Sequatchie Valley Preparatory Academy

Nonprofit profile at a glance

EIN
134214040
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Dunlap, TN, USA
Phone
4235544677
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Secondary, High School

Reported finances

Revenue
$115,180
Expenses
$134,263
Assets
$150,973
Liabilities
$15,761

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • ROBERT C YOUNG (PRESIDENT)

People named in this filing

  • TAMARA YOUNG (DIRECTOR)
  • ROBERT C YOUNG (PRESIDENT)
  • JEAN ANN CHASE (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide a unique educaiton, with equine emphasis, for the purpose of developing a well-rounded student.

What it reported doing in 2024

A unique education: students engage in a plethora of extensive hands-on training, whether they are gifted students, or have special learning or behavioral needs. In addition to the dedicated teachers at the school, students are partnered with horses, who necome a vital role in their advancement in the field of veterinary medicine and academics, along with psychological development maturity and leadership to enable them to succeed in todays global society. Students also embark in rigorous agricultural business management through their individualized positions in the agricultural operations of the school. Accomplishments of high school students and graduates of the school include obtaining major college scholarships, biology majors, scientific publications, conducting humanitarian trips, company vice president, u.s. Naval caoprman in the military, and acceptance to summer u.s. Naval academy program. In addition, students with special behavioral or education needs have thrived under the hands-on system of education and development while far exceeding their psychological diagnosed outcome. The students have engaged in many aspects of agriculutral business, living successful, independent lives, and participating in international humanitarian work. Animal and marine science: svpa encompasses animal science and aminal husbandry in a variety of ways: equine research and development, dairy production, beef production, animal husbandry in sheep, goats and poultry production. Extensive marine biology programs and research expand our students knowledge to new depths, bringing a well-rounded, understanding of the planet on which they live. These programs allow ouor students to be engulfed in world conversation on issues from animal protection to clean water, restoring the coral reefs, agriculture land trusts, organic farming, land preservation and overall planet sustainability. Humanitarian world view: spva staff and students use their pre-veterinary, animal science and marine biology skills, along with their business leadership, to train and inspire underprivileged young people in both the u.s. And central america. Hundreds of orphaned children have been impacted by these programs annually and many have gone on to aspire to heights they never seen even imagined. Through the honduras horsemanship mission project, children, teens, and young adults have learned the principals needed to embrace lifes trials, tragedies and and circumstances with a bold, positive attitude. This has led to success in school, international leadership programs, international translation positions for medical teams, small business entrepreneurial and agricultural business management positions. Through business training, development, support and long-term relations through these humanitarian projects, those less privileged have grown to break the chains of poverty within their families and communities.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 32
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 93.5%; rating input score 93
  • Fundraising efficiency: $12.51 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -16.6%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 1.12; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -2.5% per year; rating input score 0; 22nd percentile among comparable filings
  • Revenue growth: -6% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -3.4% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 93.5% of spending went to programs
  • Governance: 7 of 7 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $126K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Fundraising efficiency scored 45/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 16/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.