INTERNATIONAL CHARTER SCHOOL CORPORATION

EIN: 050519201 501(c)(3) Education

PAWTUCKET, RI

Total Revenue
$7,232,418
Total Expenses
$6,832,968
Total Assets
$5,013,859
Net Assets
$3,603,929
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
RI
Principal Officer
JULIE NORA
Phone
4017210824
Tax Period
2024-07-01 to 2025-06-30

INTERNATIONAL CHARTER SCHOOL CORPORATION, founded in 2001, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $6.8M left a modest 6% surplus.

Mission

THE MISSION OF ICS IS TO INTEGRATE THE DIVERSE LANGUAGES AND CULTURES OF THE COMMUNITIES IT SERVES BY TEACHING ALL STUDENTS IN TWO LANGUAGES-IN SPANISH AND ENGLISH OR IN PORTUGUESE AND ENGLISH-AND HELPING CHILDREN DEVELOP AN APPRECIATION OF OTHER CULTURES. CHILDREN LEARN TO WORK COLLABORATIVELY FROM THEIR MULTIPLE EXPERIENCES AND BACKGROUNDS, STRIVING TOWARDS HIGH STANDARDS OF ACADEMIC ACHIEVEMENT. EVERYONE IS PART OF A COMMUNITY OF LEARNERS, ENGAGING IN INQUIRY ABOUT THE WORLD, THEMSELVES, AND OTHERS.

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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 $640,997
Program Service Revenue $6,573,120
Investment Income $0
Other Revenue $18,301
TOTAL REVENUE $7,232,418

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,616,507
Fundraising Expenses $0
Program Expenses $6,327,939
Other Expenses $2,216,461
TOTAL EXPENSES $6,832,968

Year-over-Year Comparison

2024 2023 Change
Revenue $7,232,418 $7,766,810 -0.1%
Expenses $6,832,968 $7,101,399 0.0%
Net Income $399,450 $665,411 -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

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Governance

Voting Members
14
Independent Members
11
Employees
83
Volunteers
11

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
7
$555,577
Total Directors
14
$591,997
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHLEEN CLOUTIER TREASURER 1.00
Officer Director
$0 $13,251 $198,611
MILAGRO SIQUE TRUSTEE 1.00
Director
$0 $25,078 $182,886
JULIE NORA PHD EXECUTIVE DIRECTOR 40.00
Officer Director
$161,066 $49,434 $210,500
ROSA DEVARONA ASSISTANT DIRECTOR 40.00
Highest
$118,898 $30,019 $148,917
KATHLEEN NERSTHEIMER SPEC. SERVICES DIRECTOR 40.00
Officer
$105,407 $41,059 $146,466
EVELIN PENA DIRECTOR OF FINANCE 40.00
Officer
$0 $0 $0
FRANCISCO LOVERA PRESIDENT 1.00
Officer Director
$0 $0 $0
GINA RODRIGUEZ-DRIX VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KQANTU PAREJA BENT SECRETARY 1.00
Officer Director
$0 $0 $0
LINDSEY BRICKLE TRUSTEE 1.00
Director
$0 $0 $0
RUTH CORLEY TRUSTEE 1.00
Director
$0 $0 $0
TAMARA GARCIA TRUSTEE 1.00
Director
$0 $0 $0
DAN KAHN TRUSTEE 1.00
Director
$0 $0 $0
ANNE MAXWELL LIVINGSTON TRUSTEE 1.00
Director
$0 $0 $0
LUIS M LOURENCO TRUSTEE 1.00
Director
$0 $0 $0
BRITT PAGE TRUSTEE 1.00
Director
$0 $0 $0
ROBIN TORBRON WARDE TRUSTEE 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
2025 $7,232,418 $6,832,968 $5,013,859 $399,450
2024 No data No data No data No data
2023 $7,572,991 $7,540,868 $4,382,275 $32,123
2022 $7,126,602 $6,933,159 $4,063,532 $193,443
2021 $6,703,285 $6,145,838 $4,227,421 $557,447
2020 $5,862,073 $5,728,827 $4,178,817 $133,246
2019 $5,932,935 $5,737,237 $3,401,576 $195,698
2018 $5,533,713 $5,493,022 $3,313,552 $40,691
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