IMAGINE SCHOOL AT NORTH PORT 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

2011

Legal Domicile

Principal Officer

MARK PEDRO

Phone

9414262050

Tax Period

2024-07-01 to 2025-06-30

IMAGINE SCHOOL AT NORTH PORT INC, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $17.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $16.1M left a modest 7% surplus.

Mission

TO PROVIDE CHARITABLE AND EDUCATIONAL SERVICES THROUGH THE OPERATION OF ONE OR MORE CHARTER SCHOOLS WITHIN THE STATE OF FLORIDA.

Program Service Accomplishments

Program 1

Expenses: $14,765,203 Revenue: $16,114,368

TO ESTABLISH AND OPERATE PUBLIC CHARTER SCHOOLS THAT PROVIDE EDUCATION TO STUDENTS.

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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 $12,261,921

Program Service Revenue $0

Investment Income $0

Other Revenue $5,096,207

TOTAL REVENUE $17,358,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,812,800

Fundraising Expenses $0

Program Expenses $14,765,203

Other Expenses $5,301,568

TOTAL EXPENSES $16,114,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,358,128	$15,307,200	+0.1%
Expenses	$16,114,368	$14,592,354	+0.1%
Net Income	$1,243,760	$714,846	+0.7%

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

182

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

Total Directors

Key Employees

$381,666

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK PEDRO	PRESIDENT	1.00	Officer Director	$0	$0	$0
ED SCHUPPENHAUER	TREASURER	1.00	Officer Director	$0	$0	$0
HEATHER FURNAS	SECRETARY	1.00	Officer Director	$0	$0	$0
APRIL FLEMMING	MEMBER	1.00	Director	$0	$0	$0
JOHN HALCOMB	PRINCIPAL	40.00	Key Emp	$136,170	$0	$136,170
ALEISCHA COOVER	PRINCIPAL	40.00	Key Emp	$127,496	$0	$127,496
TONY GRAHAM	PRINCIPAL	40.00	Key Emp	$118,000	$0	$118,000

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	$17,358,128	$16,114,368	$8,676,083	$1,243,760
2024	$15,307,200	$14,592,354	$7,264,763	$714,846
2023	$14,259,102	$13,925,426	$8,338,192	$333,676
2022	$12,614,361	$12,764,040	$9,001,807	$-149,679
2021	$12,085,972	$12,029,009	$4,125,949	$56,963
2020	$11,544,966	$11,704,183	$4,203,321	$-159,217
2019	$11,554,704	$11,411,980	$4,489,867	$142,724
2018	$11,634,194	$10,976,088	$4,521,870	$658,106