RICHARDS PREPARATORY ACADEMY INC (EIN 922634230) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2023

Legal Domicile

Principal Officer

AUSTEN LUCKIE

Phone

7708818369

Tax Period

2024-06-01 to 2025-05-31

RICHARDS PREPARATORY ACADEMY INC, founded in 2023, is a small nonprofit in the Education sector that reported $411K in total revenue in fiscal year 2024. Revenue surged 3055% from the prior year, signaling strong growth momentum. Expenses of $466K exceeded revenue, resulting in a 13% operating deficit.

Mission

Richards Christian Academy we strive to provide the best possible education by creating an environment that fosters learning growth and personal development. Our goal is to help students build confidence develop strong character and discover their God-given potential while preparing them for success in college and in life.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $417,262

Investment Income $-6,370

Other Revenue $0

TOTAL REVENUE $410,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,099

Fundraising Expenses $0

Program Expenses $418,810

Other Expenses $157,511

TOTAL EXPENSES $465,610

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,892	$13,025	+30.5%
Expenses	$465,610	N/A	N/A
Net Income	$-54,718	$13,025	-5.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$43,000

Total Directors

$46,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Austen Luckie	President Executive Director	32.00	Director	$25,200	$0	$25,200
Phillip King	Treasurer	0.00	Officer	$0	$0	$0
Michelle Richards	Secretary Director	32.00	Officer	$43,000	$0	$43,000
Cindy Austin	Director	32.00	Director	$21,600	$0	$21,600
John Richards	Director	0.00	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	$410,892	$465,610	$364,511	$-54,718
2024	$469,429	$478,156	$494,230	$-8,727

RICHARDS PREPARATORY ACADEMY INC