Granada Preparatory School

Legal name: Granada Preparatory School Inc Fka Chatsworth Hills Academy

Nonprofit profile at a glance

EIN
953257811
IRS 990 coverage
2009–2023
Official website data refreshed
Sep 2026
Forms available
Form 990 2023
Location
Northridge, CA, US
Phone
818.368.7254
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Official website

Reported finances

Revenue
$2,341,729
Expenses
$2,465,341
Assets
$1,208,306
Liabilities
$895,727

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • LANCE ALLEN (President)

Highest reported compensation

  • CAROL SHIBEL (HEAD OF SCHOOL): $103,507 total reported compensation
  • AKBAROFF KAILA (BUS. MANAGER): $93,507 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To prepare students to be compassionate, creative, and thoughtful leaders in an ever-changing world.

What it reported doing in 2023

Granada prepartory school is the result of the union of two outstanding schools that have been operating in the san fernando valley for over 40 years.chatsworth hills academy has been educating students from preschool to 8th grade since 1977 and is a designated world school, authorized by the international baccalaureate office for both the primary years program (pyp) and middle years program (myp). The ib is considered to be the gold standard in the world of education today and ensures that students are prepared for success in the top high school and post secondary programs in the USA and beyond.first presbyterian school has an outstanding preschool program and is known for teaching strong personal values and creating a warm and caring community.granada prepartory school combines the strengths of both schools with a common vision that our students will be kind, creative, compassionate, life-long learners inspired to take shared guardianship of the planet and create a better world.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 94% 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 93
  • Accountability: 90
  • Sustainability: 20
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.8%; rating input score 91
  • Program expense ratio: 86.5%; rating input score 86
  • Fundraising efficiency: $39.46 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -5.3%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 0.49; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.74; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 8%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: -6.6% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -3.9% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -5.5% per year; rating input score 0; 4th percentile among comparable filings

Details

  • What they do: 11 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 90.8% of revenue deployed · 86.5% of spending went to programs
  • Governance: 6 of 6 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.1M in reported program spending
  • Leadership: top reported pay $104K · 8 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes grants
  • Filing history: 15 filing years from 2009 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 21/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.