POLARIS CHARTER ACADEMY

EIN: 010874029 501(c)(3) Education

CHICAGO, IL

Total Revenue
$6,028,539
Total Expenses
$6,506,454
Total Assets
$2,199,493
Net Assets
$2,113,763
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
IL
Principal Officer
MICHELLE NAVARRE
Phone
7735340820
Tax Period
2024-07-01 to 2025-06-30

POLARIS CHARTER ACADEMY, founded in 2006, is a community nonprofit in the Education sector that reported $6.0M in total revenue in fiscal year 2024.

Mission

THE MISSION OF POLARIS CHARTER ACADEMY IS TO EDUCATE STUDENTS TO BE SELF-MOTIVATED, CREATIVE, CRITICAL THINKERS, WITH THE ULTIMATE GOAL OF SHAPING LIFE-LONG LEARNERS AND CITIZENS WITH A STRONG SENSE OF PERSONAL AND CIVIC RESPONSIBILITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,820,215
Program Service Revenue $183,855
Investment Income $40,218
Other Revenue $-15,749
TOTAL REVENUE $6,028,539

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,146,929
Fundraising Expenses $284,348
Program Expenses $5,534,460
Other Expenses $1,359,525
TOTAL EXPENSES $6,506,454

Year-over-Year Comparison

2024 2023 Change
Revenue $6,028,539 $5,827,963 +0.0%
Expenses $6,506,454 $6,146,140 +0.1%
Net Income $-477,915 $-318,177 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
9
Employees
73
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$253,482
Total Directors
15
$253,482
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE NAVARRE EXECUTIVE DIRECTOR 40.00
Officer Director
$204,651 $48,831 $253,482
TINA YAROVSKY BOARD CHAIR 1.00
Officer Director
$0 $0 $0
ROEL MASON-VIVIT VICE CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL DAVISON TREASURER 1.00
Officer Director
$0 $0 $0
YAA BOAKYE SECRETARY 1.00
Officer Director
$0 $0 $0
AYANNA BERRY MEMBER 1.00
Director
$0 $0 $0
SAMUEL BOTTUM MEMBER 1.00
Director
$0 $0 $0
BENNETT BRENTON MEMBER 1.00
Director
$0 $0 $0
ANTONIO GONZALEZ MEMBER 1.00
Director
$0 $0 $0
LAUREN LEVINE MEMBER 1.00
Director
$0 $0 $0
LACEY MIZELL SECRETARY-TERM 1.00
Officer Director
$0 $0 $0
CHRISTOPHER HAWORTH MEMBER-TERM 1.00
Director
$0 $0 $0
STAHILI MUHAMMAD MEMBER-TERM 1.00
Director
$0 $0 $0
DERIK OHANIAN MEMBER-TERM 1.00
Director
$0 $0 $0
IAN ROCHE MEMBER-TERM 1.00
Director
$0 $0 $0
FRANCESCA VERDECCHIA PRINCIPAL 40.00
Highest
$120,126 $35,471 $155,597
LISSETTE SANCHEZ DIRECTOR OF FINANCE & OPERATIONS 40.00
Highest
$116,554 $26,554 $143,108
TAMMY VANCE DIRECTOR OF COMMUNITY ENGAGEMENT 40.00
Highest
$111,804 $27,632 $139,436
MOLLY BRADY TEACHER 40.00
Highest
$110,909 $28,941 $139,850
JOHN LYDON DIRECTOR OF PROGRAM DEVELOPMENT 40.00
Highest
$104,438 $28,517 $132,955
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $6,028,539 $6,506,454 $2,199,493 $-477,915
2024 $5,827,963 $6,146,140 $2,680,354 $-318,177
2023 $5,853,495 $6,416,575 $3,012,188 $-563,080
2022 $6,074,897 $5,908,060 $3,753,040 $166,837
2021 $6,296,349 $5,473,490 $3,374,393 $822,859
2020 $5,467,349 $5,394,740 $3,397,758 $72,609
2019 $5,361,152 $5,127,693 $2,476,470 $233,459
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