PEORIA CHARTER SCHOOL INITIATIVE CO NFP (EIN 270681058) - 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

GLEN ROSS

Phone

3094020030

Tax Period

2023-07-01 to 2024-06-30

PEORIA CHARTER SCHOOL INITIATIVE CO NFP, founded in 2009, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $8.0M exceeded revenue, resulting in a 28% 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.

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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 $152,104

Program Service Revenue $6,051,550

Investment Income $574

Other Revenue $36,967

TOTAL REVENUE $6,241,195

Expense Breakdown

Grants Paid $2,970

Salaries & Benefits $5,649,087

Fundraising Expenses $0

Program Expenses $5,893,944

Other Expenses $2,347,236

TOTAL EXPENSES $7,999,293

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,241,195	$6,808,585	-0.1%
Expenses	$7,999,293	$7,985,942	+0.0%
Net Income	$-1,758,098	$-1,177,357	+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

$470,629

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
PREETI SARIN	BOARD MEMBER	0.50	Director	$0	$0	$0
VICTORIA AYIKU	BOARD MEMBER	0.50	Director	$0	$0	$0
FRANCINE MARTIN	BOARD MEMBER	0.50	Director	$0	$0	$0
DR JOHN F GILLIGAN	FINANCE CHAIR (THRU 12/23)	0.75	Officer Director	$0	$0	$0
DR KARIN VELPULA	BOARD MEMBER (THRU 12/23)	0.50	Director	$0	$0	$0
DEBORAH LAHOOD	BUSINESS MANAGER	50.00	Officer	$140,074	$21,629	$161,703
DR TAUNYA JENKINS	EXECUTIVE DIRECTOR	50.00	Officer	$278,946	$29,980	$308,926
ROBYN MCCRACKEN	PRINCIPAL - HIGH SCHOOL	50.00	Highest	$117,620	$18,040	$135,660
ROBERT DOWNEY	DIRECTOR OF TECHNOLOGY	50.00	Highest	$107,881	$32,169	$140,050
MICHELLE CRUZ	PRINCIPAL - MIDDLE SCHOOL	50.00	Highest	$114,783	$33,361	$148,144

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
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