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
| Metric | Value |
|---|---|
| Total Revenue | $8.0M |
| Total Expenses | $7.1M |
| Program Spending | 88% |
| CEO/Top Officer Pay | $8,041,006 |
| Net Assets | $528K |
| Transparency Score | 90/100 |
Search Intent Cockpit
Mansfield Preparatory Academy Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Mansfield Preparatory Academy Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Mansfield Preparatory Academy Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $8.0M and expenses of $7.1M.
Revenue and Expenses
Mansfield Preparatory Academy Inc reported $8.0M in revenue and $7.1M in expenses, a surplus of $897K.
Executive Compensation
Top officer compensation appears as $8,041,006 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
90/100 mission score, 2 red flags, and 5 strengths are shown from structured and AI review.
Is Mansfield Preparatory Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $6.3M (88%) |
Across stored filings, Mansfield Preparatory Academy Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 88% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Alliance Of Independent Academic Medical Centers | Ohio and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Local and Sector Spokes
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Lorain, OH nonprofitsEducation in Ohio
Education in Ohio
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Keep the Investigation Moving
Mansfield Preparatory Academy Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Mansfield Preparatory Academy Inc is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.0M |
| Total Expenses | $7.1M |
| Surplus / Deficit | +$897K |
| Total Assets | $11.4M |
| Total Liabilities | $10.9M |
| Net Assets | $528K |
| Operating Margin | 11.2% |
| Debt-to-Asset Ratio | 95.4% |
| Months of Reserves | 19.1 months |
Financial Health Grade: A
In 2023, Mansfield Preparatory Academy Inc reported a surplus of $897K with revenue exceeding expenses, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 95.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mansfield Preparatory Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.4% | +15.3% | +9.1% |
| 2022 | +7.1% | -3.0% | +159.8% |
| 2021 | +23.8% | +5.8% | +28.8% |
| 2020 | +3.2% | +14.7% | -10.4% |
| 2019 | +4.9% | +46.6% | +21.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $897K, with revenue exceeding expenses.
- Debt-to-asset ratio: 95.4%.
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 a legitimate charity?
Mansfield Preparatory Academy Inc (EIN: 202753461) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.0M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Mansfield Preparatory Academy Inc spend its money?
Mansfield Preparatory Academy Inc directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mansfield Preparatory Academy Inc tax-deductible?
Mansfield Preparatory Academy Inc is registered as a tax-exempt nonprofit (EIN: 202753461). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mansfield Preparatory Academy Inc CEO make?
Mansfield Preparatory Academy Inc's highest-compensated officer earns $8,041,006 annually. The organization reported $8.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mansfield Preparatory Academy Inc's spending goes to programs?
Mansfield Preparatory Academy Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mansfield Preparatory Academy Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mansfield Preparatory Academy Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mansfield Preparatory Academy Inc located?
Mansfield Preparatory Academy Inc is headquartered in Lorain, Ohio and files with the IRS under EIN 202753461. It is classified under NTEE code B29.
How many years of IRS 990 filings does Mansfield Preparatory Academy Inc have?
Mansfield Preparatory Academy Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.0M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mansfield Preparatory Academy Inc:
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.