FREEDOM PREPARATORY ACADEMY CHARTER SCHOOL ALABAMA (EIN 882959604) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

RON BAYLES

Phone

9015389500

Tax Period

2023-10-01 to 2024-09-30

FREEDOM PREPARATORY ACADEMY CHARTER SCHOOL ALABAMA, founded in 2022, is a small nonprofit in the Education sector that reported $250K in total revenue in fiscal year 2021. The organization ran a surplus of $82K, a strong 33% operating margin.

Mission

FREEDOM PREPARATORY ACADEMY SCHOOL PREPARE ALL STUDENTS IN GRADE K-12 TO EXCEL IN COLLEGE AND IN LIFE. ITS FOCUS IS A CLEAR STRATEGIC AND DIRECT PATH TO COLLLEGE FOR EVERY STUDENT THAT ENTERS OUR DOORS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,766,057

Program Service Revenue $2,108

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,768,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $387,581

Fundraising Expenses $0

Program Expenses $826,457

Other Expenses $746,990

TOTAL EXPENSES $1,134,571

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,768,165	$621,713	+1.8%
Expenses	$1,134,571	$158,706	+6.1%
Net Income	$633,594	$463,007	+0.4%

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
RON BAYLES	BOARD CHAIR	3.50	Officer Director	$0	$0	$0
LEWIS BURKS	BOARD TREASURER	3.50	Officer Director	$0	$0	$0
DR DENISE DAVIS-MAYE	MEMBER	3.50	Director	$0	$0	$0
IESHA BROOKS	MEMBER	3.50	Director	$0	$0	$0
CARDELL ORRIN	MEMBER	3.50	Director	$0	$0	$0
KEVIN KING	MEMBER	3.50	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	$1,768,165	$1,134,571	$2,945,911	$633,594
2023	$590,000	$158,706	$480,292	$431,294
2022	$250,000	$167,917	$51,120	$82,083

FREEDOM PREPARATORY ACADEMY CHARTER SCHOOL ALABAMA