EXPLORATIONS INC (EIN 061483283) - 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

Jill E Johnson

Phone

8607389070

Tax Period

2024-07-01 to 2025-06-30

EXPLORATIONS INC, founded in 1997, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 19% operating deficit.

Mission

Operate as a Charter School and provide an interactive learning environment

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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 $1,140,201

Program Service Revenue $309,981

Investment Income $2

Other Revenue $5,163

TOTAL REVENUE $1,455,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,262,454

Fundraising Expenses $0

Program Expenses $1,551,003

Other Expenses $465,265

TOTAL EXPENSES $1,727,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,455,347	$1,544,718	-0.1%
Expenses	$1,727,719	$1,680,311	+0.0%
Net Income	$-272,372	$-135,593	+1.0%

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

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

$116,850

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jill E Johnson	Executive Dir.	40.00	Officer	$114,828	$2,022	$116,850
Kali Blakeslee	Secretary	1.00	Director	$0	$0	$0
Hilary Paden	Director	1.00	Director	$0	$0	$0
Robert Peterson	Chairperson	2.00	Officer Director	$0	$0	$0
Lori Noto	Director	1.00	Director	$0	$0	$0
Ginni Block	Treasurer	2.00	Officer Director	$0	$0	$0
Greg Skinner	Director	1.00	Director	$0	$0	$0
Brian Raydenbow	Director	1.00	Director	$0	$0	$0
Julie Luby	Director	1.00	Director	$0	$0	$0
Sarah Haynes	Chairman	2.00	Officer 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	$1,455,347	$1,727,719	$1,467,518	$-272,372
2024	$1,544,718	$1,680,311	$1,908,155	$-135,593
2023	$2,029,909	$1,760,077	$1,962,289	$269,832
2022	$1,504,125	$1,733,589	$1,592,828	$-229,464
2021	$1,783,509	$1,674,744	$1,646,197	$108,765
2020	$1,711,423	$1,660,383	$1,688,064	$51,040
2019	$1,759,855	$1,816,479	$1,656,616	$-56,624
2018	$1,756,389	$1,847,307	$1,734,605	$-90,918

EXPLORATIONS INC