Member	50.00		$0	$0	$30,000

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
2024	$664,604	$612,065	No data	$52,539
2024	$664,604	$612,065	No data	$52,539
2024	$664,604	$612,065	No data	$52,539

X BOYS PREPARATORY SCHOOL INC