Black River Career Prep High School
Nonprofit profile at a glance
- EIN
- 300054968
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Elyria, OH, USA
- Phone
- 4403241755
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $3,059,098
- Expenses
- $2,908,979
- Assets
- $614,985
- Liabilities
- $983,432
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- WILLIAM VISALDEN JR (PRESIDENT)
- GARRETT LONGACRE (VICE PRESIDENT)
Highest reported compensation
- WILLIAM VISALDEN JR (PRESIDENT): $625 total reported compensation
- GARRETT LONGACRE (VICE PRESIDENT): $625 total reported compensation
- PHIL HAMMONDS (TREASURER): $500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide an alternative high school opportunity for at-risk and drop-out youth between the ages of 16 and 22. The school provides students a comprehensive education, life skills, work training and employment.
What it reported doing in 2024
Provided educational services to 177 students.
Operating model
- Revenue model
- Grant-funded. 97% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 90
- Accountability: 77
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.1%; rating input score 93
- Program expense ratio: 97.9%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 4.9%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 1.6; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0.1%; rating input score 83; 83rd percentile among comparable filings
Growth
- Program expense growth: 9.2% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: 10.2% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 93.1% of revenue deployed · 97.9% of spending went to programs
- Governance: 5 of 5 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.8M in reported program spending
- Leadership: top reported pay $625 · 6 people listed
- Highest-paid contractors: 1 contractor listed · $2.8M reported
- Consistency: 15 of 15 current checks pass
- Schedules: 4 filed schedules
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Review — Sustainability: Operating margin scored 50/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.