Trinity Preparatory School of Florida Inc

Nonprofit profile at a glance

EIN
591156418
IRS 990 coverage
2010–2010
Forms available
Form 990 2010
Location
Winter Park, FL, USA
Phone
3212822525
Rating confidence
Limited
Sector
Primary, Elementary Schools

Official website

Reported finances

Revenue
$16,110,211
Expenses
$16,628,894
Assets
$25,253,700
Liabilities
$13,028,752

Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.

Leadership & pay

29 people listed

Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To develop students who are able to excel in college and beyond, contribute to their communities, lead in a changing society, and grow spiritually.

What it reported doing in 2010

Education of approximately 830 students in the sixth through twelfth grades by a private, coeducational college preparatory day school affiliated with an episcopal diocese. With an average class size of 17, the school provides a supportive learning environment geared toward the individual's needs. The school is accredited through the Florida council of independent schools, a non-governmental, nonprofit, peer-administered organization of diverse educational institutions committed to the highest quality education for students. To help with the cost of tuition, the school awards more than $1.7 million each year in financial aid, assisting 20 percent of students who attend the school.

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program 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: 96
  • Accountability: 98
  • Sustainability: 36
  • Growth: NotEnoughData

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: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • 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: 96.4%; rating input score 96; 37th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -3.2%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 1.52; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.52; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 27 of 28 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $12.1M in reported program spending
  • Leadership: top reported pay $320K · 29 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Sustainability: Operating margin scored 16/100.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.