SOUTH BEND, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CAREER ACADEMY OF SOUTH BEND INC, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $30.0M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $26.1M left a modest 13% surplus.
CAREER ACADEMY OF SOUTH BEND IS A FULLY ACCREDITED CHARTER PUBLIC SCHOOL WHICH BEGAN SERVING STUDENTS IN GRADES K-12 IN THE FALL OF 2011. ITS MISSION IS TO PROVIDE A QUALITY ALTERNATIVE PUBLIC EDUCATION FOR STUDENTS BETTER SERVED IN A NON-TRADITIONAL ENVIRONMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $30,049,735 | $20,934,823 | +0.4% |
| Expenses | $26,118,666 | $18,816,148 | +0.4% |
| Net Income | $3,931,069 | $2,118,675 | +0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LAWRENCE GARATONI | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL GARATONI | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARIAN HODGES | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| IRIS HAMMEL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CHAD HARTZELL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JANET SCOTT | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| NICK SWISHER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN DESALLE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| RACHEL SAVOIE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DOUGLAS WARRINGTON | CFO (FROM 5/24) | 50.00 |
Officer
|
$0 | $0 | $0 |
| JEREMY LUGBILL | SUPERINTENDENT | 50.00 |
Highest
|
$143,013 | $18,473 | $161,486 |
| CANDIDA VAN BUSKIRK | ASSISTANT SUPERINTENDENT | 50.00 |
Highest
|
$121,877 | $18,131 | $140,008 |
| KIM RICHARDSON | BUSINESS MANAGER | 50.00 |
Highest
|
$116,464 | $3,080 | $119,544 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $30,049,735 | $26,118,666 | $57,266,583 | $3,931,069 |
| 2023 | $20,934,823 | $18,816,148 | $42,533,850 | $2,118,675 |
| 2023 | $16,270,516 | $16,366,846 | $28,495,602 | $-96,330 |
| 2022 | $16,270,516 | $16,366,846 | $28,495,602 | $-96,330 |
| 2021 | $15,770,291 | $14,399,370 | $28,812,268 | $1,370,921 |
| 2020 | $13,482,141 | $13,172,240 | $26,034,789 | $309,901 |
| 2019 | $13,027,975 | $13,087,486 | $28,774,905 | $-59,511 |
| 2018 | $12,362,074 | $11,111,017 | $28,899,797 | $1,251,057 |
Compare CAREER ACADEMY OF SOUTH BEND INC with other nonprofits in Indiana and across the country.