Mountain Island Day Community Charter School

EIN: 010916385 501(c)(3) Education

Charlotte, NC

Total Revenue
$10,858,201
Total Expenses
$10,506,954
Total Assets
$1,227,931
Net Assets
$464,756
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NC
Principal Officer
Steve Jones
Phone
7043915516
Tax Period
2024-07-01 to 2025-06-30

Mountain Island Day Community Charter School, founded in 2019, is a mid-sized nonprofit in the Education sector that reported $10.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $10.5M left a modest 3% surplus.

Mission

Public, tuition-free charter school educating and nurturing the whole child. Along with scholastic endeavors, the School focuses on character, ethics, service, physical and emotional health in a creative and positive environment that enhances learning and growing.

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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 $674,459
Program Service Revenue $10,183,742
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,858,201

Expense Breakdown

Grants Paid $183,118
Salaries & Benefits $6,089,505
Fundraising Expenses $7,440
Program Expenses $9,527,018
Other Expenses $4,234,331
TOTAL EXPENSES $10,506,954

Year-over-Year Comparison

2024 2023 Change
Revenue $10,858,201 $9,989,242 +0.1%
Expenses $10,506,954 $10,349,311 +0.0%
Net Income $351,247 $-360,069 -2.0%
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
6
Independent Members
6
Employees
158
Volunteers
6

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
5
$199,420
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tammy Winstead Dean of Ops. 40.00
Officer
$96,623 $15,830 $112,453
Tom Winstead Dean of Ops. 40.00
Officer
$73,025 $13,942 $86,967
Steve Jones Chair 5.00
Officer Director
$0 $0 $0
Mike Teeter Secretary 5.00
Officer Director
$0 $0 $0
Ken Holt Treasurer 5.00
Officer Director
$0 $0 $0
Daniel Tart Director 5.00
Director
$0 $0 $0
Rachelle Reid Director 5.00
Director
$0 $0 $0
Bitika Williams Director 5.00
Director
$0 $0 $0
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 $10,858,201 $10,506,954 $1,227,931 $351,247
2024 $9,989,242 $10,349,311 $809,553 $-360,069
2023 $8,662,727 $10,602,885 $985,678 $-1,940,158
2022 $8,312,233 $7,137,746 $2,734,065 $1,174,487
2021 $5,997,256 $5,439,376 $2,154,759 $557,880
2020 $4,390,065 $3,639,763 $977,803 $750,302
2019 $3,520,267 $3,316,521 $6,806,922 $203,746
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