Hickman Academy Preparatory School Inc

Nonprofit profile at a glance

EIN
391661756
IRS 990 coverage
2010–2017
Forms available
Form 990 2017
Location
Pembroke Plains, FL, USA
Phone
4145781788
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Secondary, High School

Reported finances

Revenue
$2,200,487
Expenses
$2,241,170
Assets
$149,776
Liabilities
$159,964

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • TYLER MARIE BROWN (PRESIDENT)
  • BENNIE HICKMAN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LEESSA DERRICK (ADMINISTRATOR): $145,399 total reported compensation
  • BENNIE HICKMAN (EXECUTIVE DIRECTOR): $143,972 total reported compensation
  • TYLER MARIE BROWN (PRESIDENT): $400 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Operate a private elementary school with grades k-4 through 8th grade

What it reported doing in 2017

Operation of a primary school and preschool offering programs to 4-yr-olds through 8th grade. The school served approximately 300 students during the year.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 90
  • Accountability: 91
  • Sustainability: 15
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.8%; rating input score 74
  • Program expense ratio: 72.5%; rating input score 73
  • Fundraising efficiency: Limited

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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.8%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.07; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: 1.07; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 12.9%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: -1.9% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: -3.5% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: 1.3% per year; rating input score 100; 31st percentile among comparable filings

Details

  • Where the money goes: 73.8% of revenue deployed · 72.5% of spending went to programs
  • Governance: 4 of 4 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $1.6M in reported program spending
  • Leadership: top reported pay $145K · 6 people listed
  • Highest-paid contractors: 2 contractors listed · $460K reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules
  • Filing history: 8 filing years from 2010 to 2017
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.