UNIVERSITY PREPARATORY ACADEMY

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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

1976

Legal Domicile

Principal Officer

RONNIE CODRINGTON-CAZEAU

Phone

2065252714

Tax Period

2023-07-01 to 2024-06-30

UNIVERSITY PREPARATORY ACADEMY, founded in 1976, is a mid-sized nonprofit in the Education sector that reported $36.1M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $31.0M left a modest 14% surplus.

Mission

UNIVERSITY PREPARATORY ACADEMY IS COMMITTED TO DEVELOPING EACH STUDENT'S POTENTIAL TO BECOME AN INTELLECTUALLY COURAGEOUS AND SOCIALLY RESPONSIBLE CITIZEN OF THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $25,724,511 Revenue: $29,415,482

INDEPENDENT SCHOOL PROVIDING PRIVATE EDUCATION TO STUDENTS GRADES 6 THROUGH 12. ACCREDITED WITH NORTHWEST ASSOCIATION OF INDEPENDENT SCHOOLS AND THE STATE OF WASHINGTON. COMMITTED TO DEVELOPING EACH STUDENT'S POTENTIAL TO BECOME AN INTELLECTUALLY COURAGEOUS AND SOCIALLY RESPONSIBLE CITIZEN OF THE WORLD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,125,738

Program Service Revenue $29,415,482

Investment Income $2,673,678

Other Revenue $-68,035

TOTAL REVENUE $36,146,863

Expense Breakdown

Grants Paid $4,254,162

Salaries & Benefits $18,041,835

Fundraising Expenses $1,299,194

Program Expenses $25,724,511

Other Expenses $8,701,988

TOTAL EXPENSES $30,997,985

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,146,863	$31,300,019	+0.2%
Expenses	$30,997,985	$25,849,953	+0.2%
Net Income	$5,148,878	$5,450,066	-0.1%

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

256

Volunteers

150

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

$861,475

Total Directors

$108,645

Key Employees

$413,712

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA ZEMBRUSKI	FACULTY/TRUSTEE	45.00	Director	$92,811	$15,834	$108,645
NINEVAH LOWERY	PRESIDENT	4.00	Officer Director	$0	$0	$0
SCOTLAND NASH	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JENNIFER ZELL	SECRETARY	2.00	Officer Director	$0	$0	$0
JARRAD HARFORD	TREASURER	4.00	Officer Director	$0	$0	$0
KRYSIA JOHNSON	PGA PRESIDENT	4.00	Director	$0	$0	$0
RICHARD ANDERSON	TRUSTEE	2.00	Director	$0	$0	$0
JULI COOK	TRUSTEE	2.00	Director	$0	$0	$0
STEVEN DE BEER	TRUSTEE	2.00	Director	$0	$0	$0
JAMIE EVANS	TRUSTEE	2.00	Director	$0	$0	$0
CHARLES FRISCHER	TRUSTEE	2.00	Director	$0	$0	$0
TERRY FROGGATT	TRUSTEE	2.00	Director	$0	$0	$0
VAN KATZMAN	TRUSTEE	2.00	Director	$0	$0	$0
PATRICIA LANDY	TRUSTEE	2.00	Director	$0	$0	$0
THONG LE	TRUSTEE	2.00	Director	$0	$0	$0
RUSSELL NORMANN	TRUSTEE	2.00	Director	$0	$0	$0
KATHY PARK	TRUSTEE	2.00	Director	$0	$0	$0
SUJAL PATEL	TRUSTEE	2.00	Director	$0	$0	$0
TIMOTHY RICHEY	TRUSTEE	2.00	Director	$0	$0	$0
DANI RUTHFIELD	TRUSTEE	2.00	Director	$0	$0	$0
CASEY SCHUCHART	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW SELBY	TRUSTEE	2.00	Director	$0	$0	$0
BLAKE TITCOMB	TRUSTEE	2.00	Director	$0	$0	$0
JEREMY WACKSMAN	TRUSTEE	2.00	Director	$0	$0	$0
ROBIN WATERMAN	TRUSTEE	2.00	Director	$0	$0	$0
RONNIE CODRINGTON-CAZEAU	HEAD OF SCHOOL	60.00	Officer	$479,129	$32,147	$511,276
SUSAN LANSVERK	ASST. HEAD FOR FIN. & OP.	50.00	Officer	$318,563	$31,636	$350,199
EDWARD BILLINGSLEA	ASST. HEAD OF SCHOOL	50.00	Key Emp	$198,650	$18,340	$216,990
SUSIE WU	DIRECTOR OF UPPER SCHOOL	50.00	Key Emp	$175,126	$21,596	$196,722
RYAN HANNON	DIRECTOR OF ENROLLMENT MANAGEMENT	50.00	Highest	$185,850	$17,247	$203,097
KELLY HERRINGTON	DIRECTOR OF COLLEGE COUNSELING	50.00	Highest	$172,619	$21,420	$194,039
REBECCA MOE	DIRECTOR OF ATHLETICS	50.00	Highest	$167,041	$22,830	$189,871
AMY SPIVEY	DIRECTOR OF INFORMATION TECHNOLOGY	50.00	Highest	$161,546	$20,645	$182,191
LIZ VAN HOY	DIRECTOR OF DEVELOPMENT	50.00	Highest	$164,366	$14,608	$178,974
JOEL SOHN	FORMER KEY EMPLOYEE	0.00		$100,899	$11,587	$112,486

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	$36,146,863	$30,997,985	$166,542,321	$5,148,878
2023	$31,300,019	$25,849,953	$144,192,889	$5,450,066
2022	$36,616,397	$24,810,578	$111,654,296	$11,805,819
2021	$29,101,265	$22,501,391	$104,232,720	$6,599,874
2020	$26,929,964	$22,572,952	$83,144,773	$4,357,012
2019	$26,559,826	$21,421,069	$68,838,510	$5,138,757
2018	$21,728,105	$19,549,360	$59,931,850	$2,178,745