POLARIS CHARTER ACADEMY

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

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

TO ORGANIZE AND OPERATE A CHARTER SCHOOL IN CHICAGO, IL AND ENGAGE IN OTHER EDUCATION ACTIVITIES PERMISSABLE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986.

Program Service Accomplishments

Program 1

Expenses: $5,534,460 Revenue: $183,855

POLARIS CHARTER ACADEMY IS A K-8 SCHOOL IN THE WEST HUMBOLDT PARK NEIGHBORHOOD OF CHICAGO. POLARIS IS A RECOGNIZED LEADER IN A RIGOROUS AND ENGAGING APPROACH TO TEACHING AND LEARNING. AS AN EL...

POLARIS CHARTER ACADEMY IS A K-8 SCHOOL IN THE WEST HUMBOLDT PARK NEIGHBORHOOD OF CHICAGO. POLARIS IS A RECOGNIZED LEADER IN A RIGOROUS AND ENGAGING APPROACH TO TEACHING AND LEARNING. AS AN EL EDUCATION CREDENTIALED MENTOR SCHOOL, POLARIS STUDENTS ENGAGE IN LEARNING EXPEDITIONS THAT TIE STANDARDS TO MEANINGFUL WORK FOCUSED ON FINDING COMPLEX SOLUTIONS TO REAL WORLD PROBLEMS AROUND ISSUES OF SOCIAL JUSTICE. POLARIS CHARTER ACADEMY HAS HAD A BROAD IMPACT ON NATIONAL AND INTERNATIONAL EDUCATION. POLARIS STUDENTS HAVE GIVEN THE KEYNOTE ADDRESS AT BOTH THE EL EDUCATION NATIONAL CONFERENCE AND THE HEWLETT FOUNDATION'S DEEPER LEARNING CONFERENCE. TEACHERS AND ADMINISTRATORS HAVE PRESENTED THEIR WORK BOTH NATIONALLY AND INTERNATIONALLY TO THOUSANDS OF EDUCATORS. POLARIS IS FEATURED AS AN EXEMPLARY SCHOOL MODEL IN PAUL TOUGH'S BOOK HELPING CHILDREN SUCCEED, AND POLARIS STUDENT WORK IS FEATURED IN THE HARVARD GRADUATE SCHOOL OF EDUCATION'S ONLINE ARCHIVE "MODELS OF EXCELLENCE". POLARIS CHARTER ACADEMY IS A LEVEL 1 SCHOOL WHERE 8TH GRADE GRADUATES SUCCESSFULLY TRANSITION TO TOP HIGH SCHOOLS AROUND THE CITY.

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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%)

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$253,482

Total Directors