ICON PREPARATORY SCHOOL CLEVELAND INC

EIN: 882668962 501(c)(3) Education

TAMPA, FL

Total Revenue
$2,481,113
Total Expenses
$2,428,713
Total Assets
$195,240
Net Assets
$-899,027
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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
2018
Legal Domicile
FL
Principal Officer
DWAYNE RAIFORD
Phone
9045521005
Tax Period
2024-07-01 to 2025-06-30

ICON PREPARATORY SCHOOL CLEVELAND INC, founded in 2018, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 242% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE A COMPREHENSIVE COLLEGE PREPARATORY EDUCATION AND CHARACTER DEVELOPMENT TO STUDENTS THAT LEADS TO THEIR SUCCESS IN COLLEGE AND LIFE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $295,903
Program Service Revenue $2,185,210
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,481,113

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,405,291
Fundraising Expenses $0
Program Expenses $2,076,138
Other Expenses $1,023,422
TOTAL EXPENSES $2,428,713

Year-over-Year Comparison

2024 2023 Change
Revenue $2,481,113 $725,756 +2.4%
Expenses $2,428,713 $884,127 +1.7%
Net Income $52,400 $-158,371 -1.3%
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

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Governance

Voting Members
3
Independent Members
3
Employees
12
Volunteers
10

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DWAYNE RAIFORD PRESIDENT 5.00
Director
$0 $0 $0
NADINE HOLLAND SECRETARY 5.00
Director
$0 $0 $0
JONATHAN SANDERS DIRECTOR 5.00
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 $2,481,113 $2,428,713 $195,240 $52,400
2024 $725,756 $884,127 $195,412 $-158,371
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