Innova Preparatory School (EIN 861903064) - 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

DR ZACH MURPHY

Phone

6019096605

Tax Period

2025-01-01 to 2025-12-31

Innova Preparatory School, founded in 2021, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2025.

Mission

TO PROVIDE A SAFE, NURTURING CO-EDUCATIONAL LEARNING ENVIRONMENT THAT BALANCES GIFTED EDUCATION WHILE INTEGRATING SOCIAL, EMOTIONAL, AND BEHAVIORAL SUPPORT FOR UPPER ELEMENTARY, MIDDLE OR HIGH SCHOOL STUDENTS WHO MAY NOT FULLY EXPRESS PERSONAL GIFTS AND TALENTS BECAUSE OF A SPECIFIC LEARNING DISABILITY OR RELATED HEALTH IMPAIRMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $16,799

Program Service Revenue $1,018,188

Investment Income $118

Other Revenue $0

TOTAL REVENUE $1,035,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $724,517

Fundraising Expenses $1,265

Program Expenses $1,007,079

Other Expenses $369,017

TOTAL EXPENSES $1,094,799

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,035,105	$1,001,047	+0.0%
Expenses	$1,094,799	$967,661	+0.1%
Net Income	$-59,694	$33,386	-2.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ZACH MURPHY	President	40.00	Officer Director	$0	$0	$0
BRIDGETTE LEE	Vice President	0.00	Director	$0	$0	$0
SARON HENDERSON	Secretary	0.00	Director	$0	$0	$0
JARROD GANT	CHAIR & TREAS.	0.00	Director	$0	$0	$0
JULIE EMFINGER	MEMBER	0.00	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	$1,035,105	$1,094,799	$194,481	$-59,694
2024	No data	No data	No data	No data
2023	$790,786	$801,045	$234,939	$-10,259
2022	$925,776	$922,171	$245,197	$3,605
2021	$1,034,679	$793,087	$241,592	$241,592

Innova Preparatory School