PAVE ACADEMY CHARTER SCHOOL (EIN 262272858) - 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

2008

Legal Domicile

Principal Officer

MARSHA GADSDEN

Phone

7188587813

Tax Period

2023-07-01 to 2024-06-30

PAVE ACADEMY CHARTER SCHOOL, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $12.0M in total revenue in fiscal year 2023.

Mission

TO PREPARE STUDENTS TO THRIVE IN COMPETITIVE HIGH SCHOOLS AND FOUR YEAR COLLEGES.

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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 $2,216,744

Program Service Revenue $9,487,588

Investment Income $277,570

Other Revenue $14

TOTAL REVENUE $11,981,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,236,143

Fundraising Expenses $0

Program Expenses $10,266,901

Other Expenses $3,427,491

TOTAL EXPENSES $11,663,634

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,981,916	$12,189,599	0.0%
Expenses	$11,663,634	$11,338,392	+0.0%
Net Income	$318,282	$851,207	-0.6%

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

119

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

$471,079

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELDRIDGE GILBERT	CHAIR	1.00	Officer Director	$0	$0	$0
MELANIE DUKES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALLIE SWEENEY	TREASURER	1.00	Officer Director	$0	$0	$0
COLEMAN KENNEDY	TRUSTEE THRU 03/2024	1.00	Director	$0	$0	$0
SANIA KHAN	TRUSTEE	1.00	Director	$0	$0	$0
SOPHIE LIPPINCOTT FERRER	TRUSTEE	1.00	Director	$0	$0	$0
KIM LUMPKIN	TRUSTEE	1.00	Director	$0	$0	$0
TYLER PRIDE	TRUSTEE	1.00	Director	$0	$0	$0
SPENCER ROBERTSON	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA TORRES	TRUSTEE	1.00	Director	$0	$0	$0
MARSHA GADSDEN	EXECUTIVE DIRECTOR	45.00	Officer	$218,675	$6,971	$225,646
BRENDA SMITH	MS PRINCIPAL	45.00	Officer	$70,632	$7,027	$77,659
MICHELLE COOK	ELEMENTARY SCHOOL PRINCIPAL	45.00	Officer	$141,899	$25,875	$167,774
DARREN HORN	DIRECTOR OF STEM	45.00	Highest	$135,308	$31,444	$166,752
MARGARET BROWN	DIRECTOR OF OPERATIONS	45.00	Highest	$122,068	$14,514	$136,582
DESPINA TSAFOS	INTERVENTION SPECIALIST	45.00	Highest	$118,817	$16,873	$135,690
DORIS GALARZA	TEACHER	45.00	Highest	$114,835	$14,493	$129,328
MARGARET HUNT	DIRECTOR OF STUDENT SERVICES K-8	45.00	Highest	$107,417	$30,777	$138,194

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	$11,981,916	$11,663,634	$9,853,151	$318,282
2023	$12,189,599	$11,338,392	$9,526,328	$851,207
2022	$11,963,319	$10,138,483	$8,621,008	$1,824,836
2021	$11,982,320	$9,435,062	$6,729,514	$2,547,258
2020	$10,563,483	$9,305,646	$5,733,218	$1,257,837
2019	$9,618,377	$8,980,636	$3,175,660	$637,741
2018	$8,916,141	$8,752,861	$2,642,952	$163,280

PAVE ACADEMY CHARTER SCHOOL