CHARLOTTE SECONDARY SCHOOL INC (EIN 061717740) - 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

2004

Legal Domicile

Principal Officer

IRIS JONES-HARVEY

Phone

7042950137

Tax Period

2023-07-01 to 2024-06-30

CHARLOTTE SECONDARY SCHOOL INC, founded in 2004, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2023. The organization ran a surplus of $481K, a strong 21% operating margin.

Mission

OPERATION OF A PUBLIC CHARTER SCHOOL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,242,128

Program Service Revenue $1,522

Investment Income $4,781

Other Revenue $18,977

TOTAL REVENUE $2,267,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,711,463

Fundraising Expenses $0

Program Expenses $1,327,412

Other Expenses $74,584

TOTAL EXPENSES $1,786,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,267,408	$2,238,260	+0.0%
Expenses	$1,786,047	$2,623,032	-0.3%
Net Income	$481,361	$-384,772	-2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL SAGOO	CHAIR	1.00	Officer Director	$0	$0	$0
ANGELA BASS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
GERALD BELLAMY	DIRECTOR	1.00	Director	$0	$0	$0
ERIKA ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
KELLY RUDICK	DIRECTOR	1.00	Director	$0	$0	$0
CHARISE BLACKMON	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
2025	No data	No data	No data	No data
2024	$2,267,408	$1,786,047	$2,417,134	$481,361
2023	$2,238,260	$2,623,032	$3,177,619	$-384,772
2022	$2,826,427	$3,258,724	$3,456,044	$-432,297
2021	$3,149,820	$1,962,794	$2,306,739	$1,187,026
2020	$2,886,442	$2,574,748	$2,318,968	$311,694

CHARLOTTE SECONDARY SCHOOL INC