NOBLE NETWORK OF CHARTER SCHOOLS (EIN 364241970) - 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

1999

Legal Domicile

Principal Officer

BRENDA CORA

Phone

3125215287

Tax Period

2024-07-01 to 2025-06-30

NOBLE NETWORK OF CHARTER SCHOOLS, founded in 1999, is a major nonprofit in the Education sector that reported $230.3M in total revenue in fiscal year 2024.

Mission

NOBLE WILL ENSURE THAT ALL STUDENTS HAVE EQUITABLE AND POSITIVE SCHOOL EXPERIENCES THAT EQUIP THEM TO COMPLETE COLLEGE AND LEAD CHOICE-FILLED LIVES.

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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 $214,203,406

Program Service Revenue $12,025,600

Investment Income $4,711,560

Other Revenue $-592,865

TOTAL REVENUE $230,347,701

Expense Breakdown

Grants Paid $714,405

Salaries & Benefits $157,568,504

Fundraising Expenses $564,506

Program Expenses $208,558,800

Other Expenses $78,023,310

TOTAL EXPENSES $236,306,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$230,347,701	$238,788,253	0.0%
Expenses	$236,306,219	$232,402,046	+0.0%
Net Income	$-5,958,518	$6,386,207	-1.9%

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

Governance

Voting Members

Independent Members

Employees

2059

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

$669,562

Total Directors

Key Employees

$531,456

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE DE LA ROSA	INTERIM BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ALLAN MUCHIN	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
PRISCILLA CENTENO	DIRECTOR	1.00	Director	$0	$0	$0
HARRIETTE COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
AARTI DHUPELIA	DIRECTOR	1.00	Director	$0	$0	$0
JENIS ELLINGWOOD	DIRECTOR	1.00	Director	$0	$0	$0
JASMINE HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
JULIE HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
EMMANUEL JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
GAUTAM KUMAR	DIRECTOR	1.00	Director	$0	$0	$0
MARLENA LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
JERI MACK	DIRECTOR	1.00	Director	$0	$0	$0
NANCY MILLS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MUCHIN	DIRECTOR	1.00	Director	$0	$0	$0
TROY RATLIFF	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN REINSDORF	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
NIKOS VARELAS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
CONSTANCE JONES	SENIOR ADVISOR (TERM 05/25)	40.00	Officer	$361,166	$12,468	$373,634
NIKITA JOHNSON-WHITE	CHIEF FINANCIAL OFFICER	40.00	Officer	$203,609	$24,073	$227,682
GABRIELE EIMONTAITE	BOARD CLERK	40.00	Officer	$53,454	$14,792	$68,246
MICHAEL MADDEN	PRESIDENT	40.00	Key Emp	$257,867	$5,608	$263,475
JENNIFER REID DAVIS	HEAD OF STRATEGY & EQUITY	40.00	Key Emp	$243,460	$24,521	$267,981
ELLEN METZ	HEAD OF SCHOOLS	40.00	Highest	$252,209	$24,266	$276,475
KYLE COLE	CHIEF ACADEMIC OFFICER	40.00	Highest	$224,470	$18,247	$242,717
DARKO SIMUNOVIC	CHIEF OPERATING OFFICER	40.00	Highest	$219,302	$17,627	$236,929
TRESSIE DUST MCDONOUGH	CHIEF SCHOOLS OFFICER	40.00	Highest	$199,072	$24,041	$223,113
BRENDA CORA	CEO (STARTED 01/25) AND CHIEF SCHOOLS OFFICER	40.00	Highest	$203,586	$3,827	$207,413

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	$230,347,701	$236,306,219	$259,224,671	$-5,958,518
2024	$238,788,253	$232,402,046	$268,563,864	$6,386,207
2023	$240,875,457	$226,343,531	$243,487,076	$14,531,926
2022	$227,971,902	$228,530,056	$237,808,950	$-558,154
2021	$192,810,740	$192,021,204	$251,287,542	$789,536
2020	$186,903,293	$181,004,819	$207,438,075	$5,898,474
2019	$174,882,435	$168,991,580	$204,759,984	$5,890,855
2018	$183,548,843	$160,905,261	$198,957,563	$22,643,582

NOBLE NETWORK OF CHARTER SCHOOLS