CARLSBAD PREPARATORY ACADEMY

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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

ASHLEY WALTERSCHEID

Tax Period

2023-01-01 to 2023-12-31

CARLSBAD PREPARATORY ACADEMY, founded in 2021, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $491K, a strong 32% operating margin.

Mission

TO PROVIDE A CLASSICAL EDUCATION AND A DYNAMIC NURTURING ENVIRONMENT IN WHICH STUDENTS ARE ENCOURAGED TO BECOME ACTIVE AND LIFELONG PARTICIPANTS IN THE LEARNING PROCESS.

Program Service Accomplishments

Program 1

Expenses: $985,374 Revenue: $541,282

TO PROVIDE A CLASSICAL EDUCATION AND A DYNAMIC NURTURING ENVIRONMENT IN WHICH STUDENTS ARE ENCOURAGED TO BECOME ACTIVE AND LIFELONG PARTICIPANTS IN THE LEARNING PROCESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,004,387

Program Service Revenue $541,282

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,545,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $576,313

Fundraising Expenses $0

Program Expenses $985,374

Other Expenses $478,200

TOTAL EXPENSES $1,054,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,545,669	$5,236,956	-0.7%
Expenses	$1,054,513	$344,877	+2.1%
Net Income	$491,156	$4,892,079	-0.9%

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
BRISSA BROOKS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JORDAN GRAHAM	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
KALI HUGHES	TREASURER	N/A	Officer Director	$0	$0	$0
NANSI IKARD	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
AMY MILES	SECRETARY	N/A	Officer Director	$0	$0	$0
THERESE RODRIGUEZ	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
ASHLEY WALTERSCHEID	PRESIDENT	N/A	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
2024	No data	No data	No data	No data
2023	$1,545,669	$1,054,513	$6,036,977	$491,156
2022	$5,236,956	$344,877	$4,983,463	$4,892,079