ARISE SCHOOLS (EIN 263240588) - 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

MIKE WALLACE

Phone

5044000614

Tax Period

2022-07-01 to 2023-06-30

ARISE SCHOOLS, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $11.2M in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. Expenses of $10.7M left a modest 4% surplus.

Mission

TO IMPLEMENT AND OPERATE ONE OR MORE PUBLIC CHARTER SCHOOLS IN LOUISIANA.

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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 $11,229,064

Program Service Revenue $0

Investment Income $-310,006

Other Revenue $253,103

TOTAL REVENUE $11,172,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,548,254

Fundraising Expenses $0

Program Expenses $7,733,845

Other Expenses $4,179,298

TOTAL EXPENSES $10,727,552

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,172,161	$13,569,711	-0.2%
Expenses	$10,727,552	$14,125,605	-0.2%
Net Income	$444,609	$-555,894	-1.8%

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

$194,559

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK ANDERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
NICK TRINGALI	BOARD VICE CHAIRMAN/ACADEM	1.00	Officer Director	$0	$0	$0
JARRED JUPITER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL WALLACE	BOARD CHAIRMAN/FINANCE CHA	1.00	Officer Director	$0	$0	$0
MICHAEL KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
APRIL DAVENPORT	GOVERNANCE CHAIR/BOARD MEM	1.00	Director	$0	$0	$0
JOLENE GALPIN	EXEC. DIRECTOR MILDRED OSB	45.00	Officer	$174,667	$19,892	$194,559

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
2023	$11,172,161	$10,727,552	$4,430,074	$444,609
2022	$13,569,711	$14,125,605	$5,233,636	$-555,894
2021	$13,860,913	$12,697,746	$3,784,290	$1,163,167
2020	$14,279,285	$13,973,389	$3,644,909	$305,896
2019	$13,435,274	$13,308,138	$1,891,514	$127,136
2018	$12,868,644	$13,432,476	$2,020,109	$-563,832

ARISE SCHOOLS