MAUI PREPARATORY ACADEMY

EIN: 990354508 501(c)(3) Education

LAHAINA, HI

Total Revenue
$8,097,467
Total Expenses
$9,006,382
Total Assets
$8,413,730
Net Assets
$7,640,160
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
HI
Principal Officer
JIM BOZICH
Phone
8086659966
Tax Period
2024-07-01 to 2025-06-30

MAUI PREPARATORY ACADEMY, founded in 2001, is a community nonprofit in the Education sector that reported $8.1M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $9.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE SCHOOL STRIVES TO PROVIDE A SUPERIOR EDUCATIONAL PROGRAM IN A SAFE, NUTURING, AND STIMULATING ENVIRONMENT. THE SCHOOL IS DEVOTED TO HELPING STUDENTS REACH BEYOND THEIR PERCEIVED LEVEL OF ABILITY THROUGH A CURRICULUM THAT FOCUSES ON EQUITY, ECOLOGY AND ECONOMY AS TEACHING GOALS AND LEARNING OBJECTIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,383,788
Program Service Revenue $6,641,678
Investment Income $98,201
Other Revenue $-26,200
TOTAL REVENUE $8,097,467

Expense Breakdown

Grants Paid $2,304,839
Salaries & Benefits $4,420,500
Fundraising Expenses $274,000
Program Expenses $6,991,203
Other Expenses $2,281,043
TOTAL EXPENSES $9,006,382

Year-over-Year Comparison

2024 2023 Change
Revenue $8,097,467 $13,236,768 -0.4%
Expenses $9,006,382 $12,427,305 -0.3%
Net Income $-908,915 $809,463 -2.1%
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

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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
62
Volunteers
159

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
6
$202,475
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM BOZICH CHAIRMAN 5.00
Officer Director
$0 $0 $0
TIM HEHEMANN PRESIDENT 20.00
Officer Director
$0 $0 $0
THAD HENRY VICE PRESIDE 4.00
Officer Director
$0 $0 $0
MARK MERRILL TREASURER 5.00
Officer Director
$0 $0 $0
MA'ANN SABINO SECRETARY 3.00
Officer Director
$0 $0 $0
WHITNEY MURRAY TRUSTEE 1.00
Director
$0 $0 $0
MIGUEL SOLIS HEAD OF SCHO 40.00
Officer
$191,875 $10,600 $202,475
ELIZABETH TURCIK DIR. OF ADMI 40.00
Highest
$141,656 $7,209 $148,865
RYAN KIRKHAM PRINCIPAL 40.00
Highest
$121,470 $18,825 $140,295
LISA ZAMORA ACADEMIC DEA 40.00
Highest
$115,810 $7,588 $123,398
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 $8,097,467 $9,006,382 $8,413,730 $-908,915
2024 $13,236,768 $12,427,305 $9,261,070 $809,463
2023 $8,187,161 $7,787,222 $8,915,292 $399,939
2022 $7,331,174 $6,505,730 $8,485,219 $825,444
2021 $7,447,832 $5,799,844 $7,757,039 $1,647,988
2020 $7,946,317 $4,932,378 $6,862,386 $3,013,939
2019 $6,678,420 $4,923,832 $3,226,848 $1,754,588
2018 $5,139,892 $4,924,628 $891,186 $215,264
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