Panacea Prep Charter School Inc (EIN 900999318) - 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

2012

Legal Domicile

Principal Officer

George Simpson

Phone

9543447144

Tax Period

2022-07-01 to 2023-06-30

Panacea Prep Charter School Inc, founded in 2012, is a small nonprofit in the Education sector that reported $921K in total revenue in fiscal year 2022. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

To provide educational services to students in kindergarten through fifth grade.

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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 $908,454

Program Service Revenue $12,184

Investment Income $0

Other Revenue $0

TOTAL REVENUE $920,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $528,573

Fundraising Expenses $0

Program Expenses $899,645

Other Expenses $431,137

TOTAL EXPENSES $959,710

Year-over-Year Comparison

	2022	2021	Change
Revenue	$920,638	$746,707	+0.2%
Expenses	$959,710	$940,937	+0.0%
Net Income	$-39,072	$-194,230	-0.8%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cassamdra Burrows	Secretary	12.00	Officer Director	$0	$0	$0
Bruce Johnson	Treasurer	12.00	Officer Director	$0	$0	$0
George Simpson	Board Chair	12.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$920,638	$959,710	$181,870	$-39,072
2022	$746,707	$940,937	$221,242	$-194,230
2021	$1,031,990	$1,028,820	$273,951	$3,170
2020	$1,089,333	$1,084,555	$252,610	$4,778
2019	$1,135,383	$1,161,094	$278,309	$-25,711
2018	$1,295,099	$1,164,998	$310,190	$130,101

Panacea Prep Charter School Inc