GALAPAGOS ROCKFORD CHARTER SCHOOL … - 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

2009

Legal Domicile

Principal Officer

MICHAEL LANE

Phone

8157087946

Tax Period

2024-07-01 to 2025-06-30

GALAPAGOS ROCKFORD CHARTER SCHOOL NFP INC, founded in 2009, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

PROVIDING UNDERSERVED CHILDREN WITH EDUCATION AND SKILLS TO DEVELOP CORE KNOWLEDGE AND HIGHER ORDER THINKING.

Program Service Accomplishments

Program 1

Expenses: $5,970,107 Revenue: $94,677

VARIOUS SERVICES SUPPORTING THE INSTRUCTION OF SCHOLARS.

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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 $6,445,091

Program Service Revenue $94,677

Investment Income $265,479

Other Revenue $0

TOTAL REVENUE $6,805,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,957,754

Fundraising Expenses $0

Program Expenses $5,970,107

Other Expenses $2,980,897

TOTAL EXPENSES $6,938,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,805,247	$7,382,043	-0.1%
Expenses	$6,938,651	$6,292,018	+0.1%
Net Income	$-133,404	$1,090,025	-1.1%

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

$307,471

Total Directors

$167,546

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LANE	CEO	40.00	Officer Director	$167,546	$0	$167,546
STEPHANIE BOEDDEKER	CHIEF ACADEM	40.00	Officer	$139,925	$0	$139,925
JOSHUA BINNING	BOARD MEMBER	N/A	Director	$0	$0	$0
JAVIER CRUZ	BOARD MEMBER	N/A	Director	$0	$0	$0
DR JON LIPPITZ	BOARD MEMBER	N/A	Director	$0	$0	$0
PATRICK LOVE	BOARD MEMBER	N/A	Director	$0	$0	$0
JOSHUA MATTHEWS	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVID TABER	PRESIDENT	N/A	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	$6,805,247	$6,938,651	$8,953,266	$-133,404
2024	$7,382,043	$6,292,018	$9,230,554	$1,090,025
2023	$6,553,542	$6,101,916	$8,194,905	$451,626
2022	$6,282,246	$5,186,057	$7,843,216	$1,096,189
2021	$5,915,456	$4,151,195	$7,353,854	$1,764,261
2020	$4,497,450	$4,137,936	$5,766,754	$359,514
2019	$3,824,450	$3,856,053	$4,797,955	$-31,603
2018	$4,121,618	$3,836,784	$5,038,606	$284,834

GALAPAGOS ROCKFORD CHARTER SCHOOL NFP INC