Springfield Preparatory And Fitness Academy
Springfield Preparatory And Fitness Academy operates on a balanced budget with no reported officer compensation, maintaining minimal assets relative to its consistent revenue.
EIN: 201035429 · Springfield, OH · NTEE: B29 · Updated: 2026-03-28
Is Springfield Preparatory And Fitness Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Springfield Preparatory And Fitness Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Springfield Preparatory And Fitness Academy
Springfield Preparatory And Fitness Academy (EIN: 201035429) is a nonprofit organization based in Springfield, OH, classified under NTEE code B29. The organization reported total revenue of $2.6M and total assets of $36K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Springfield Preparatory And Fitness Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Springfield Preparatory And Fitness Academy with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Springfield Preparatory And Fitness Academy allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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, suggesting either a volunteer-led executive team or that executive salaries are categorized differently, which significantly impacts the perception of administrative efficiency.
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 Springfield Preparatory And Fitness Academy's IRS 990 filings:
- Minimal asset accumulation relative to revenue, potentially indicating limited financial reserves for unforeseen circumstances.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Springfield Preparatory And Fitness Academy:
- Consistent financial stability with revenues closely matching expenses across multiple years, indicating sound budget management.
- No reported officer compensation across all filings, suggesting highly efficient use of funds or a volunteer-led executive team.
- Regular and consistent IRS 990 filing history (12 filings), demonstrating good transparency and compliance.
- Significant revenue growth from $1.7 million in 202106 to $2.6 million in 202306, indicating expanding operations or increased support.
Frequently Asked Questions about Springfield Preparatory And Fitness Academy
Is Springfield Preparatory And Fitness Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Springfield Preparatory And Fitness Academy (EIN: 201035429) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Springfield Preparatory And Fitness Academy spend its money?
Springfield Preparatory And Fitness Academy directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Springfield Preparatory And Fitness Academy tax-deductible?
Springfield Preparatory And Fitness Academy is registered as a tax-exempt nonprofit (EIN: 201035429). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Springfield Preparatory And Fitness Academy manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization may be primarily run by volunteers at the executive level, or that executive compensation is reported under other expense categories not explicitly labeled as 'Officer Comp' in the summary data. This practice, if truly volunteer-driven, significantly reduces administrative overhead.
Why are the organization's assets so low compared to its annual revenue?
The organization's assets, such as $36,358 against $2,599,312 in latest revenue, are consistently low. This indicates a lean operational model where most incoming funds are spent on current year programs and operations rather than being accumulated as reserves or endowments. This approach prioritizes immediate program delivery over long-term asset building.
What is the breakdown of program, administrative, and fundraising expenses?
While specific functional expense breakdowns are not provided in the summary data, the consistent matching of revenue and expenses, coupled with 0% officer compensation, suggests a high proportion of spending is directed towards programs. Without detailed 990 schedules, a precise breakdown is an estimation, but the financial pattern implies a strong program focus.
Filing History
IRS 990 filing history for Springfield Preparatory And Fitness Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Springfield Preparatory And Fitness Academy's revenue has grown by 65.9%, moving from $1.6M to $2.6M. Total assets increased by 51312.3% over the same period, from $228 to $117K. Total functional expenses rose by 63.8%, from $1.6M to $2.6M. In its most recent filing year (2023), Springfield Preparatory And Fitness Academy reported a surplus of $0, with revenue exceeding expenses. The organization holds $117K in liabilities against $117K in assets (debt-to-asset ratio: 99.9%), resulting in net assets of $100.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.6M | $117K | $117K | — | — |
| 2021 | $1.7M | $1.7M | $37K | $37K | — | — |
| 2020 | $1.8M | $1.8M | $51K | $51K | — | View 990 |
| 2019 | $1.8M | $1.7M | $57K | $57K | — | View 990 |
| 2018 | $1.7M | $1.7M | $54K | $54K | — | View 990 |
| 2017 | $1.6M | $1.6M | $40K | $40K | — | View 990 |
| 2016 | $1.9M | $1.9M | $102K | $102K | — | View 990 |
| 2015 | $1.8M | $1.8M | $2K | $2K | — | — |
| 2014 | $1.8M | $1.8M | $2K | $2K | — | View 990 |
| 2013 | $1.8M | $1.8M | $100 | $0 | — | View 990 |
| 2012 | $1.9M | $1.9M | $100 | $0 | — | View 990 |
| 2011 | $1.6M | $1.6M | $228 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.6M, and assets of $117K (revenue +51.9% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.7M, and assets of $37K (revenue -0.8% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.8M, and assets of $51K (revenue -1.4% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.7M, and assets of $57K (revenue +7.3% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.7M, and assets of $54K (revenue +2.7% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $40K (revenue -15.5% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.9M, and assets of $102K (revenue +5.0% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $2K (revenue -1.2% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $2K (revenue +3.2% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $100 (revenue -5.4% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.9M, and assets of $100 (revenue +18.5% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $228.
Data Sources and Methodology
This transparency report for Springfield Preparatory And Fitness Academy 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.