Maranatha High School

Nonprofit profile at a glance

EIN
956131497
IRS 990 coverage
2009–2012
Forms available
Form 990 2012
Location
Pasadena, CA, USA
Phone
6268174000
Rating confidence
Limited
Sector
Secondary, High School
Affiliation
Christianity

Official website

Reported finances

Revenue
$14,901,931
Expenses
$13,443,892
Assets
$36,541,209
Liabilities
$26,175,806

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

13 people listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the school is to prepare students for living lives of purpose and distinction, as reflected by character, competency, and community, by developing the whole student through relationships to honor the lord jesus christ.

What it reported doing in 2012

Maranatha high school was founded nearly 50 years ago as a small school, but has grown to one of the area's leading private school options. The campus is located on the former ambassador college campus just off the freeway near old town, pasadena. Maranatha fills a unique role in the assortment of area private schools as the only non-denominational christian high school in the san gabriel valley. The overall goal of the school is to provide students with a college preparatory education in an intentional christ-honoring context. Excellence is pursued across all areas of the school resulting in a diversity of exceptional opportunities as well notable academic advances. The school offers 32 advanced placement (ap) and honors courses and has seen consistent growth in ap scores over the last few years. The ap student pass rate at maranatha is currently at an impressive 82 percent, approximately 20 percent higher than both state and national averages. Additionally, 32 percent of maranatha's ap subject areas received a 100 percent pass rate last year. The school's athletic program features 41 teams in 20 sports, and had enjoyed 152 league championships and 22 cif championships. Roughly 2/3 of the student body participate in athletics each year. Maranatha has an enrollment of approximately 680 students from 67 different zip codes, 70 different middle schools, and 160 different christian church backgrounds.

Operating model

Revenue model
Other-operating. 96% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 83
  • Accountability: 72
  • Sustainability: 64
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 69th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 87.5%; rating input score 88; 23rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9.8%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 2.72; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.72; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 6.2%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.6% per year; rating input score 100; 44th percentile among comparable filings
  • Asset growth: -5.1% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 8 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $10.8M in reported program spending
  • Leadership: top reported pay $383K · 13 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed
  • Consistency: 34 of 34 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 4 filing years from 2009 to 2012
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • High — Sustainability: Officer compensation ratio scored 28/100.