KIPP BAY AREA SCHOOLS (EIN 205010766) - 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

2006

Legal Domicile

Principal Officer

BETH SUTKUS-THOMPSON

Phone

5104655477

Tax Period

2024-07-01 to 2025-06-30

KIPP BAY AREA SCHOOLS, founded in 2006, is a major nonprofit in the Education sector that reported $168.8M in total revenue in fiscal year 2024. Expenses of $162.0M left a modest 4% surplus.

Mission

KIPP BAY AREA SCOOLS PREPARES STUDENTS WITH SKILLS AND CONFIDENCE FOR THIER FUTURE.

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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 $163,171,168

Program Service Revenue $0

Investment Income $4,678,647

Other Revenue $912,779

TOTAL REVENUE $168,762,594

Expense Breakdown

Grants Paid $12,974

Salaries & Benefits $107,089,547

Fundraising Expenses $1,528,906

Program Expenses $124,997,442

Other Expenses $54,881,156

TOTAL EXPENSES $161,983,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$168,762,594	$156,856,513	+0.1%
Expenses	$161,983,677	$148,101,414	+0.1%
Net Income	$6,778,917	$8,755,099	-0.2%

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

1310

Volunteers

121

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

$769,640

Total Directors

Key Employees

$924,783

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABE FRIEDMAN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JENNY RISK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL COHEN	DIRECTOR	2.00	Director	$0	$0	$0
CARETHA COLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
D'LONRA ELLIS	DIRECTOR	2.00	Director	$0	$0	$0
LAURA FISHER	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA GARCIA-KOHL	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER GARDLEY	DIRECTOR	2.00	Director	$0	$0	$0
GUSTAVO GONZALES	DIRECTOR	2.00	Director	$0	$0	$0
RON GONZALES	DIRECTOR	2.00	Director	$0	$0	$0
BLAKE GROSSMAN	DIRECTOR	2.00	Director	$0	$0	$0
BOB GUTIERREZ	DIRECTOR	2.00	Director	$0	$0	$0
AUBREY MERRIMAN	DIRECTOR	2.00	Director	$0	$0	$0
KARLA MONDRAGON	DIRECTOR	2.00	Director	$0	$0	$0
EMILY RUMMO	DIRECTOR	2.00	Director	$0	$0	$0
OCTAVIO SANDOVAL	DIRECTOR	2.00	Director	$0	$0	$0
ARRYONNA SANTOS	DIRECTOR	2.00	Director	$0	$0	$0
SOHI SOHN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID STINFIL	DIRECTOR	2.00	Director	$0	$0	$0
SANDRA THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH THOMPSON	CHIEF EXECUTIVE OFFICER	40.00	Officer	$331,929	$22,125	$354,054
CORY VASTOLA	CHIEF FINANCIAL OFFICER	40.00	Officer	$232,608	$23,000	$255,608
FRANK WU	MG. DIR. OF FINANCE & ACCOUNTING	40.00	Officer	$136,978	$23,000	$159,978
JENNY TAN	CHIEF OF SCHOOLS	40.00	Key Emp	$247,692	$23,000	$270,692
JORGE MIRANDA	CHIEF OF SCHOOLS	40.00	Key Emp	$222,952	$22,295	$245,247
HILARY HARMSSEN	CHIEF OF GROWTH	40.00	Key Emp	$220,527	$16,527	$237,054
SAVINA WOODYARD	CHIEF EQUITY & STRATEGY OFFICER	40.00	Key Emp	$171,790	$0	$171,790
AUTUMN ZANGRILLI	DEPUTY CHIEF OF SCHOOLS	40.00	Highest	$140,289	$26,780	$167,069
AMANDA GONZALEZ	MANAGING DIRECTOR OF DATA & TECH	40.00	Highest	$169,419	$21,799	$191,218
ADAM KAYE	DIRECTOR OF REAL ESTATE	40.00	Highest	$162,934	$29,993	$192,927
LARA KNIGHT WHEATLEY	MANAGING DIRECTOR OF SCHOOLS	40.00	Highest	$158,933	$26,585	$185,518
LESLIE BILLIE	CHIEF OPERATING OFFICER	40.00	Highest	$167,663	$18,749	$186,412

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	$168,762,594	$161,983,677	$311,367,168	$6,778,917
2024	$156,856,513	$148,101,414	$304,784,274	$8,755,099
2023	$132,070,817	$134,799,653	$314,735,721	$-2,728,836
2022	$135,604,924	$110,609,216	$198,161,708	$24,995,708
2021	$112,257,587	$97,365,999	$172,487,625	$14,891,588
2020	$100,462,974	$89,250,728	$155,644,498	$11,212,246
2019	$92,911,840	$81,273,436	$143,227,207	$11,638,404
2018	$76,725,731	$68,919,180	$129,208,820	$7,806,551

KIPP BAY AREA SCHOOLS