Alturas Preparatory Academy Inc (EIN 853948402) - 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

Brian Bingham

Phone

2085225145

Tax Period

2024-07-01 to 2025-06-30

Alturas Preparatory Academy Inc, founded in 2020, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $6.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

Public Education.

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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 $5,295,203

Program Service Revenue $0

Investment Income $246,397

Other Revenue $0

TOTAL REVENUE $5,541,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,337,747

Fundraising Expenses $0

Program Expenses $5,845,843

Other Expenses $2,933,837

TOTAL EXPENSES $6,271,584

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,541,600	$4,823,292	+0.1%
Expenses	$6,271,584	$4,969,160	+0.3%
Net Income	$-729,984	$-145,868	+4.0%

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

$159,647

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Bingham	Administrator	40.00	Officer	$107,397	$14,053	$121,450
Reece Drkula	Principal	40.00	Officer	$33,777	$4,420	$38,197
Shay Mattingly	Member	1.00	Director	$0	$0	$0
Candise Gilbert	Chair	1.00	Officer Director	$0	$0	$0
Jaime Mayo	Secretary	1.00	Officer Director	$0	$0	$0
Lee Stimpson	Treasurer	1.00	Officer Director	$0	$0	$0
Richa Sabharwall	Assistant Sec	1.00	Officer Director	$0	$0	$0
Tharon Hall	Member	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	$5,541,600	$6,271,584	$19,966,053	$-729,984
2024	$4,823,292	$4,969,160	$4,963,065	$-145,868
2023	$3,890,725	$4,213,836	$5,398,550	$-323,111
2022	$4,957,724	$3,405,658	$5,186,950	$1,552,066

Alturas Preparatory Academy Inc