KOSON Schools dba STEM School Highlands Ranch

EIN: 274878116 501(c)(3) Education

Highlands Ranch, CO

Total Revenue
$21,668,136
Total Expenses
$24,515,433
Total Assets
$15,776,007
Net Assets
$15,754,707
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CO
Principal Officer
Matt Cartier
Phone
3036837836
Tax Period
2024-07-01 to 2025-06-30

KOSON Schools dba STEM School Highlands Ranch, founded in 2021, is a mid-sized nonprofit in the Education sector that reported $21.7M in total revenue in fiscal year 2024. Expenses of $24.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

Charter school to provide education to students in grades K-12.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,593,075
Program Service Revenue $19,327,772
Investment Income $682,945
Other Revenue $64,344
TOTAL REVENUE $21,668,136

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,458,209
Fundraising Expenses $0
Program Expenses $13,202,739
Other Expenses $11,057,224
TOTAL EXPENSES $24,515,433

Year-over-Year Comparison

2024 2023 Change
Revenue $21,668,136 $20,972,334 +0.0%
Expenses $24,515,433 $19,449,588 +0.3%
Net Income $-2,847,297 $1,522,746 -2.9%
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

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Governance

Voting Members
12
Independent Members
12
Employees
193
Volunteers
267

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
4
$0
Total Directors
9
$0
Key Employees
3
$557,773
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rudy Lukez Board Member 2.00
Director
$0 $0 $0
Ishmeet Kalra Secretary 5.00
Officer Director
$0 $0 $0
Erin Quigley Vice President/Vice Chair 5.00
Officer Director
$0 $0 $0
Darrell Lomelino Treasurer 5.00
Officer Director
$0 $0 $0
Gina Wing Board Member 2.00
Director
$0 $0 $0
Adelita Campbell Board Member 2.00
Director
$0 $0 $0
Kevin Leung Board Member 2.00
Director
$0 $0 $0
Cory Wroblewski Board Member 2.00
Director
$0 $0 $0
Carla Gustafson President/Chair 5.00
Officer Director
$0 $0 $0
Star Ake Chief Financial Officer 40.00
Key Emp
$184,615 $0 $184,615
Lynann Kovalesky Interim Elementary Directo 40.00
Key Emp
$160,148 $0 $160,148
Matt Cartier Chief Innovation Officer 40.00
Key Emp
$213,010 $0 $213,010
Michael Pritchard IT Director 40.00
Highest
$139,780 $0 $139,780
Ryan Alsup High School Director 40.00
Highest
$128,181 $0 $128,181
Brian Chaput Director of Human Resources 40.00
Highest
$125,390 $0 $125,390
William C Damour Director of Facilities 40.00
Highest
$140,363 $0 $140,363
Amie McElroy Elementary School Principal 40.00
Highest
$108,039 $0 $108,039
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 $21,668,136 $24,515,433 $15,776,007 $-2,847,297
2024 $20,972,334 $19,449,588 $18,976,658 $1,522,746
2023 $17,837,870 $17,046,569 $18,064,780 $791,301
2022 $18,442,277 $16,674,611 $17,222,668 $1,767,666
2021 $17,872,586 $15,734,194 $15,587,452 $2,138,392
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