Christel House Academy Inc

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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

2001

Legal Domicile

Phone

3177834690

Tax Period

2024-07-01 to 2025-06-30

Christel House Academy Inc, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $31.9M in total revenue in fiscal year 2024. Expenses of $29.1M left a modest 9% surplus.

Mission

CHRISTEL HOUSE SCHOOLS is a network of public charter schools in Indianapolis whose objective is to offer a transformational and high quality educational experience for impoverished urban population.

Program Service Accomplishments

Program 1

Expenses: $20,569,735 Revenue: $1,632,435

EDUCATION - CHRISTEL HOUSE ACADEMY OFFERS EDUCATIONAL PROGRAMMING FOR ELEMENTARY AND SECONDARY STUDENTS AT TWO SCHOOL LOCATIONS IN GRADES K-12. STUDENTS ARE TAUGHT USING THE INDIANA ACADEMIC...

EDUCATION - CHRISTEL HOUSE ACADEMY OFFERS EDUCATIONAL PROGRAMMING FOR ELEMENTARY AND SECONDARY STUDENTS AT TWO SCHOOL LOCATIONS IN GRADES K-12. STUDENTS ARE TAUGHT USING THE INDIANA ACADEMIC STANDARDS, INCLUDING COLLEGE AND CAREER READINESS SKILLS, IN ADDITION TO A VARIETY OF ELECTIVE COURSES. ENHANCED CURRICULUM OFFERS SUPPLEMENTAL INSTRUCTION AROUND 21ST CENTURY TECHNOLOGY SKILLS, THE INTERNATIONAL PRIMARY CURRICULUM, WORKPLACE CERTIFICATIONS AND DUAL CREDIT OFFERINGS. CHARACTER AND VALUES EDUCATION LESSONS ARE EMBEDDED IN THE ESTABLISHED COURSEWORK. ADDITIONALLY, COLLEGE AND CAREER COUNSELING OCCURS THROUGHOUT THE ACADEMIC YEAR AND SUPPORT SERVICES ARE EXTENDED TO GRADUATES FOR MULTIPLE YEARS BEYOND HIGH SCHOOL GRADUATION.

Program 2

Expenses: $7,258,220

ADULT EDUCATION - CHRISTEL HOUSE DORS (DROP OUT RECOVERY SCHOOL) OFFERS EDUCATIONAL PROGRAMMING FOR ADULT HIGH SCHOOL STUDENTS AT TWO SCHOOLS IN THREE SEPARATE LOCATIONS. STUDENTS ARE TAUGHT GENERAL ACADEMIC STANDARDS INCLUDING CURRICULUM ENHANCEMENTS AND SUPPLEMENTAL INSTRUCTION BASED ON STUDENT NEEDS. DORS SERVES A DIVERSE POPULATION AND PROVIDE STUDENTS A VARIETY OF SUPPORT SERVICES, INCLUDING COLLEGE AND CAREER SUPPORT, DUAL CREDIT OPTIONS, AND WORKPLACE CERTIFICATION TRAINING. SUPPORT SERVICES ARE EXTENDED TO GRADUATES FOR MULTIPLE YEARS BEYOND GRADUATION.

Program 3

Expenses: $214,030

TEACHER TRAINING - CHRISTEL HOUSE INDYTEACH is a paid teacher apprenticeship program, leading to state licensing, that is embedded in Christel House Schools. This is a one-year program where the...

TEACHER TRAINING - CHRISTEL HOUSE INDYTEACH is a paid teacher apprenticeship program, leading to state licensing, that is embedded in Christel House Schools. This is a one-year program where the apprentice teachers primarily work with mentors in the school, while completing on the job training. IndyTeach is a non-higher education, non-credit bearing, state approved alternative licensing program that focuses on preparation for teaching an impoverished, urban student population.

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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 $29,946,887

Program Service Revenue $1,632,435

Investment Income $328,406

Other Revenue $0

TOTAL REVENUE $31,907,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,252,847

Fundraising Expenses $0

Program Expenses $28,041,985

Other Expenses $8,831,180

TOTAL EXPENSES $29,084,027

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,907,728	$32,866,945	0.0%
Expenses	$29,084,027	$28,495,703	+0.0%
Net Income	$2,823,701	$4,371,242	-0.4%

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

352

Volunteers

300

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

$879,898

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERKSHIRE LACEY M	BOARD SECRETARY	1.0	Officer Director	$0	$0	$0
OSBORN STEVE	BOARD CHAIR	1.0	Officer Director	$0	$0	$0
PULLIAM JASON	BOARD TREASURER	1.0	Officer Director	$0	$0	$0
FALCON FERNANDO	DIRECTOR (UNTIL 12/31/24)	1.0	Director	$0	$0	$0
HARRIS DAVID E	DIRECTOR (AS OF 12/13/24)	1.0	Director	$0	$0	$0
HARRISON LOGAN	DIRECTOR	1.0	Director	$0	$0	$0
LILIEN JASON	DIRECTOR (UNTIL 8/4/2024)	1.0	Director	$0	$0	$0
MACARENHAS WILFRED	DIRECTOR	1.0	Director	$0	$0	$0
MOOREHEAD JULIE	DIRECTOR	1.0	Director	$0	$0	$0
OHRN NICHOLAS A	DIRECTOR	1.0	Director	$0	$0	$0
PARCHMAN COREY	DIRECTOR	1.0	Director	$0	$0	$0
PETERSON BART	DIRECTOR (UNTIL 8/31/2024)	1.0	Director	$0	$0	$0
RASHIDFOROKHI CAROLINA MELEAN	DIRECTOR	1.0	Director	$0	$0	$0
RICHARDSON BRYAN	DIRECTOR	1.0	Director	$0	$0	$0
RIVERA MARTINEZ VICTOR M	DIRECTOR	1.0	Director	$0	$0	$0
SCOTT DANIEL	DIRECTOR (AS OF 12/13/24)	1.0	Director	$0	$0	$0
SEYMOUR TINA	DIRECTOR (AS OF 12/13/24)	1.0	Director	$0	$0	$0
BERRY TARRELL	CHIEF STRATEGY OFFICER	40.0	Officer	$141,253	$14,409	$155,662
MASENGALE EMILY	CEO/BOARD PRESIDENT-NO VOTING RIGHTS	40.0	Officer	$307,468	$55,890	$363,358
STONE SUMMER	CHIEF FINANCIAL OFFICER	40.0	Officer	$124,272	$36,693	$160,965
WESTERMAN TRACY	CHIEF ACADEMIC OFFICER	40.0	Officer	$172,309	$27,604	$199,913
DAVIS RONNISHA E	PRINCIPAL	40.0	Highest	$109,610	$26,744	$136,354
PARQUET ERIC S	PRINCIPAL	40.0	Highest	$152,240	$14,678	$166,918
PITTMAN VICTORIA P	PRINCIPAL	40.0	Highest	$149,374	$32,357	$181,731
REYNOLDS JENNY	PRINCIPAL (UNTIL APRIL 2024)	40.0	Highest	$123,026	$12,303	$135,329
SOPKO TIMOTHY R	DIRECTOR OF OPERATIONS	40.0	Highest	$123,859	$20,989	$144,848

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	$31,907,728	$29,084,027	$29,058,809	$2,823,701
2024	No data	No data	No data	No data
2023	$28,804,889	$27,635,685	$30,071,036	$1,169,204
2022	$33,476,548	$26,907,632	$18,804,577	$6,568,916
2021	$29,066,462	$23,110,996	$13,789,684	$5,955,466
2020	$19,219,885	$18,972,922	$7,946,837	$246,963
2019	$17,693,460	$17,078,783	$5,484,430	$614,677
2018	$16,173,058	$15,587,076	$4,270,781	$585,982