LITTLE WATER PREPARATORY CHARTER S… - 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

ANTOINETTE KANE

Phone

8455577401

Tax Period

2024-07-01 to 2025-06-30

LITTLE WATER PREPARATORY CHARTER SCHOOL, founded in 2021, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

IN PARTNERSHIP WITH THE COMMUNITY, LITTLE WATER PREP PROVIDES AN AFFIRMING AND RIGOROUS ENVIRONMENT FOR ALL K-5 SCHOLARS THROUGH REFLECTIVE, DATA-DRIVEN TEACHING AND A RESPONSIVE CURRICULUM THAT ALLOWS SCHOLARS TO RECOGNIZE THEIR POWER AND HAVE AGENCY OVER THEIR FUTURES.

Program Service Accomplishments

Program 1

Expenses: $2,793,935

LITTLE WATER PREP PROVIDES YOUR CHILD WITH THE SKILLS, CONFIDENCE, AND KNOWLEDGE TO THRIVE.

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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 $3,231,635

Program Service Revenue $0

Investment Income $0

Other Revenue $91

TOTAL REVENUE $3,231,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,805,522

Fundraising Expenses $0

Program Expenses $2,793,935

Other Expenses $1,610,439

TOTAL EXPENSES $3,415,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,231,726	$2,971,696	+0.1%
Expenses	$3,415,961	$2,863,388	+0.2%
Net Income	$-184,235	$108,308	-2.7%

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

$145,899

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORDAN SCHINELLA	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
TANICQUA PRYOR	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVEN STROM	TREASURER	1.00	Officer Director	$0	$0	$0
TALENT DAVIS	ACADEMIC COMMITTEE	1.00	Director	$0	$0	$0
FELICIA SCHINELLA	ACADEMIC COMMITTEE (THROUGH 10/24)	1.00	Director	$0	$0	$0
NICHOLAS ENNIS	FINANCE COMMITTEE	1.00	Director	$0	$0	$0
ANTOINETTE KANE	FOUNDER, CEO	40.00	Officer	$132,483	$13,416	$145,899

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	$3,231,726	$3,415,961	$3,989,471	$-184,235
2024	No data	No data	No data	No data
2023	$2,634,401	$2,227,745	$4,641,424	$406,656

LITTLE WATER PREPARATORY CHARTER SCHOOL