NORTHLAND PREPARATORY ACADEMY (EIN 860831749) - 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

1996

Legal Domicile

Principal Officer

DAVID LYKINS

Phone

9282148776

Tax Period

2024-07-01 to 2025-06-30

NORTHLAND PREPARATORY ACADEMY, founded in 1996, is a community nonprofit in the Education sector that reported $8.0M in total revenue in fiscal year 2024. Expenses of $7.4M left a modest 7% surplus.

Mission

NORTHLAND PREPARATORY ACADEMY PROVIDES A COORDINATED, INDIVIDUALIZED PROGRAM OF STUDY THAT PROMOTES ACADEMIC EXCELLENCE AND PROVIDES EDUCATIONAL OPPORTUNITIES FOR SERIOUS MIDDLE AND HIGH SCHOOL STUDENTS, REGARDLESS OF GENDER, ETHNIC ORIGIN, ECONOMIC OR ACADEMIC ABILITY.

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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 $441,673

Program Service Revenue $7,337,944

Investment Income $124,074

Other Revenue $101,048

TOTAL REVENUE $8,004,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,353,893

Fundraising Expenses $0

Program Expenses $6,149,909

Other Expenses $2,062,715

TOTAL EXPENSES $7,416,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,004,739	$8,203,569	0.0%
Expenses	$7,416,608	$7,654,534	0.0%
Net Income	$588,131	$549,035	+0.1%

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

$186,446

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LYKINS	SUPERINTENDE	40.00	Officer	$164,002	$22,444	$186,446
SCOTT KELLER	PRESIDENT	2.00	Officer Director	$0	$0	$0
NIHAL SARIKAYA	PRIOR PRESID	2.00	Officer Director	$0	$0	$0
IAN CRIBBS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ALICIA VAUGHAN	SECRETARY	2.00	Officer Director	$0	$0	$0
SUSAN MCCULLOUGH	TREASURER	2.00	Officer Director	$0	$0	$0
BRIAN VAN MEERTEN	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT WOLFORD	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL SHAFER	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS PHILLIPS	DIRECTOR	2.00	Director	$0	$0	$0
LUKE PLONSKY	DIRECTOR	2.00	Director	$0	$0	$0
CRYSTAL HEPP	DIRECTOR	2.00	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	$8,004,739	$7,416,608	$14,399,168	$588,131
2024	$8,203,569	$7,654,534	$11,004,563	$549,035
2023	$7,794,602	$7,330,126	$10,554,079	$464,476
2022	$6,824,474	$6,778,870	$10,230,095	$45,604
2021	$7,245,551	$6,425,997	$10,418,450	$819,554
2020	$6,455,899	$6,350,013	$9,775,565	$105,886
2019	$5,968,723	$5,914,778	$9,749,288	$53,945
2018	$5,862,180	$5,916,369	$9,929,189	$-54,189

NORTHLAND PREPARATORY ACADEMY