Tucson Preparatory School (EIN 860913009) - 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

1998

Legal Domicile

Principal Officer

JOSEPH LECHUGA

Phone

5206224185

Tax Period

2024-07-01 to 2025-06-30

Tucson Preparatory School, founded in 1998, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO OPERATE A CHARTER SCHOOL SPONSORED BY THE ARIZONA STATE BOARD FOR CHARTER SCHOOLS, WICH MANDATES POLICIES AND OPERATIONAL GUIDELINES, TO APPROXIMATELY 100 HIGH SCHOOL STUDENTS IN TUCSON, ARIZONA.

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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 $1,189,322

Program Service Revenue $0

Investment Income $35

Other Revenue $0

TOTAL REVENUE $1,189,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,041,245

Fundraising Expenses $0

Program Expenses $1,092,227

Other Expenses $457,500

TOTAL EXPENSES $1,498,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,189,357	$1,537,419	-0.2%
Expenses	$1,498,745	$1,594,405	-0.1%
Net Income	$-309,388	$-56,986	+4.4%

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

$109,221

Total Directors

$9,830

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Guadalupe Castillo	Director	1.00	Director	$0	$0	$0
Mary Cowan	Director	1.00	Officer Director	$0	$0	$0
Efrain Romero	DIRECTOR	10.00	Director	$9,830	$0	$9,830
JoAnn D Sullivan	Executive Director	40.00	Officer	$35,336	$0	$35,336
MARK VONDESTINON	PRESIDENT/CHARTER REP	1.00	Officer Director	$0	$0	$0
RYAN GRIMM	Director/Charter Representative	1.00	Officer Director	$0	$0	$0
JOSEPH J LECHUGA	EXECUTIVE DIRECTOR	40.00	Officer	$73,885	$0	$73,885

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	$1,189,357	$1,498,745	$938,459	$-309,388
2024	$1,537,419	$1,594,405	$1,271,049	$-56,986
2023	$1,746,142	$1,636,917	$1,362,996	$109,225
2022	$1,591,779	$1,524,971	$1,249,182	$66,808
2021	$1,608,909	$1,548,114	$1,397,380	$60,795

Tucson Preparatory School