PATAULA CHARTER ACADEMY (EIN 264686308) - 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

2009

Legal Domicile

Principal Officer

CHERYL WEATHERSBY

Phone

2293544001

Tax Period

2023-07-01 to 2024-06-30

PATAULA CHARTER ACADEMY, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $17.2M in total revenue in fiscal year 2023. Expenses of $19.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO CREATE A LEARNING EXPERIENCE WITHIN A POSITIVE, NURTURING ENVIRONMENT THAT PROMOTES ACADEMIC EXCELLENCE, FOSTERS CREATIVITY, INSTILLS LEADERSHIP SKILLS AND PREPARES STUDENTS FOR SUCCESS, BOTH IN THE CLASSROOM AND BEYOND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,185,465

Investment Income $44,618

Other Revenue $0

TOTAL REVENUE $17,230,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,824,588

Fundraising Expenses $0

Program Expenses $16,935,623

Other Expenses $5,523,433

TOTAL EXPENSES $19,348,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,230,083	$16,743,693	+0.0%
Expenses	$19,348,021	$16,887,464	+0.1%
Net Income	$-2,117,938	$-143,771	+13.7%

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

223

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLIE HOLLEY	SUPERINTENDE	40.00	Highest	$168,941	$0	$168,941
CHERYL WEATHERSBY	CFO	40.00	Highest	$138,092	$0	$138,092
LINDSEY HIXON	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
GRAYSON FLOWERS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RHONDA COLLINS	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER SANDERS	SECRETARY	2.00	Officer Director	$0	$0	$0
RONNIE LANE	BOARD MEMBER	1.00	Director	$0	$0	$0
KAKEYA GILBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA AUSTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE EARP	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINA BOYD	PRINCIPAL-PC	40.00	Highest	$104,719	$0	$104,719
HEATHER WORSLEY	PRINCIPAL-SC	40.00	Highest	$100,022	$0	$100,022

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
2024	$17,230,083	$19,348,021	$40,990,073	$-2,117,938
2023	$16,743,693	$16,887,464	$43,214,361	$-143,771
2022	$16,224,565	$13,577,919	$39,539,155	$2,646,646
2021	$14,699,291	$12,525,431	$32,372,741	$2,173,860
2020	$11,923,320	$11,164,443	$25,779,863	$758,877
2019	$7,121,145	$6,650,069	$21,670,611	$471,076
2018	$6,137,170	$6,483,655	$20,026,628	$-346,485

PATAULA CHARTER ACADEMY