GEORGIA CHARTER EDUCATION FOUNDATION (EIN 270453195) - 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

Tax Period

2023-07-01 to 2024-06-30

GEORGIA CHARTER EDUCATION FOUNDATION, founded in 2009, is a community nonprofit in the Education sector that reported $10.0M in total revenue in fiscal year 2023. Expenses of $11.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE SCHOOL IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF GEORGIA THAT ARE COMMITED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE STUDENTS AND FAMILIES OF GEORGIA. THE FOUNDATION STRIVED TO PROVIDE A PREMIER ACADEMIC SCHOOL OPTIONS FOR STUDENTS.

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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 $9,301,827

Program Service Revenue $232,867

Investment Income $113,994

Other Revenue $316,165

TOTAL REVENUE $9,964,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,877,477

Other Expenses $11,290,366

TOTAL EXPENSES $11,290,366

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,964,853	$9,812,694	+0.0%
Expenses	$11,290,366	$10,391,637	+0.1%
Net Income	$-1,325,513	$-578,943	+1.3%

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

137

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JENNIFER HUGHEY	DIRECTOR	Director	$0	$0	$0
JOSH LE	MEMBER	Director	$0	$0	$0
DANNY NUNGESSER	CHAIR	Officer Director	$0	$0	$0
BETH DUNCAN	VICE-CHAIR	Officer Director	$0	$0	$0
ANGELA LASSETTER	SUPERINTENDENT	Officer	$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	No data	No data	No data	No data
2024	$9,964,853	$11,290,366	$17,402,011	$-1,325,513
2023	$9,812,694	$10,391,637	$16,578,677	$-578,943
2022	$9,414,709	$9,033,081	$14,554,068	$381,628
2021	$8,714,862	$8,744,491	$13,761,440	$-29,629
2020	$8,054,355	$8,563,759	$13,445,484	$-509,404
2019	$7,182,423	$7,752,041	$13,580,647	$-569,618
2018	$6,340,185	$7,044,250	$12,933,616	$-704,065

GEORGIA CHARTER EDUCATION FOUNDATION