CLARKFIELD AREA CHARTER SCHOOL (EIN 113802231) - 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

2007

Legal Domicile

Principal Officer

BRENDA RISA

Phone

3206691995

Tax Period

2022-07-01 to 2023-06-30

CLARKFIELD AREA CHARTER SCHOOL, founded in 2007, is a small nonprofit that reported $588K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $225K, a strong 38% operating margin.

Mission

EDUCATION OF K-4 YOUTH

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $71

Other Revenue $587,758

TOTAL REVENUE $587,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,073

Fundraising Expenses $0

Program Expenses $258,433

Other Expenses $256,664

TOTAL EXPENSES $362,737

Year-over-Year Comparison

	2022	2021	Change
Revenue	$587,829	$700,502	-0.2%
Expenses	$362,737	$639,399	-0.4%
Net Income	$225,092	$61,103	+2.7%

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

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

$18,363

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY JESSEN	TREASURER/TE	1.00	Officer	$18,363	$0	$18,363
LACEY GILLOTT	VICE CHAIRPE	1.00	Officer	$0	$0	$0
KRISTIN HEDTKE	CLERK	1.00	Officer	$0	$0	$0
BRENDA RISA	CHAIRPERSON	1.00	Officer	$0	$0	$0
NICOLE WOLD	SECRETARY	1.00	Officer	$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
2023	$587,829	$362,737	No data	$225,092
2022	$700,502	$639,399	$636,464	$61,103
2021	$740,353	$743,293	$593,926	$-2,940
2020	$702,136	$772,195	$742,954	$-70,059
2019	$878,116	$804,340	$940,410	$73,776

CLARKFIELD AREA CHARTER SCHOOL