ASPIRA OF DELAWARE CHARTER OPERATI… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

GREGORY PANCHISIN

Phone

3022921463

Tax Period

2024-07-01 to 2025-06-30

ASPIRA OF DELAWARE CHARTER OPERATIONS IN, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $32.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE LAS AMERICAS ASPIRA ACADEMY (LAAA) IS TO EDUCATE AND EMPOWER EACH STUDENT TO REALIZE THEIR FULL POTENTIAL AND POSITIVELY IMPACT THEIR COMMUNITIES. LAAA SERVES STUDENTS K-12. LOCATED IN NEW CASTLE COUNTY, THE SCHOOL SEEKS TO ACHIEVE A STUDENT BODY THAT IS 50% FIRST LANGUAGE SPANISH - ENGLISH LANGUAGE LEARNERS & 50% FIRST LANGUAGE ENGLISH - SPANISH LANGUAGE LEARNERS.

Program Service Accomplishments

Program 1

Expenses: $28,872,816 Revenue: $508,222

SCHOOL OPERATIONS - ASPIRA ACADEMY WELCOMES STUDENTS FROM DIVERSE ETHNIC, RACIAL, LANGUAGE (ENGLISH & SPANISH), AND SOCIO-ECONOMIC BACKGROUNDS. HALF OF THE ACADEMY'S STUDENTS ARE PRIMARILY...

SCHOOL OPERATIONS - ASPIRA ACADEMY WELCOMES STUDENTS FROM DIVERSE ETHNIC, RACIAL, LANGUAGE (ENGLISH & SPANISH), AND SOCIO-ECONOMIC BACKGROUNDS. HALF OF THE ACADEMY'S STUDENTS ARE PRIMARILY ENGLISH-SPEAKERS AND THE OTHER HALF ARE PRIMARILY SPANISH SPEAKERS.THE ACADEMY'S CURRICULUM IS RIGOROUS AND CHALLENGING. AT ASPIRA, THEY BELIEVE EVERY CHILD IS COLLEGE BOUND OR CAREER READY. ALL STUDENTS WILL BECOME BILINGUAL, BI-LITERATE AND BICULTURAL WITHIN SIX YEARS IN THE PROGRAM WHILE GAINING THE ACADEMIC, PHYSICAL, SOCIAL AND EMOTIONAL SKILLS TO SUCCEED IN SCHOOL AND IN LIFE.THE CURRICULUM IS ALIGNED WITH DELAWARE STANDARDS AND IS PROJECT-BASED, SO STUDENTS LEARN BY DOING.

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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 $30,277,906

Program Service Revenue $508,222

Investment Income $845,396

Other Revenue $1,219,631

TOTAL REVENUE $32,851,155

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,176,668

Fundraising Expenses $0

Program Expenses $28,872,816

Other Expenses $9,778,043

TOTAL EXPENSES $34,954,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,851,155	$29,629,847	+0.1%
Expenses	$34,954,711	$33,482,094	+0.0%
Net Income	$-2,103,556	$-3,852,247	-0.5%

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

N/A

Volunteers

962

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

$549,317

Total Directors

$108,099

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUILLERMINA GONZALEZ	CHAIRPERSON	20.00	Officer Director	$0	$0	$0
ANAS BEN ADDI	TREASURER	10.00	Officer Director	$0	$0	$0
ALBERTO E CHAVEZ	SECRETARY	10.00	Officer Director	$0	$0	$0
KEAIRA FANA-RUIZ	DIRECTOR (TEACHER REP)	40.00	Director	$65,078	$43,021	$108,099
JEFF LAWRENCE	DIRECTOR	4.00	Director	$0	$0	$0
ROBERT REDDEN-HUFF	DIRECTOR	4.00	Director	$0	$0	$0
PEDRO VIERA	DIRECTOR	4.00	Director	$0	$0	$0
ELIZABETH DIAZ	VICE CHAIR	10.00	Officer Director	$0	$0	$0
CARLOS DIPRES	DIRECTOR	4.00	Director	$0	$0	$0
RUTH MIRANDA	DIRECTOR	4.00	Director	$0	$0	$0
MUNAZAH ASHRAF	DIRECTOR (PARENT REP)	4.00	Director	$0	$0	$0
MARIA JULIETA CASANOVA	DIRECTOR	4.00	Director	$0	$0	$0
MONICA CURREY EDD	DIRECTOR	4.00	Director	$0	$0	$0
GREG PANCHISIN	CHIEF OPERATING OFFICER	60.00	Officer	$157,783	$37,201	$194,984
MARGIE LOPEZ-WAITE	CHIEF EXECUTIVE OFFICER	60.00	Officer	$160,297	$37,782	$198,079
DEYANNA YANCEY-HARRIS	CHIEF MISSION OFFICER	60.00	Officer	$104,042	$52,212	$156,254
JOSE AVILES	DIRECTOR (HOS - K8)	60.00	Highest	$138,307	$61,484	$199,791
DEBBIE PANCHISIN	DIRECTOR (HOS - HS)	60.00	Highest	$140,615	$59,411	$200,026

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	$32,851,155	$34,954,711	$72,097,685	$-2,103,556
2024	$29,629,847	$33,482,094	$71,027,393	$-3,852,247
2023	$25,254,597	$28,208,994	$68,601,723	$-2,954,397
2022	$23,338,468	$24,218,524	$68,995,605	$-880,056
2021	$18,734,109	$20,652,751	$42,729,843	$-1,918,642
2020	$15,804,379	$17,426,276	$36,868,314	$-1,621,897
2019	$12,606,094	$15,328,357	$31,011,438	$-2,722,263
2018	$11,357,840	$12,508,245	$28,436,706	$-1,150,405

ASPIRA OF DELAWARE CHARTER OPERATIONS IN