FINE ARTS PREPARATORY SCHOOL (EIN 881156332) - 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

2020

Legal Domicile

Principal Officer

JAMEZ E DUDLEY

Phone

8644359993

Tax Period

2022-07-01 to 2023-06-30

FINE ARTS PREPARATORY SCHOOL, founded in 2020, is a small nonprofit in the Education sector that reported $349K in total revenue in fiscal year 2022. Expenses of $393K exceeded revenue, resulting in a 13% operating deficit.

Mission

FINE ARTS PREPARATORY SCHOOL (FAPS) IS COMMITTED TO SPARKING FAMILY AND COMMUNITY COLLABORATION TO MEET THE NON-ACADEMIC NEEDS OF OUR STUDENTS, ENABLING THEM TO EXCEL ACADEMICALLY, ARTISTICALLY, AND CONTINUALLY.COLLABORATION AND COMMUNITY INVOLVEMENT: FAPS BELIEVES THAT THE SUPPORT AND INVOLVEMENT OF FAMILIES AND THE BROADER COMMUNITY ARE ESSENTIAL COMPONENTS OF A SUCCESSFUL EDUCATIONAL EXPERIENCE. WE ACTIVELY ENCOURAGE COLLABORATION BETWEEN PARENTS, GUARDIANS, EDUCATORS, STAFF, AND COMMUNITY MEMBERS TO COLLECTIVELY SUPPORT THE HOLISTIC DEVELOPMENT OF OUR STUDENTS. NON-ACADEMIC SUPPORT: RECOGNIZING THE IMPORTANCE OF ADDRESSING NON-ACADEMIC NEEDS, FPS IS DEDICATED TO PROVIDING COMPREHENSIVE SUPPORT AND RESOURCES TO ENSURE OUR STUDENTS' ELL-BEING, EMOTIONAL GROWTH, AND SOCIAL DEVELOPMENT. WE ACKNOWLEDGE THAT FOSTERING A POSITIVE AND SUPPORTIVE ENVIRONMENT ENHANCES THE OVERALL LEARNING EXPERIENCE AND CONTRIBUTES TO THE ACADEMIC SUCCESS OF OUR STUDENTS.

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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 $343,618

Program Service Revenue $0

Investment Income $0

Other Revenue $5,667

TOTAL REVENUE $349,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,726

Other Expenses $393,074

TOTAL EXPENSES $393,074

Year-over-Year Comparison

	2022	2021	Change
Revenue	$349,285	N/A	N/A
Expenses	$393,074	N/A	N/A
Net Income	$-43,789	$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

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
MR DK JONES	CHAIR	1.00	Officer Director	$0	$0	$0
JAMEZ DUDLEY	FOUNDER	1.00	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
2023	$349,285	$393,074	$96,878	$-43,789

FINE ARTS PREPARATORY SCHOOL