CALIFORNIA VIRTUAL ACADEMY AT MARICOPA (EIN 223871535) - 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

2002

Legal Domicile

Principal Officer

KELLY FELLOWS

Phone

8055810202

Tax Period

2023-07-01 to 2024-06-30

CALIFORNIA VIRTUAL ACADEMY AT MARICOPA, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $19.9M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE TUITION-FREE VIRTUAL EDUCATION THROUGH TECHNOLOGY.

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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 $19,891,990

Program Service Revenue $0

Investment Income $0

Other Revenue $47,241

TOTAL REVENUE $19,939,231

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,541,415

Fundraising Expenses $0

Program Expenses $16,088,242

Other Expenses $9,943,622

TOTAL EXPENSES $19,485,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,939,231	$16,898,819	+0.2%
Expenses	$19,485,037	$16,477,415	+0.2%
Net Income	$454,194	$421,404	+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

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
KELLY FELLOWS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DEVON FREITAS	SECRETARY	1.00	Officer Director	$0	$0	$0
CARLY PARKER AS OF 122023	BOARD MEMBER (PARENT)	1.00	Director	$0	$0	$0
MALCOM JONES UNTIL 122023	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2024	$19,939,231	$19,485,037	$7,993,724	$454,194
2023	$16,898,819	$16,477,415	$6,878,545	$421,404
2022	$12,454,345	$12,080,529	$3,826,311	$373,816
2021	$7,135,209	$7,135,209	$5,594,266	No data
2020	$6,731,886	$6,731,886	$2,669,034	No data
2019	$6,442,118	$6,442,118	$2,618,013	No data
2018	$15,386,290	$15,386,290	$3,993,850	No data

CALIFORNIA VIRTUAL ACADEMY AT MARICOPA