York Preparatory Academy Inc
Nonprofit profile at a glance
- EIN
- 364641998
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Rock Hill, SC, USA
- Phone
- 8033259719
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $22,558,300
- Expenses
- $23,103,497
- Assets
- $38,539,828
- Liabilities
- $37,066,579
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Highest reported compensation
- BRIAN MYRUP (MANAGING DIRECTOR): $231,349 total reported compensation
- KIM TAYLOR (CFO): $166,920 total reported compensation
- LANNY ADAMSON (DIRECTOR OF STUDENT AND FAMILY SUPPORT): $160,351 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the york preparatory academy (ypa) is for the faculty, staff, students, parents, and community to provide an engaged learning environment that leads to the success of each individual student, while also challenging these students to become life-long learners, independent thinkers, respectful individuals, and responsible citizens thus preparing them for a 21st century global economy with this mission, in accordance with the South Carolina charter schools act, ypa will improve student learning, increase learning opportunities, utilize productive teaching methods, establish new forms of accountability for schools, create new professional opportunities for teachers. To succeed in this mission, the individual need of each learner is the core of ypa's mission striving toward south carolinas goal of achieving excellence through individual successes with every child served.
What it reported doing in 2024
Establishing a focus on individual student growth which has been recognized by the awarding of the national blue ribbon award, an award given to the top 1% of schools nationally.
Operating model
- Revenue model
- Grant-funded. 92% of the money available for current operations came from government grants.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 74
- Accountability: 100
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.2%; rating input score 75
- Program expense ratio: 72.6%; rating input score 73
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th 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: -2.4%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 1.67; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.96; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 4.7%; rating input score 53; 53rd percentile among comparable filings
Growth
- Program expense growth: 7.2% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 8.6% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 8.8% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 75.2% of revenue deployed · 72.6% of spending went to programs
- Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $16.8M in reported program spending
- Leadership: top reported pay $231K · 14 people listed · 2 of 6 pay-setting controls reported
- Consistency: 25 of 25 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 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 — Sustainability: Operating margin scored 22/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Review — Sustainability: Officer compensation ratio scored 53/100.