PACT Charter School

EIN: 411775865 501(c)(3)

Ramsey, MN

Total Revenue
$14,505,532
Total Expenses
$14,957,504
Total Assets
$5,624,341
Net Assets
$-647,036
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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
1994
Legal Domicile
MN
Principal Officer
Josh Nyquist
Phone
7637124200
Tax Period
2023-07-01 to 2024-06-30

PACT Charter School, founded in 1994, is a mid-sized nonprofit that reported $14.5M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

Partnering as parents, students, and staff to develop students of character and academic excellence.

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,178,940
Program Service Revenue $185,742
Investment Income $75,679
Other Revenue $65,171
TOTAL REVENUE $14,505,532

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,117,642
Fundraising Expenses $0
Program Expenses $13,332,681
Other Expenses $5,839,862
TOTAL EXPENSES $14,957,504

Year-over-Year Comparison

2023 2022 Change
Revenue $14,505,532 $10,121,647 +0.4%
Expenses $14,957,504 $9,207,395 +0.6%
Net Income $-451,972 $914,252 -1.5%
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
9
Independent Members
5
Employees
219
Volunteers
352

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
7
$530,963
Total Directors
7
$118,478
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ann Ostendorf Secretary / Teacher Member 41.00
Officer Director
$49,308 $16,070 $65,378
Ryan Heineman Chair / Parent Member 1.00
Officer Director
$0 $0 $0
Brad Lawrence Treasurer / Parent Member 1.00
Officer Director
$0 $0 $0
Jason Tossey Vice Chair / Teacher 41.00
Officer Director
$48,921 $4,179 $53,100
Jason Busch Parent Member 1.00
Director
$0 $0 $0
Nicole Rhoad Community Member 1.00
Director
$0 $0 $0
Chad Lucas Parent Member 1.00
Director
$0 $0 $0
Joshua Nyquist Executive Director 40.00
Officer
$119,891 $29,282 $149,173
Paul Scanlon ED of Elementary Education 40.00
Officer
$121,194 $8,996 $130,190
Romelle Pornschloegl ED of Secondary Education 40.00
Officer
$123,936 $9,186 $133,122
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 $14,505,532 $14,957,504 $5,624,341 $-451,972
2023 $10,121,647 $9,207,395 $5,912,604 $914,252
2022 $8,450,836 $8,009,466 $5,812,709 $441,370
2021 $7,920,271 $7,713,685 $5,704,270 $206,586
2020 $7,543,167 $7,620,305 $6,358,778 $-77,138
2019 $8,663,753 $7,172,226 $7,424,818 $1,491,527
2018 $7,226,435 $8,441,145 $8,590,024 $-1,214,710
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