TRENTON CATHOLIC PREPARATORY ACADE… - Form 990 Financial Data

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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

MARGARET FLOOD

Phone

6095863705

Tax Period

2024-07-01 to 2025-06-30

TRENTON CATHOLIC PREPARATORY ACADEMY A NJ NONPROFIT CORPORATION, founded in 2021, is a small nonprofit that reported $248K in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $547K exceeded revenue, resulting in a 121% operating deficit.

Mission

TO EDUCATE A DIVERSE PREK-12 STUDENT BODY TO BE RESPONSIBLE CITIZENS OF A GLOBAL SOCIETY THROUGH A CHALLENGING AND RELEVANT CURRICULUM CENTERED IN CATHOLIC TRADITIONS AND VALUES.

Program Service Accomplishments

Program 1

Expenses: $467,633 Revenue: $51,006

PROVIDES EDUCATION INSTRUCTION TO STUDENTS FROM PRE-SCHOOL THROUGH 12TH GRADE.

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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 $189,141

Program Service Revenue $51,056

Investment Income $0

Other Revenue $8,023

TOTAL REVENUE $248,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,020

Fundraising Expenses $0

Program Expenses $467,633

Other Expenses $154,451

TOTAL EXPENSES $547,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$248,220	$4,526,687	-0.9%
Expenses	$547,471	$4,524,210	-0.9%
Net Income	$-299,251	$2,477	-121.8%

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
TRACEY DESTRIBATS	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN RITTLEY ESQ	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET FLOOD	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSEPH O'GORMAN JR	TRUSTEE	1.00	Director	$0	$0	$0
PAUL PENNACCHI	TRUSTEE	0.50	Director	$0	$0	$0
DENISE VIOLA	TREASURER	10.00	Officer 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	$248,220	$547,471	$248,469	$-299,251
2025	$323,413	$61,295	No data	$262,118
2024	No data	No data	No data	No data
2023	$4,244,645	$4,292,346	$559,237	$-47,701
2022	$4,065,554	$4,252,458	$327,069	$-186,904
2021	$225,797	$28,408	$219,479	$197,389

TRENTON CATHOLIC PREPARATORY ACADEMY A NJ NONPROFIT CORPORATION