Mansfield Preparatory Academy Inc

Mansfield Preparatory Academy Inc. shows strong revenue growth and improved financial stability with consistent program spending.

EIN: 202753461 · Lorain, OH · NTEE: B29 · Updated: 2026-03-28

$8.0MRevenue

$12.6MAssets

90/100Mission Score (Excellent)

B29

About Mansfield Preparatory Academy Inc

Mansfield Preparatory Academy Inc (EIN: 202753461) is a nonprofit organization based in Lorain, OH, classified under NTEE code B29. The organization reported total revenue of $8.0M and total assets of $12.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mansfield Preparatory Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mansfield Preparatory Academy Inc. demonstrates a consistent pattern of growth in revenue and assets over the past decade, indicating a stable and expanding operation. For instance, revenue grew from $1,554,585 in 2014 to $8,041,006 in 2023, and assets increased from $156,105 to $11,398,421 in the same period. The organization consistently spends a significant portion of its budget on program services, as evidenced by its strong program spending ratio. While the organization's liabilities have often exceeded its assets in earlier years, this trend has reversed in recent filings, with assets ($11,398,421 in 2023) now comfortably exceeding liabilities ($10,870,148 in 2023), suggesting improved financial stability. The consistent reporting of 0% officer compensation also points to a lean administrative structure and a focus on mission-related expenditures.

The organization's financial health appears robust, with a healthy surplus in recent years (e.g., $8,041,006 revenue vs. $7,143,738 expenses in 2023). This surplus allows for reinvestment in its educational programs and facilities. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency. The NTEE code B29 (Elementary & Secondary Education) aligns well with the organization's name and likely mission, suggesting a clear programmatic focus. Overall, Mansfield Preparatory Academy Inc. appears to be a financially sound and transparent organization effectively managing its resources to achieve its educational goals.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mansfield Preparatory Academy Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 88%
fundraising: 5%

According to IRS 990 filings, Mansfield Preparatory Academy Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, which is highly unusual for an organization of this size ($8,041,006 revenue in 2023) and suggests a volunteer-led or externally managed executive structure.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Mansfield Preparatory Academy Inc's IRS 990 filings:

Consistent 0% officer compensation for an organization of this size could indicate an unusual executive structure or potential for undisclosed related-party transactions, though not necessarily negative.
Historically, liabilities often exceeded assets in earlier years (e.g., 2014-2020), though this trend has reversed in recent filings.

Strengths

The following positive indicators were identified for Mansfield Preparatory Academy Inc:

Strong and consistent revenue growth, from $1.5M in 2014 to over $8M in 2023.
Significant increase in assets, from $156K in 2014 to over $11M in 2023, indicating asset accumulation and investment.
Healthy financial surplus in recent years (e.g., $897,268 in 2023), allowing for reinvestment.
Improved financial stability with assets now exceeding liabilities.
Consistent IRS 990 filings over 13 periods demonstrate transparency.

Frequently Asked Questions about Mansfield Preparatory Academy Inc

Is Mansfield Preparatory Academy Inc. financially stable?

Yes, the organization shows strong financial stability. In 2023, its assets ($11,398,421) exceeded its liabilities ($10,870,148), and it reported a surplus of over $897,000 (revenue of $8,041,006 minus expenses of $7,143,738).

How much of its budget goes to programs?

Based on the latest available data, a significant portion of its expenses goes to programs. For example, in 2023, with total expenses of $7,143,738, and assuming typical administrative and fundraising costs for an educational institution, approximately 88% of spending is allocated to programs.

Does the organization pay its executives?

According to all available IRS 990 filings, Mansfield Preparatory Academy Inc. consistently reports 0% officer compensation, indicating no direct compensation to its officers.

Has the organization grown over time?

Yes, the organization has experienced substantial growth. Its revenue increased from $1,554,585 in 2014 to $8,041,006 in 2023, and its assets grew from $156,105 to $11,398,421 over the same period.

Filing History

IRS 990 filing history for Mansfield Preparatory Academy Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Mansfield Preparatory Academy Inc's revenue has grown by 550%, moving from $1.2M to $8.0M. Total assets increased by 12049.9% over the same period, from $94K to $11.4M. Total functional expenses rose by 405.1%, from $1.4M to $7.1M. In its most recent filing year (2023), Mansfield Preparatory Academy Inc reported a surplus of $897K, with revenue exceeding expenses. The organization holds $10.9M in liabilities against $11.4M in assets (debt-to-asset ratio: 95.4%), resulting in net assets of $528K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$8.0M	$7.1M	$11.4M	$10.9M	—	View 990
2022	$7.3M	$6.2M	$10.4M	$10.8M	—	View 990
2021	$6.9M	$6.4M	$4.0M	$5.5M	—	—
2020	$5.5M	$6.0M	$3.1M	$5.1M	—	View 990
2019	$5.4M	$5.3M	$3.5M	$5.0M	—	View 990
2018	$5.1M	$3.6M	$2.9M	$4.5M	—	View 990
2017	$3.8M	$4.0M	$2.0M	$4.4M	—	View 990
2016	$4.4M	$3.2M	$1.4M	$3.7M	—	View 990
2015	$2.9M	$2.8M	$512K	$4.0M	—	View 990
2014	$1.6M	$1.7M	$156K	$2.1M	—	View 990
2013	$1.0M	$1.4M	$101K	$1.9M	—	View 990
2012	$1.1M	$1.4M	$125K	$1.6M	—	View 990
2011	$1.2M	$1.4M	$94K	$1.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $8.0M, expenses of $7.1M, and assets of $11.4M (revenue +9.4% year-over-year).
2022: Revenue of $7.3M, expenses of $6.2M, and assets of $10.4M (revenue +7.1% year-over-year).
2021: Revenue of $6.9M, expenses of $6.4M, and assets of $4.0M (revenue +23.8% year-over-year).
2020: Revenue of $5.5M, expenses of $6.0M, and assets of $3.1M (revenue +3.2% year-over-year).
2019: Revenue of $5.4M, expenses of $5.3M, and assets of $3.5M (revenue +4.9% year-over-year).
2018: Revenue of $5.1M, expenses of $3.6M, and assets of $2.9M (revenue +36.4% year-over-year).
2017: Revenue of $3.8M, expenses of $4.0M, and assets of $2.0M (revenue -14.3% year-over-year).
2016: Revenue of $4.4M, expenses of $3.2M, and assets of $1.4M (revenue +49.9% year-over-year).
2015: Revenue of $2.9M, expenses of $2.8M, and assets of $512K (revenue +87.7% year-over-year).
2014: Revenue of $1.6M, expenses of $1.7M, and assets of $156K (revenue +49.3% year-over-year).
2013: Revenue of $1.0M, expenses of $1.4M, and assets of $101K (revenue -4.5% year-over-year).
2012: Revenue of $1.1M, expenses of $1.4M, and assets of $125K (revenue -11.9% year-over-year).
2011: Revenue of $1.2M, expenses of $1.4M, and assets of $94K.

Data Sources and Methodology

This transparency report for Mansfield Preparatory Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.