REAL JOURNEY ACADEMIES

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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

Principal Officer

ALEX LUCERO

Phone

9098888458

Tax Period

2024-07-01 to 2025-06-30

REAL JOURNEY ACADEMIES, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $63.3M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $54.5M left a modest 14% surplus.

Mission

NEW VISION MIDDLE SCHOOL IS A CALIFORNIA PUBLIC CHARTER SCHOOL OPERATED BY REAL JOURNEY ACADEMIES INC. THE CHARTER WAS AUTHORIZED BY THE SAN BERNARDINO CHITY UNIFIED SCHOOL DISTRICT AND NUVIEW UNION SCHOOL DISTRICT TO ENRICH THE LIVES OF STUDENTS THROUGH INDIVIDUALIZED LEARNING FOCUSED ON CHALLENGING EDUCATIONAL STANDARDS WHILE SUPPORTING PARENTAL CHOICE.

Program Service Accomplishments

Program 1

Expenses: $32,679,934

FOUR CHARTER SCHOOLS THROUGH OUT SAN BERNARDINO AND RIVERSIDE COUNTIES, NEW VISION MIDDLE SCHOOL, SERVING 420 STUDENTS IN GRADES SIX THOURHG EIGHT. IEMPIRE ACADEMY, SERVING 405 STUDENTS IN GRADES...

FOUR CHARTER SCHOOLS THROUGH OUT SAN BERNARDINO AND RIVERSIDE COUNTIES, NEW VISION MIDDLE SCHOOL, SERVING 420 STUDENTS IN GRADES SIX THOURHG EIGHT. IEMPIRE ACADEMY, SERVING 405 STUDENTS IN GRADES TRANSITIONAL KINDERGARTEN THROUGH FIVE. THE JOURNEY SCHOOL SERVING 540 STUDENTS IN GRADES TRANSITIONAL KINDERGARDEN THROUGH SIX. ENTREPRENEUR HIGH SCHOOL, SERVING 540 STUDENTS IN GRADES NINE THROUGH TWELVE.

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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 $60,100,626

Program Service Revenue $0

Investment Income $874,749

Other Revenue $2,325,449

TOTAL REVENUE $63,300,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,091,007

Fundraising Expenses $28,719

Program Expenses $32,679,934

Other Expenses $24,370,634

TOTAL EXPENSES $54,461,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,300,824	$50,357,586	+0.3%
Expenses	$54,461,641	$54,450,279	+0.0%
Net Income	$8,839,183	$-4,092,693	-3.2%

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

438

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

$539,591

Total Directors

$357,589

Key Employees

$215,084

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX LUCERO	CHIEF EXEC O	40.00	Officer Director	$290,115	$67,474	$357,589
RANDEL JOSSERAND	CHIEF ACADEM	40.00	Highest	$224,734	$58,880	$283,614
ROSE BOMENTRE	SUPERINTENDE	40.00	Highest	$226,898	$25,262	$252,160
JAIME SERRANO	CIO	40.00	Highest	$182,933	$40,467	$223,400
JASON ROBERTS	CHIEF OF STA	40.00	Key Emp	$192,334	$22,750	$215,084
RAY CULBERSON	CHIEF IMPACT	40.00	Highest	$166,611	$26,480	$193,091
ALAN DARBY	CFO	40.00	Officer	$180,671	$1,331	$182,002
JOSEPH CHAVEZ	MEMBER	2.00	Director	$0	$0	$0
JAVIER HERNANDEZ	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DIANA RODRIGUEZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
JACK RUEBENSAAL	SECRETARY	2.00	Officer Director	$0	$0	$0
ANNE VIRICEL	MEMBER	2.00	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	$63,300,824	$54,461,641	$133,797,409	$8,839,183
2024	$50,357,586	$54,450,279	$109,618,298	$-4,092,693
2023	$53,396,398	$40,747,827	$130,574,487	$12,648,571
2022	$40,040,977	$35,970,179	$28,452,679	$4,070,798
2021	$29,808,623	$23,633,865	$28,072,975	$6,174,758
2020	$24,864,084	$22,096,416	$10,237,048	$2,767,668
2019	$21,185,426	$22,899,330	$6,536,919	$-1,713,904
2018	$13,843,340	$12,909,885	$6,643,255	$933,455