Ridgecrest Charter School DBA REALMS (EIN 330963233) - 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

2001

Legal Domicile

Phone

7603751010

Tax Period

2023-07-01 to 2024-06-30

Ridgecrest Charter School DBA REALMS, founded in 2001, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $4.4M exceeded revenue, resulting in a 49% operating deficit.

Mission

To provide an experience-centered, life-long learner based environment.

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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 $2,951,076

Program Service Revenue $0

Investment Income $21,156

Other Revenue $1,014

TOTAL REVENUE $2,973,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,623,158

Fundraising Expenses $0

Program Expenses $3,137,859

Other Expenses $1,820,963

TOTAL EXPENSES $4,444,121

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,973,246	$4,132,055	-0.3%
Expenses	$4,444,121	$4,032,440	+0.1%
Net Income	$-1,470,875	$99,615	-15.8%

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

N/A

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

$127,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Don Beene	Superintendent	40.00	Officer	$127,025	$0	$127,025
Patrick Traynor	C.E.O	40.00		$121,362	$0	$121,362
Elsa Hennings	President	2.00	Officer Director	$0	$0	$0
Travis Reed	Vice President	2.00	Officer Director	$0	$0	$0
David Eriksen	Secretary	2.00	Officer Director	$0	$0	$0
Ernest Unruh	Member	2.00	Director	$0	$0	$0
Sam Garvin	Treasurer	2.00	Officer Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$2,973,246	$4,444,121	$3,573,722	$-1,470,875
2023	$4,132,055	$4,032,440	$5,135,958	$99,615
2022	$2,670,517	$3,244,562	$4,568,612	$-574,045
2021	$3,927,825	$2,714,120	$5,032,140	$1,213,705
2020	$3,105,008	$3,664,302	$4,243,540	$-559,294
2018	$5,657,138	$4,330,818	$5,719,050	$1,326,320

Ridgecrest Charter School DBA REALMS