PINELLAS 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

2000

Legal Domicile

Principal Officer

SCOTT CRAVER

Phone

7275363600

Tax Period

2023-07-01 to 2024-06-30

PINELLAS PREPARATORY ACADEMY, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $11.1M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 17% operating margin.

Mission

PINELLAS PREPARATORY ACADEMY, INC. STRIVES TO PROVIDE A CREATIVE AND POSITIVE ENVIRONMENT FOR EMOTIONALLY MATURE CHILDREN. OUR EXCELLENT FACULTY SHARES WITH PARENTS AND THE COMMUNITY THE RESPONSIBILITY TO PREPARE EACH CHILD FOR SECONDARY SCHOOL AND BEYOND.

Program Service Accomplishments

Program 1

Expenses: $8,162,417 Revenue: $984,954

PINELLAS PREPARATORY ACADEMY, INC. OPERATES TWO PUBLIC CHARTER SCHOOLS AUTHORIZED BY PINELLAS COUNTY, FLORIDA. WE WERE FOUNDED TO PROVIDE A STRONG CURRICULUM FOR STUDENTS WHO ARE CONSIDERED...

PINELLAS PREPARATORY ACADEMY, INC. OPERATES TWO PUBLIC CHARTER SCHOOLS AUTHORIZED BY PINELLAS COUNTY, FLORIDA. WE WERE FOUNDED TO PROVIDE A STRONG CURRICULUM FOR STUDENTS WHO ARE CONSIDERED EMOTIONALLY MATURE. OUR PROGRAM FOCUSES ON UTILIZING COOPERATIVE LEARNING AND MULTIPLE INTELLIGENCES TO HELP ENSURE OUR STUDENTS HAVE THE SKILLS THEY WILL NEED TO BE SUCCESSFUL IN THEIR FUTURE.

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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 $10,093,177

Program Service Revenue $984,954

Investment Income $37,598

Other Revenue $0

TOTAL REVENUE $11,115,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,981,478

Fundraising Expenses $0

Program Expenses $8,162,417

Other Expenses $3,277,341

TOTAL EXPENSES $9,258,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,115,729	$9,349,132	+0.2%
Expenses	$9,258,819	$8,661,879	+0.1%
Net Income	$1,856,910	$687,253	+1.7%

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

146

Volunteers

550

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
SCOTT CRAVER	CHAIRMAN	4.00	Officer Director	$0	$0	$0
THERESA JACOBOWITZ	SECRETARY	2.00	Officer Director	$0	$0	$0
REGAN HARVEY	MEMBER AT LARGE	2.00	Director	$0	$0	$0
MIA CLOUD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAX TRACY	MEMBER AT LARGE	2.00	Director	$0	$0	$0
JULIE MEYERS	TREASURER	2.00	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	No data	No data	No data	No data
2024	$11,115,729	$9,258,819	$13,458,615	$1,856,910
2023	$9,349,132	$8,661,879	$11,857,465	$687,253
2022	$8,246,883	$8,428,805	$12,943,411	$-181,922
2021	$7,401,054	$7,051,241	$20,188,030	$349,813
2020	$6,671,485	$6,880,690	$21,082,468	$-209,205
2019	$6,611,808	$6,223,882	$21,607,814	$387,926