LORAIN PREPARATORY HIGH SCHOOL INC (EIN 880766982) - 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

2022

Legal Domicile

Principal Officer

C David Massa

Phone

4402013876

Tax Period

2022-07-01 to 2023-06-30

LORAIN PREPARATORY HIGH SCHOOL INC, founded in 2022, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2022. Expenses of $1.3M exceeded revenue, resulting in a 27% operating deficit.

Mission

LPHS is a public charter high school serving the Lorain community. We are an extension of the safe, accredited, and academically strong school system offered by ACCEL Schools' K-8 programs in Lorain and Elyria.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,050,319

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,050,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $391,041

Fundraising Expenses $0

Program Expenses $1,334,173

Other Expenses $943,132

TOTAL EXPENSES $1,334,173

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,050,319	N/A	N/A
Expenses	$1,334,173	N/A	N/A
Net Income	$-283,854	$0	N/A

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

N/A

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

$5,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marcello Torres	Board Member	1.00	Director	$1,250	$0	$1,250
Rudolph Todd Kubasak	Board Member	1	Director	$1,250	$0	$1,250
David Arredondo	Board Member	1.00	Director	$1,125	$0	$1,125
Terrance Bivins	Board Member	1	Director	$1,125	$0	$1,125
Kimberly Bartlett	Board Member	1.00	Director	$875	$0	$875

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,050,319	$1,334,173	$372,669	$-283,854

LORAIN PREPARATORY HIGH SCHOOL INC