CITY OF PALMS CHARTER HIGH SCHOOL … - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

INKE SCHIRRMACHER

Phone

2395616611

Tax Period

2024-07-01 to 2025-06-30

CITY OF PALMS CHARTER HIGH SCHOOL INC, founded in 2006, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $4.8M left a modest 5% surplus.

Mission

THE PURPOSE OF THE SCHOOL IS TO ESTABLISH, PROVIDE, PROMOTE, SUPERVISE, OWN AND CONDUCT A SCHOOL FOR THE EDUCATION OF PERSONS AT RISK OF DROPPING OUT OF HIGH SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $4,193,806 Revenue: $4,346,713

THE SCHOOL PROVIDES AN ALTERNATIVE HIGH SCHOOL EDUCATION TO STUDENTS BETWEEN THE AGES OF 16 AND 22 WHO HAVE DROPPED OUT OF OR ARE AT RISK OF DROPPING OUT OF A TRADITIONAL HIGH SCHOOL. THE SCHOOL...

THE SCHOOL PROVIDES AN ALTERNATIVE HIGH SCHOOL EDUCATION TO STUDENTS BETWEEN THE AGES OF 16 AND 22 WHO HAVE DROPPED OUT OF OR ARE AT RISK OF DROPPING OUT OF A TRADITIONAL HIGH SCHOOL. THE SCHOOL PROVIDES STUDENTS A COMPREHENSIVE EDUCATION IN LIFE SKILLS, WORK TRAINING AND EMPLOYMENT.

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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 $705,756

Program Service Revenue $4,346,713

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,052,469

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,219,492

Fundraising Expenses $0

Program Expenses $4,193,806

Other Expenses $2,561,105

TOTAL EXPENSES $4,780,597

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,052,469	$4,615,897	+0.1%
Expenses	$4,780,597	$4,313,645	+0.1%
Net Income	$271,872	$302,252	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AVIS DANIELL	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
BARRY GOLDBERG	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
INKE SCHIRRMACHER	PRESIDENT	N/A	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	$5,052,469	$4,780,597	$4,785,170	$271,872
2024	No data	No data	No data	No data
2023	$4,586,187	$4,209,875	$2,549,885	$376,312
2022	$4,002,277	$3,729,443	$2,132,093	$272,834
2021	$4,016,997	$3,707,629	$1,886,167	$309,368
2020	$3,513,690	$3,799,254	$1,824,002	$-285,564
2019	$3,747,931	$4,080,049	$1,556,842	$-332,118
2018	$4,450,378	$3,820,737	$1,689,077	$629,641

CITY OF PALMS CHARTER HIGH SCHOOL INC