THE EXPLORIS SCHOOL (EIN 262407296) - 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

1997

Legal Domicile

Principal Officer

JOSH CORBAT

Phone

9197153690

Tax Period

2022-07-01 to 2023-06-30

THE EXPLORIS SCHOOL, founded in 1997, is a community nonprofit in the Education sector that reported $5.4M in total revenue in fiscal year 2022. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $4.9M left a modest 8% surplus.

Mission

THE EXPLORIS SCHOOL IS A DIVERSE LEARNING COMMUNITY THAT ENGAGES STUDENTS IN A CHALLENGING, RELEVANT, RELATIONSHIP-BASED EDUCATION. THROUGH EXPERIENTIAL, PROJECT-BASED LEARNING, WE EMPOWER STUDENTS TO FOSTER A JUST AND SUSTAINABLE WORLD.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,087,660

Program Service Revenue $271,169

Investment Income $3,494

Other Revenue $2,465

TOTAL REVENUE $5,364,788

Expense Breakdown

Grants Paid $20,541

Salaries & Benefits $3,681,335

Fundraising Expenses $0

Program Expenses $4,480,651

Other Expenses $1,232,179

TOTAL EXPENSES $4,934,055

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,364,788	$10,914,316	-0.5%
Expenses	$4,934,055	$5,061,792	0.0%
Net Income	$430,733	$5,852,524	-0.9%

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

150

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

$271,614

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN DARROCH	CHAIR	2.00	Officer Director	$0	$0	$0
ERIC GRUNDEN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ED BUCHAN	SECRETARY	2.00	Officer Director	$0	$0	$0
ALANNAH RODRIGUEZ	TREASURER	2.00	Officer Director	$0	$0	$0
STACEY CAROTHERS	PTO REPRESENTATIVE	1.00	Director	$0	$0	$0
JERRY HWANG	BOARD MEMBER (07/22-11/22)	1.00	Director	$0	$0	$0
LEAH FRIEDMAN	BOARD MEMBER (07/22-11/22)	1.00	Director	$0	$0	$0
RYAN BOYCE	BOARD MEMBER	1.00	Director	$0	$0	$0
THEO KINGSBERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA DEATON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK TOWNLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH CORBAT	HEAD OF SCHOOL	40.00	Officer	$78,522	$9,462	$87,984
DEBORAH BROWN	DIRECTOR OF MIDDLE GRADES	40.00	Officer	$95,607	$6,577	$102,184
ETHAN BURTON	DIRECTOR OF ELEMENTARY GRADES	40.00	Officer	$72,044	$9,402	$81,446

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	No data	No data	No data	No data
2023	$5,364,788	$4,934,055	$8,495,401	$430,733
2022	$10,914,316	$5,061,792	$8,315,846	$5,852,524
2021	$4,523,904	$4,268,908	$2,172,223	$254,996
2020	$4,618,184	$4,048,549	$1,699,286	$569,635
2019	$4,294,640	$4,264,887	$1,066,653	$29,753
2018	$3,727,646	$4,096,557	$1,039,128	$-368,911

THE EXPLORIS SCHOOL