PEORIA CHARTER SCHOOL INITIATIVE C… - 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

GLEN ROSS

Phone

3094020030

Tax Period

2024-07-01 to 2025-06-30

PEORIA CHARTER SCHOOL INITIATIVE CO NFP, founded in 2009, is a micro nonprofit in the Education sector that reported $495 in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $807K exceeded revenue, resulting in a 162987% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE CHILDREN IN GRADES 5 THROUGH 12, A COLLEGE PREPARATORY EDUCATION FOCUSING ON MATH, SCIENCE, AND TECHNOLOGY.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $495

THE SCHOOL CLOSED AT END OF 6/30/2024 AND IS IN THE PROCESS OF SHUTTING DOWN THE ORGANIZATION.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $495

TOTAL REVENUE $495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $408,777

Fundraising Expenses $0

Other Expenses $398,506

TOTAL EXPENSES $807,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$495	$6,241,195	-1.0%
Expenses	$807,283	$7,999,293	-0.9%
Net Income	$-806,788	$-1,758,098	-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

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

$305,656

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN ROSS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JAN LEONARD	SECRETARY	2.00	Officer Director	$0	$0	$0
MICKEISHA ARMSTRONG	BOARD MEMBER	1.00	Director	$0	$0	$0
POLLY BARTON	BOARD MEMBER	0.50	Director	$0	$0	$0
TAUNYA JENKINS	CEO	50.00	Officer	$160,891	$49,425	$210,316
BAILEY CONROY	BUSINESS MANAGER	50.00	Officer	$79,252	$16,088	$95,340

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	$495	$807,283	$394,016	$-806,788
2024	$6,241,195	$7,999,293	$2,734,529	$-1,758,098
2023	$6,808,585	$7,985,942	$4,895,175	$-1,177,357
2022	$7,458,316	$7,688,721	$5,783,891	$-230,405
2021	$7,687,144	$7,337,069	$5,778,002	$350,075
2020	$7,069,566	$6,682,587	$5,315,511	$386,979
2019	$7,223,775	$6,408,271	$5,354,291	$815,504
2018	$12,408,584	$10,960,682	$4,213,441	$1,447,902

PEORIA CHARTER SCHOOL INITIATIVE CO NFP