MINNESOTA TRANSITIONS CHARTER SCHOOL (EIN 411823173) - 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

1995

Legal Domicile

Principal Officer

SCOTT MARINE

Phone

6127229013

Tax Period

2024-07-01 to 2025-06-30

MINNESOTA TRANSITIONS CHARTER SCHOOL, founded in 1995, is a mid-sized nonprofit in the Education sector that reported $88.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $85.4M left a modest 3% surplus.

Mission

WE ARE A STUDENT-CENTERED LEARNING COMMUNITY THAT INSPIRES AND SUPPORTS ALL LEARNERS TO ACHIEVE EXCELLENCE THROUGH EQUITABLE, RELEVANT LEARNING EXPERIENCES.

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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 $85,202,322

Program Service Revenue $1,940,745

Investment Income $1,190,088

Other Revenue $131

TOTAL REVENUE $88,333,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,252,662

Fundraising Expenses $0

Program Expenses $74,249,756

Other Expenses $66,117,119

TOTAL EXPENSES $85,369,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,333,286	$76,454,949	+0.2%
Expenses	$85,369,781	$75,769,242	+0.1%
Net Income	$2,963,505	$685,707	+3.3%

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

425

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

$261,024

Total Directors

$1,029,315

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DURCHSLAG	PEASE DIRECTOR	40.00	Director	$108,034	$49,159	$157,193
SAM TROJAN	TEACHER	40.00	Director	$80,226	$30,007	$110,233
MARS ROBMANN	TEACHER	40.00	Director	$61,282	$31,851	$93,133
NIKKI REINARDY	TEACHER/SECRETARY	40.00	Officer Director	$98,071	$42,038	$140,109
PETER RAND	BOARD CHAIR	40.00	Officer Director	$89,392	$31,523	$120,915
JENNIFER REILING	MTSS DIRECTOR	40.00	Director	$125,970	$39,273	$165,243
ARIANNA EDINGTON	TEACHER	40.00	Director	$44,364	$24,021	$68,385
ZAHRA FARAH	TEACHER	40.00	Director	$59,310	$25,587	$84,897
MATT EDGAR	TEACHER	40.00	Director	$62,140	$27,067	$89,207
ALEX DEGROOT	TEACHER	40.00	Director	$0	$0	$0
BELLE THOMPSON	PARENT	0.50	Director	$0	$0	$0
JYNAYA JACKSON	COMMUNITY MEMBER	0.50	Director	$0	$0	$0
ERIN COPELAND	SPED DIRECTOR	40.00	Highest	$134,639	$57,645	$192,284
WENDY LORENZ-WALRAVEN	DIRECTOR OF EQUITY AND INCLUSION	40.00	Highest	$115,981	$46,015	$161,996
NICK SOFIO	MTSE DIRECTOR	40.00	Highest	$120,938	$38,423	$159,361
BILL GLENZ	VIRTUAL DIRECTOR	40.00	Highest	$124,366	$38,971	$163,337
SHAWN FONDOW	EXECUTIVE DIRECTOR	40.00	Highest	$180,472	$77,447	$257,919
ANDREA MILLER	DIRECTOR OF ENGLISH LEARNING	40.00	Highest	$123,775	$39,587	$163,362
KELSEY BENNETT	DIRECTOR OF COMPLIANCE, CURRICULUM AND INSTRUCTION	40.00	Highest	$110,570	$37,866	$148,436
ALYSSA SCHERKENBACH	MN VIRTUAL ELEMENTARY PRINCIPAL	40.00	Highest	$104,002	$36,340	$140,342

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	$88,333,286	$85,369,781	$68,345,815	$2,963,505
2024	$76,454,949	$75,769,242	$85,996,758	$685,707
2023	$71,763,081	$67,360,060	$80,715,009	$4,403,021
2022	$75,756,104	$67,159,037	$57,498,572	$8,597,067
2021	$63,864,968	$63,572,191	$28,235,035	$292,777
2020	$48,668,552	$49,243,096	$21,744,421	$-574,544
2019	$46,203,781	$42,179,109	$23,851,135	$4,024,672
2018	$42,091,056	$43,584,884	$26,056,726	$-1,493,828

MINNESOTA TRANSITIONS CHARTER SCHOOL