TRIO Wolf Creek Distance Learning … - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

Michael Hamernick

Phone

6512132901

Tax Period

2024-07-01 to 2025-06-30

TRIO Wolf Creek Distance Learning Charter School, founded in 2002, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.5M left a modest 12% surplus.

Mission

To provide students with a personalized and flexible online education that will prepare them for future success.

Program Service Accomplishments

Program 1

Expenses: $2,229,829 Revenue: $24,697

TRIO is an online high school serving students in grades 9-12. TRIO's mission statement is "to provide students with a pernsonalized and flexible online education that will prepare them for future...

TRIO is an online high school serving students in grades 9-12. TRIO's mission statement is "to provide students with a pernsonalized and flexible online education that will prepare them for future success." Staff retention and steady enrollment are the hallmarks of service accomplishments for the year. Continued work on providing varying levels for support for students is also noted.

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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 $2,679,858

Program Service Revenue $190

Investment Income $125,274

Other Revenue $24,507

TOTAL REVENUE $2,829,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,814,696

Fundraising Expenses $0

Program Expenses $2,229,829

Other Expenses $664,733

TOTAL EXPENSES $2,479,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,829,829	$2,583,476	+0.1%
Expenses	$2,479,429	$2,508,516	0.0%
Net Income	$350,400	$74,960	+3.7%

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

N/A

Employees

Volunteers

N/A

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

$199,084

Total Directors

$322,847

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Lake	Board Chair	2.00	Officer Director	$600	$0	$600
Susan Frame	Vice-Chairperson	2.00	Officer Director	$650	$0	$650
Sandra Flint	Board Secretary/Treasurer/Teacher	40.00	Officer Director	$82,101	$46,221	$128,322
Ruth Stark	Director	2.00	Director	$400	$0	$400
Lori Nelson	Director/Teacher	40.00	Director	$62,412	$49,274	$111,686
William Mack	Director	2.00	Director	$400	$0	$400
Chloe Jackson	Director/Teacher	40.00	Director	$65,542	$15,247	$80,789
Michael Hamernick	Excuitive Director	40.00	Officer	$59,100	$10,412	$69,512

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	$2,829,829	$2,479,429	$3,923,413	$350,400
2024	$2,583,476	$2,508,516	$3,731,149	$74,960
2024	$2,583,476	$2,508,516	$3,731,149	$74,960
2023	$2,858,798	$2,213,567	$3,749,127	$645,231
2023	$2,858,798	$2,213,567	$3,749,127	$645,231
2022	$2,310,580	$1,998,303	$2,904,628	$312,277
2021	$1,916,649	$2,204,592	$2,755,627	$-287,943
2020	$2,060,470	$2,054,869	$3,308,611	$5,601

TRIO Wolf Creek Distance Learning Charter School