WESTERN TOLEDO PREPARATORY ACADEMY (EIN 854242322) - 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

C David Massa

Phone

4196971518

Tax Period

2024-07-01 to 2025-06-30

WESTERN TOLEDO PREPARATORY ACADEMY, founded in 2021, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

At Western Toledo Preparatory Academy, our mission is to develop the next generation of student athletes. Our academic and athletic programs teach students how to compete and excel in competitive environments including mindset, motivation, teamwork & toughness.

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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 $5,334,908

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,334,908

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,495,924

Fundraising Expenses $0

Program Expenses $5,750,911

Other Expenses $3,254,987

TOTAL EXPENSES $5,750,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,334,908	$6,176,190	-0.1%
Expenses	$5,750,911	$5,365,985	+0.1%
Net Income	$-416,003	$810,205	-1.5%

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

N/A

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

Total Directors

$4,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shane Logan	Board President	2.0	Director	$1,125	$0	$1,125
Stacie Knapp	Board Member	1.0	Director	$875	$0	$875
Robert Langford	Board Member	1.0	Director	$875	$0	$875
Timothy Monaco	Board Member	1.00	Director	$875	$0	$875
Charles Allen	Board Member	1.00	Director	$375	$0	$375
Lori Bolone	Board Member	1.0	Director	$250	$0	$250

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	$5,334,908	$5,750,911	$3,637,116	$-416,003
2024	$6,176,190	$5,365,985	$3,507,439	$810,205
2022	$2,357,104	$2,170,180	$568,634	$186,924

WESTERN TOLEDO PREPARATORY ACADEMY