Spectrum Charter School Inc (EIN 251838579) - 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

1999

Legal Domicile

Principal Officer

Dr Matthew Erickson

Phone

4123748130

Tax Period

2024-07-01 to 2025-06-30

Spectrum Charter School Inc, founded in 1999, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $697K, a strong 26% operating margin.

Mission

Charter School- Our mission is to provide a life changing enviroment where students and their families feel safe, comfortable, and achieve their highest potential. We envision every child being educated, with skills

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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 $229,326

Program Service Revenue $2,376,218

Investment Income $61,753

Other Revenue $0

TOTAL REVENUE $2,667,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,287,194

Fundraising Expenses $0

Program Expenses $1,763,873

Other Expenses $683,474

TOTAL EXPENSES $1,970,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,667,297	$2,140,824	+0.2%
Expenses	$1,970,668	$1,730,609	+0.1%
Net Income	$696,629	$410,215	+0.7%

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
Barbara Bain	Member	2.00	Officer Director	$0	$0	$0
Dorice Tharp	Secretary	2.00	Officer Director	$0	$0	$0
Ellen Szczerba	President	2.00	Officer Director	$0	$0	$0
Michele Gutman	Vice President	2.00	Officer Director	$0	$0	$0
Arleen Wheat-left June 2025	Member	2.00	Director	$0	$0	$0
Tammy Goda	Treasurer	2.00	Director	$0	$0	$0
Lisa Quigley-joined Oct 2024	Member	2.00	Director	$0	$0	$0
Virginia Weber- joined Oct 2024	Member	2.00	Director	$0	$0	$0
Jonathan Duvall	Member	2.00	Director	$0	$0	$0
Dr Matthew Erickson	Chief Executive Officer	40.00	Officer	$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	$2,667,297	$1,970,668	$2,813,249	$696,629
2024	$2,140,824	$1,730,609	$2,184,416	$410,215
2023	$1,871,369	$1,479,462	$1,734,389	$391,907
2022	$1,487,281	$1,138,764	$1,452,675	$348,517
2021	$1,382,588	$1,183,219	$1,336,305	$199,369

Spectrum Charter School Inc