Phoenix Advantage Charter School (EIN 043309215) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Principal Officer

Chad Barnett

Phone

6022638777

Tax Period

2021-07-01 to 2022-06-30

Phoenix Advantage Charter School, founded in 1997, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2021. Revenue decreased 8% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

The School's mission is to prepare students for the choices and challenges in a complex world.

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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 (2021)

Revenue Breakdown

Contributions & Grants $2,829,729

Program Service Revenue $0

Investment Income $338

Other Revenue $36,378

TOTAL REVENUE $2,866,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,402,030

Fundraising Expenses $0

Program Expenses $2,786,226

Other Expenses $1,838,756

TOTAL EXPENSES $3,240,786

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,866,445	$3,116,244	-0.1%
Expenses	$3,240,786	$2,541,031	+0.3%
Net Income	$-374,341	$575,213	-1.7%

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

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

$114,740

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rochelle Elliot	Principal/Superintendent	40.00	Officer	$109,409	$5,331	$114,740
Chad Barnett	Board Chair	2.00	Director	$0	$0	$0
Fernando Trinidad	Director	1.00	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
2022	$2,866,445	$3,240,786	$6,267,078	$-374,341
2021	$3,116,244	$2,541,031	$6,755,365	$575,213
2020	$2,215,792	$2,647,556	$6,165,289	$-431,764

Phoenix Advantage Charter School