GRANADA PREPARATORY SCHOOL INC FKA CHATSWORTH HILLS ACADEMY

EIN: 953257811 501(c)(3) Education

CHATSWORTH, CA

Total Revenue
$2,341,729
Total Expenses
$2,465,341
Total Assets
$1,208,306
Net Assets
$312,579
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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
1977
Legal Domicile
CA
Principal Officer
SHIBEL CAROL
Phone
8183687254
Tax Period
2023-07-01 to 2024-06-30

GRANADA PREPARATORY SCHOOL INC FKA CHATSWORTH HILLS ACADEMY, founded in 1977, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2023.

Mission

GRANADA PREPARATORY SCHOOL'S MISSION IS TO TEACH OUR STUDENTS TO THINK CREATIVELY, ACT RESPONSIBLY, AND BUILD COMMUNITY

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,295
Program Service Revenue $2,302,080
Investment Income $4,938
Other Revenue $18,416
TOTAL REVENUE $2,341,729

Expense Breakdown

Grants Paid $129,889
Salaries & Benefits $1,750,492
Fundraising Expenses $413
Program Expenses $2,131,727
Other Expenses $584,960
TOTAL EXPENSES $2,465,341

Year-over-Year Comparison

2023 2022 Change
Revenue $2,341,729 $2,424,569 0.0%
Expenses $2,465,341 $2,404,148 +0.0%
Net Income $-123,612 $20,421 -7.1%
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

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Governance

Voting Members
6
Independent Members
6
Employees
64
Volunteers
20

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
4
$93,507
Total Directors
7
$103,507
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL SHIBEL HEAD OF SCHOOL 40.00
Director
$103,322 $185 $103,507
AKBAROFF KAILA BUS. MANAGER 40.00
Officer
$85,879 $7,628 $93,507
LANCE ALLEN President 2.00
Officer Director
$0 $0 $0
BRIAN CASSIDY Trustee 1.00
Director
$0 $0 $0
HERBST LEW Treasurer 1.00
Officer Director
$0 $0 $0
BRYANT MICHAEL Secretary 1.00
Officer Director
$0 $0 $0
OWEN SHONNA Trustee 1.00
Director
$0 $0 $0
IGNACIO ANTHONY Trustee 1.00
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
2024 $2,341,729 $2,465,341 $1,208,306 $-123,612
2023 $2,424,569 $2,404,148 $1,273,455 $20,421
2022 $2,563,583 $2,001,542 $1,264,106 $562,041
2021 $1,389,957 $1,691,133 $906,130 $-301,176
2020 $4,276,002 $2,498,955 $969,938 $1,777,047
2019 $2,713,801 $3,079,566 $6,790,847 $-365,765
2018 $4,045,237 $3,701,840 $7,112,480 $343,397
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