THORNWELL CHARTER SCHOOL (EIN 204272566) - 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

2010

Legal Domicile

Principal Officer

AARON DOVER

Phone

8649382794

Tax Period

2023-07-01 to 2024-06-30

THORNWELL CHARTER SCHOOL, founded in 2010, is a community nonprofit in the Education sector that reported $5.6M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $5.0M left a modest 10% surplus.

Mission

A PUBLIC CHARTER SCHOOL PROVIDING EDUCATION TO KINDERGARTEN THROUGH GRADE 10 STUDENTS.

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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 $5,516,622

Program Service Revenue $91,878

Investment Income $188

Other Revenue $0

TOTAL REVENUE $5,608,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,019,312

Fundraising Expenses $0

Program Expenses $4,309,769

Other Expenses $2,017,494

TOTAL EXPENSES $5,036,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,608,688	$4,386,310	+0.3%
Expenses	$5,036,806	$4,080,972	+0.2%
Net Income	$571,882	$305,338	+0.9%

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
KEITH BRIDGES	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JOHN FARMER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TEA MADDEN	SECRETARY	2.00	Officer Director	$0	$0	$0
DEON SPEAKS	BOARD MEMBER	2.00	Director	$0	$0	$0
KEN HEYWALD	BOARD MEMBER	2.00	Director	$0	$0	$0
MANDY HOCKER	BOARD MEMBER	2.00	Director	$0	$0	$0
ADAM HAFENBRIDLE	BOARD MEMBER	2.00	Director	$0	$0	$0
JEN PARTEE	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES TAYLOR	BOARD MEMBER	2.00	Director	$0	$0	$0
AARON DOVER	TREASURER	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	No data	No data	No data	No data
2024	$5,608,688	$5,036,806	$2,921,397	$571,882
2023	$4,386,310	$4,080,972	$2,031,514	$305,338
2022	$3,186,841	$2,869,772	$1,449,876	$317,069
2021	$3,147,979	$2,742,067	$977,194	$405,912
2020	$2,250,798	$1,835,346	$664,357	$415,452
2019	$208,951	$223,018	$40,222	$-14,067

THORNWELL CHARTER SCHOOL