COMPASS ACADEMY CHARTER SCHOOL INC

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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

2010

Legal Domicile

Principal Officer

KATHY KILLINGSWORTH

Phone

4322721836

Tax Period

2024-07-01 to 2025-06-30

COMPASS ACADEMY CHARTER SCHOOL INC, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $17.7M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $17.1M left a modest 3% surplus.

Mission

TO SERVE AS A MODEL OF SCHOOL EXCELLENCE BY PREPARING ALL STUDENTS TO BE LEADERS BY DELIVERING RIGOROUS AND RELEVANT CURRICULUM, ENFORCING POSITIVE RELATIONSHIPS AND INNOVATING LEARNING AND ADDRESSING THE NEEDS OF ITS STUDENTS AND FAMILIES AS WELL.

Program Service Accomplishments

Program 1

Expenses: $14,784,124 Revenue: $17,458,308

TO PROVIDE A QUALITY EDUCATION TO SCHOOL AGED CHILDREN KINDERGARTEN THROUGH TWELTH GRADE

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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 $285,000

Program Service Revenue $16,828,331

Investment Income $629,977

Other Revenue $0

TOTAL REVENUE $17,743,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,494,715

Fundraising Expenses $12,919

Program Expenses $14,784,124

Other Expenses $5,649,296

TOTAL EXPENSES $17,144,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,743,308	$15,103,672	+0.2%
Expenses	$17,144,011	$13,826,094	+0.2%
Net Income	$599,297	$1,277,578	-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

198

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

$470,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT WILSON	BOARD PRESIDENT	1.00	Director	$0	$0	$0
BRIAN DILLE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN MADISON	BOARD VICE PRESIDENT	1.00	Director	$0	$0	$0
DAVID MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDSEY FORREST	BOARD SECRETARY	1.00	Director	$0	$0	$0
JEREMIAH RAMER	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN TROTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON INMAN	PRIOR SUPERINTENDENT	40.00	Officer	$312,083	$0	$312,083
KATHY KILLINGSWORTH	INTERIM SUPERINTENDENT	40.00	Officer	$158,250	$0	$158,250

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	$17,743,308	$17,144,011	$55,712,658	$599,297
2024	$15,103,672	$13,826,094	$55,934,490	$1,277,578
2023	$13,359,127	$12,126,920	$57,347,622	$1,232,207
2022	$13,322,993	$12,375,034	$45,382,353	$947,959
2021	$12,305,729	$11,168,842	$44,367,537	$1,136,887
2020	$11,634,249	$9,674,031	$42,386,605	$1,960,218
2018	$7,618,745	$7,784,216	$19,673,762	$-165,471