ROCKETSHIP EDUCATION (EIN 204040597) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

BENJAMIN CARSON

Phone

8778060920

Tax Period

2024-07-01 to 2025-06-30

ROCKETSHIP EDUCATION, founded in 2006, is a major nonprofit in the Education sector that reported $178.1M in total revenue in fiscal year 2024.

Mission

ROCKETSHIP EDUCATION IS A NATIONAL NON-PROFIT NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS SERVING LOW-INCOME COMMUNITIES WITH LIMITED ACCESS TO EXCELLENT SCHOOLS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $169,609,170

Program Service Revenue $0

Investment Income $2,537,397

Other Revenue $5,958,469

TOTAL REVENUE $178,105,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,172,607

Fundraising Expenses $513,883

Program Expenses $149,056,290

Other Expenses $73,887,958

TOTAL EXPENSES $176,060,565

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,105,036	$187,005,475	0.0%
Expenses	$176,060,565	$171,816,807	+0.0%
Net Income	$2,044,471	$15,188,668	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1396

Volunteers

350

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

$665,918

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRESTON SMITH	CEO	40.00	Officer	$317,893	$59,582	$377,475
LAMAR WADE	CHIEF PEOPLE OFFICER	40.00	Highest	$313,116	$31,415	$344,531
MARICELA GUERRERO	EXECUTIVE DIRECTOR, CALIFO	40.00	Highest	$225,536	$84,331	$309,867
MARIA HEREDIA	CHIEF LEGAL OFFICER	40.00	Highest	$274,824	$30,450	$305,274
BENJAMIN CARSON	CFO	40.00	Officer	$273,284	$15,159	$288,443
CHRISTOPHER MURPHY	CHIEF COMMUNICATIONS OFFIC	40.00	Highest	$230,575	$45,871	$276,446
KERRY FLANAGAN	NATIONAL CHIEF OF STAFF	40.00	Highest	$249,124	$0	$249,124
LOUIS JORDAN	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
GREG STANGER	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
ALEX TERMAN	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
DR RAYMOND RAVEN	DIRECTOR	2.00	Director	$0	$0	$0
JOLENE SLOTER	DIRECTOR	2.00	Director	$0	$0	$0
CHARMAINE DETWEILER	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH MCGRIFF	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL FOX	DIRECTOR	2.00	Director	$0	$0	$0
DR DANIEL VELASCO	DIRECTOR	2.00	Director	$0	$0	$0
YOLANDA BERNAL SAMANO	DIRECTOR	2.00	Director	$0	$0	$0
MALKA BORREGO	DIRECTOR	2.00	Director	$0	$0	$0
JULIE MILLER	DIRECTOR	2.00	Director	$0	$0	$0
HUGO CASTANEDA	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE MERCADO	DIRECTOR	2.00	Director	$0	$0	$0
RAJEN SHETH	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL SANCHEZ	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN KILB	DIRECTOR	2.00	Director	$0	$0	$0
APRIL TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
JUNE NWABARA	DIRECTOR	2.00	Director	$0	$0	$0
DEJA GIPSON	DIRECTOR	2.00	Director	$0	$0	$0
TAMARA PETERSON	DIRECTOR	2.00	Director	$0	$0	$0
DERWIN SISNETT	DIRECTOR	2.00	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	$178,105,036	$176,060,565	$255,253,955	$2,044,471
2024	$187,005,475	$171,816,807	$271,375,549	$15,188,668
2023	$173,897,710	$158,613,754	$251,235,558	$15,283,956
2022	$138,926,108	$136,945,189	$74,996,773	$1,980,919
2021	$120,667,231	$108,334,421	$74,871,482	$12,332,810
2020	$111,342,099	$107,974,937	$56,664,135	$3,367,162
2019	$109,048,247	$102,701,005	$51,425,468	$6,347,242
2018	$98,757,579	$94,370,438	$43,045,014	$4,387,141

ROCKETSHIP EDUCATION