Merit Preparatory Academy
Springville, Utah
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 4 peers in Education with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $5,756,187↑8% | $5,282,063↑13% | $13,631,519↑2% | |
| 2022 | $5,333,251↑14% | $4,687,008↑2% | $13,301,648↑4% | — |
| 2021 | $4,674,438↑4% | $4,609,131↑1% | $12,760,586↑1% | — |
| 2020 | $4,506,213↓4% | $4,543,000↑11% | $12,682,596↑2% | — |
| 2019 | $4,679,644↑30% | $4,110,423↑5% | $12,490,070↑6% | — |
| 2018 | $3,609,848↑12% | $3,932,992↑10% | $11,731,780↓3% | — |
| 2017 | $3,216,284↑12% | $3,565,557↓1% | $12,124,911↓3% | — |
| 2016 | $2,870,894↓20% | $3,593,449↑3% | $12,561,818↓5% | — |
| 2015 | $3,586,041↑2% | $3,492,996↓2% | $13,176,428↓2% | — |
| 2014 | $3,513,736↓22% | $3,557,551↓18% | $13,459,972↑1467% | — |
| 2013 | $4,476,744↑5% | $4,344,963↑12% | $858,708↑28% | — |
| 2012 | $4,265,109↑65% | $3,888,925↑60% | $669,810↑127% | — |
| 2011 | $2,591,387 | $2,434,180 | $294,672 | — |
Frequently Asked Questions
What does Merit Preparatory Academy do?▼
Merit Preparatory Academy is a education nonprofit organization based in Utah. It is classified under NTEE code B29 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Merit Preparatory Academy financially healthy?▼
Based on our 9-metric Financial Health Score model, Merit Preparatory Academy has a score of 61/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Merit Preparatory Academy generate?▼
Merit Preparatory Academy reports $6.8M in annual revenue and holds $14.7M in total assets, based on IRS filings.