Toledo Preparatory And Fitness Academy
Toledo Preparatory And Fitness Academy consistently operates at break-even with no reported officer compensation.
EIN: 202756494 · Toledo, OH · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $3.7M |
| Program Spending | 90% |
| Net Assets | $100 |
| Transparency Score | 85/100 |
Is Toledo 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 →
Toledo Preparatory And Fitness Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Toledo Preparatory And Fitness Academy
Toledo Preparatory And Fitness Academy (EIN: 202756494) is a nonprofit organization based in Toledo, OH, classified under NTEE code B20. The organization reported total revenue of $4.6M and total assets of $192K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Toledo Preparatory And Fitness Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Toledo Preparatory And Fitness Academy is a mid-size nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $3.7M |
| Surplus / Deficit | +$0 |
| Total Assets | $367K |
| Total Liabilities | $367K |
| Net Assets | $100 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2023, Toledo Preparatory And Fitness Academy reported a surplus of $0 with revenue exceeding expenses, holds 1.2 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 9 years of filings (2013–2023), Toledo Preparatory And Fitness Academy's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.7% | +26.7% | +596.3% |
| 2021 | +28.3% | +28.3% | -25.9% |
| 2020 | +3.2% | +3.2% | +10.0% |
| 2019 | +3.4% | +3.4% | -5.7% |
| 2018 | -6.1% | -6.1% | +53.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
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 Toledo 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Toledo Preparatory And Fitness Academy allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly favorable, suggesting all available funds are directed towards the organization's mission rather than executive salaries.
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 Toledo Preparatory And Fitness Academy's IRS 990 filings:
- Low asset base relative to annual revenue, indicating limited reserves and potential vulnerability to financial shocks.
Strengths
The following positive indicators were identified for Toledo Preparatory And Fitness Academy:
- Consistent 0% officer compensation across all filings, demonstrating high efficiency in executive pay.
- Steady revenue growth over the past decade, indicating increasing operational scale and impact.
- Consistent break-even operations, suggesting sound financial management in meeting expenses with revenue.
Frequently Asked Questions about Toledo Preparatory And Fitness Academy
Is Toledo Preparatory And Fitness Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Toledo Preparatory And Fitness Academy (EIN: 202756494) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Toledo Preparatory And Fitness Academy spend its money?
Toledo Preparatory And Fitness Academy directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Toledo Preparatory And Fitness Academy tax-deductible?
Toledo Preparatory And Fitness Academy is registered as a tax-exempt nonprofit (EIN: 202756494). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Toledo Preparatory And Fitness Academy's spending goes to programs?
Toledo Preparatory And Fitness Academy directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Toledo Preparatory And Fitness Academy compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Toledo Preparatory And Fitness Academy is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Toledo Preparatory And Fitness Academy located?
Toledo Preparatory And Fitness Academy is headquartered in Toledo, Ohio and files with the IRS under EIN 202756494. It is classified under NTEE code B20.
How many years of IRS 990 filings does Toledo Preparatory And Fitness Academy have?
Toledo Preparatory And Fitness Academy has 9 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 $4.6M in total revenue.
Is Toledo Preparatory And Fitness Academy a good charity?
Based on the available IRS 990 data, Toledo Preparatory And Fitness Academy appears to be a financially responsible organization. It consistently operates at a break-even point, and notably, reports 0% officer compensation across all filings, indicating a strong commitment to directing funds to its mission. Its primary function as a public charter school (NTEE B20) means its 'charitable' impact is directly tied to its educational services.
How has the organization's revenue grown over time?
The organization has shown significant revenue growth, increasing from $1,281,957 in 201306 to $4,634,195 in its latest reported period. This represents a substantial increase in its operational scale over the past decade.
What is the organization's asset position?
The organization's assets have fluctuated, reaching $367,255 in 202306, but are relatively low compared to its annual revenue. This suggests a lean operational model with limited financial reserves, as indicated by the latest assets of $192,306 against $4,634,195 in revenue.
Filing History
IRS 990 filing history for Toledo Preparatory And Fitness Academy showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2013–2023), Toledo Preparatory And Fitness Academy's revenue has grown by 192.4%, moving from $1.3M to $3.7M. Total assets increased by 367155% over the same period, from $100 to $367K. Total functional expenses rose by 192.4%, from $1.3M to $3.7M. In its most recent filing year (2023), Toledo Preparatory And Fitness Academy reported a surplus of $0, with revenue exceeding expenses. The organization holds $367K in liabilities against $367K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $100.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $3.7M | $367K | $367K | — | — |
| 2021 | $3.0M | $3.0M | $53K | $53K | — | — |
| 2020 | $2.3M | $2.3M | $71K | $71K | — | View 990 |
| 2019 | $2.2M | $2.2M | $65K | $65K | — | View 990 |
| 2018 | $2.2M | $2.2M | $69K | $69K | — | View 990 |
| 2017 | $2.3M | $2.3M | $45K | $45K | — | View 990 |
| 2016 | $2.0M | $2.0M | $106K | $106K | — | View 990 |
| 2015 | $1.8M | $1.8M | $429 | $329 | — | — |
| 2013 | $1.3M | $1.3M | $100 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $3.7M, and assets of $367K (revenue +26.7% year-over-year).
- 2021: Revenue of $3.0M, expenses of $3.0M, and assets of $53K (revenue +28.3% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.3M, and assets of $71K (revenue +3.2% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.2M, and assets of $65K (revenue +3.4% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.2M, and assets of $69K (revenue -6.1% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.3M, and assets of $45K (revenue +13.4% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $106K (revenue +10.0% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $429 (revenue +44.0% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $100.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Toledo Preparatory And Fitness Academy:
Data Sources and Methodology
This transparency report for Toledo 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.